Contributory Provident Fund in cooperative society having such number employees as may be prescribed may establish a contributory fund for the benefit of such employees to which shall be contributions made by the employees and the society in accordance bye-laws of the society. (2) Monies standing to the credit of any contributory established by a Multi State Society under sub-section not (a) be used in the business of the society ; (b) form part of the assets of the society ; (c) be liable to attachment or be subject to any other process of or other authority. (3) Notwithstanding anything contained in this section, established by a credit cooperative society to which the Employees' Provident Funds and Miscellaneous Provisions. Provided further that in the case of such multi-state co-operative societies as do not have share capital, the surplus of income over expenditure shall not be treated as net profits and such surplus shall be dealt with in accordance with the bye-laws. donation of amounts not exceeding five percent of the net profits for any purpose connected with the development of co-operative movement or charitable purpose as defined in section 2 of the Charitable Endowments Act, 1890 (6 of 1890).Provided further that where the employee was a Subscriber to any pre-existing Provident Fund Scheme implemented in that cooperative society and contribution made thereon has been transferred to the Pension Fund, such period will also qualify for pension. No multi state cooperative society shall make a contribution, either in money or in kind, whether directly or indirectly, to an institution which has an object of furtherance of the interest of a political party. All moneys received by an apex society in respect of shares of other societies purchased from moneys in the Principal State Partnership Fund on redemption of such share or by way of dividends or otherwise shall be credited to that Fund. Certified copy of the resolution of the promoters which shall specify the name and address of one of the applicants to whom the Central Registrar may address correspondence under the rules before registration and dispatch or hand over registration documents. When an inquiry made under this section reveals only minor defects which, in the opinion of the Registrar, can be remedied by the society, he shall communicate the result of the inquiry to the society and the multi state cooperative society, if any, to which that society is affiliated. He shall also direct the society or its officers to take such action within the time specified therein to rectify the defects disclosed in such inquiry.