The principle lay down under this section is that no credit cooperative society shall divide the capital fund by way of bonus, divider otherwise. Sub-rule (1) of Rule 24 also provides the same. Only profits divided and not capital. The dividend shall be paid from the net proof making the contribution as provided in sub-section (2) of this section to reserve fund. For calculating net profits of a cooperative society, full amounts are to be deducted from the gross profit for the year (a) All interests accrued and accruing in relation to amounts overdue, (b) Establishment charges, (c) Interest payable on loans and deposits, (d) Audit fees, (e) Working expenses including repairs, rent, taxes and depress.(f) Bonus payable to employees, (g) Equalization fund for such bonus, (k) Payment of income tax and approved donations under the Income tax Act, 1961, (i) Development rebate, (j) Development fund, (k) Bad debt fund, (l) Price fluctuation fund, (m) Dividend equalization fund, (n) Share capital redemption fund, (0) Investment fluctuation fund, and (p) Provision for retirement benefits to employees. It is payable after it is approved by the general body and not otherwise shareholder will have any right to the dividend unless it is approved by the general body. It is payable to all the members within the period of the approval of general body. It is payable from the net  of any year and from any profits of past year which is available for option to the readmission of expelled member of multi state cooperative society to such extent as may be prescribed by the bye-laws. In calculating profits interest accrued but not received is. Deducted from gross profit. No dividend shall be paid by the society if claim is due from the society to a depositor or lender and it remains  misfiled. After distribution of dividend if any profit remains undistributed that. distributed in accordance with bye-laws of the cooperative society which shall be in operation to the wages earned by each member in case of a producers society the amount of goods purchased by each member or customer in the case consumers society, and in proportion to the amount of rent paid by each in case of a housing society or it may be in proportion to the goods or sold, or to the loan borrowed from the deposit made with the member in case of the resource societies .Business corporations are characterized by "an underlying commonality of structures that transcends national boundaries:" they display everywhere five key features (legal personality, limited liability transferable shares, delegated management with a board structure, and investor ownership).