(1) The following funds can be established from the amount left over from the net contributions of an organization or association as written in sub-section (1) of section 27 of the Act:-

< p>(a) Share Dividend Fund,
(b) Protected Fund,
(c) Employee Bonus Fund,
(d) Cooperative Education Fund,
(e) Cooperative Development Fund,
(f) Deficit compensation fund,

(2) The extent of the amount deposited in the funds to be established in accordance with sub-rule (1) shall be as determined by the committee from time to time.

(3) Sub-rule (1) ) shall be kept in separate accounts and shall be as determined by the steering committee of such funds.