Page 5 - Society 2020

PROFITS:

This Year the Society has earned a net profit of Rs. 22,52,366.27and the

profits should be appropriated as per Co-op, Society Act and Rules and the

By-law of the Society. We are happy to inform that it is recommended to the
General Body to declare Dividend to members at the rate of 14% on their

paid up share capital for the year 2019-2020 as done in the last years.

CONCLUSIONS:

We thank all the members for their continued co-operation and assistance to

the society. We wish to convey our special thanks to the Director and Joint

Director, Census operations, Tamil Nadu for their prompt recovery and
remittance of the monthly demand towards the society. We express our thanks

to the additional Registrar of Cooperative Societies, Chennai region and

Deputy registrar (Credit),for their guidance for the effective performance and
functioning of the Society. Our Thanks are always due to the Asst. Director of

Cooperative Audit, Chennai (North) and the Cooperative Audit Officer for the

Completion of audit and issue of audit report in time. Finally I Wish to Thank
the staff of the society for the proper maintenance of accounts and records.

Dated: 01.10.2020

Sd-
(S.SHANMUGAM)

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