law: Co-Operative Societies Act 2008 
  4. 
  
  Co-operative principles
  For
  
  the purposes of section 3, a society conforms to co-operative principles if-
  a.      except in the case of
  
  a secondary or tertiary society no member or delegate has more than one vote;
  b.     no member or delegate
  
  is entitled to vote by proxy;
  c.      its business is
  
  carried on primarily for the benefit of its members;
  d.     its membership is
  
  voluntary and available without any artificial restriction or any unlawful
  
  basis of discrimination, to any person who can use its services and is willing
  
  to accept the responsibility of membership;
  e.      the rate of dividends
  
  on share capital that it pays does not exceed the rate prescribed in the
  
  Regulations;
  f.       any surplus or
  
  savings arising out of its operation is-
               
  
   i.        
  
    used
  
  to develop its business;
              
  
   ii.        
  
    used
  
  to provide or improve common services to members;
             
  
   iii.        
  
    used
  
  for the payment of dividends on share capital;
             
  
   iv.        
  
    distributed
  
  among members in proportion to their patronage with the society;
              
  
   v.        
  
    used
  
  to educate its members, officers or employees or the general public in the
  
  principles and techniques of economic and democratic co-operation; and
             
  
   vi.        
  
    distributed
  
  for non-profit, charitable, benevolent or cultural purposes.
  a.       
  b.       
  c.       
  d.       
  e.       
  f.       
  g.     cooperation with
  
  other societies is pursued; and
  h.      it provides for
  
  continuing education.