Unit fee and its amount

Pai as a concept is fixed by law. A share contribution also corresponds to this definition. The law establishes it as a percentage of the contribution of its own property by members of the agricultural production or consumer cooperative (SPK) for the further sale of economic activities.

Is there a difference between these two concepts?

Despite the fact that these two concepts are combined, they are different. A share is a property that already belongs to the cooperative and is divided into its members, and the share contributions of members of the cooperative are property that each participant contributes at the basis of the SEC.

Legislation on agrarian cooperation states that the share consists not only of the contributions of participants, but also of the net assets of the agricultural production cooperative. Nevertheless, its size is limited by the property that the member made, joining the cooperative.

What is a mutual fund?

All property of the agrarian cooperative is divided between its participants and expressed in monetary form. An exception is found in funds that do not divide among the participants.

Associations of property shares and form a share fund. All these principles are fixed by the charter of the cooperative. On the collected property and start economic activity. Depending on its size, the activity of each participant depends on the whole process.

Compulsory contributions

They are also fixed by the charter of the cooperative, and after their receipt shareholders are entitled:

• vote;
• Participation in activities;
• Obtaining benefits;
• Use of the services of the cooperative;
• Relying on earnings.

At the same time, making a share contribution and a share gives different opportunities for a cooperative member. More simply, it sounds like this: the larger the contribution, the more privileges will be in the course of economic activity and the higher the income. If the fee was small, then the size of the unit will be small.

Additional contributions

This is a voluntary share contribution, which each participant can make on top of the unit received as a result of making a mandatory contribution to enter the cooperative.

It is the amounts of both basic and supplementary contributions that are paid that indicate what payments each member will receive after the cooperative ceases to operate or if it voluntarily withdraws from it.

This is because the property of the cooperative is common and common rights and obligations apply to each shareholder. In this case, the property can be represented both by own means and by borrowed funds, which should not exceed 60% of all the funds collected by the cooperative. The property of the participants in the process is:

• securities;
• things;
• property rights.

The amount of borrowed funds no more than 60% speaks about the solvency of the organization and gives a guarantee to the creditors on the repayment of the taken debt obligations.

What is a unit fund?

Before the commencement of the cooperative, the shareholders hold a meeting at which they adopt the articles of association and designate the size of the share contribution, which is also fixed in the charter.

All issues in the field of creating a mutual fund and the development of project documentation on the activities of the cooperative are handled by the committee on organizational issues.

In the course of economic activity, changes may be made to the charter on the contribution amount. Since this information pertains to each employee of the organization, the law fixes a complex procedure for these actions, which begins with the meeting of shareholders and ends with the registration of these changes in the document regulating the order of the organization.

The size of the unit fund may increase in two cases:

1. If members contribute additional funds to the development of production due to payments made by the cooperative.
2. As a result of the recruitment of new participants in the production process, the number of shares is growing.

The growth of mutual fund occurs only when at the public meeting the majority of its participants voted for it.

What should be the first installment?

Each participant of a production organization must, before registering it, contribute at least ten percent (and for a consumer cooperative 25%) of the amount of the share contribution that is recognized as binding.

The remaining 90% or 75%, he can periodically contribute to the total authorized capital, but only in the first year of production. At the same time, the size of the unit fund may change to a greater or lesser extent after a meeting of cooperative members.

All changes to the organizational code are registered in accordance with the rules established by law.

Indivisible fund

It represents those means of cooperative members who are not equated to shares and, accordingly, do not share among the members of the SEC.

By a majority vote, some of the shares may be transferred to an indivisible fund, as a result of which the size of the share for each participant will decrease in proportion to the money transferred into it.

Within four weeks after the changes in shares are registered in the charter and become effective, it is necessary to inform the creditors of the cooperative about this. If they are not satisfied with the new data and within 24 weeks after the publication of the changes put forward their demands, then they must be executed.

What makes up the income?

Prigorotka represents that final profit which accountants define in the account in the course of studying and an estimation of the balance received on the end of the year.

Those payments, which will be received by the participants in the production process, are fixed legislatively or in the organization's charter.

Usually the payment depends on the share of participation each worker of the cooperative takes during the economic activity.

All the nuances concerning the division of profits among the participants in production are discussed and accepted by all shareholders together. These meetings are held within three months from the end of the fiscal year.

It must be remembered that payments are made after all mandatory payments to the pension and social insurance funds and the tax service.

How is the income of the cooperative divided?

The income that was determined by the end of the year, having studied the balance sheet, is divided among the participants as follows:

1. A certain part is sent to the reserve and other general funds of the cooperative, which are not divided and fixed by the organization's charter.
2. On the basis of the current legislative acts, part of the money is sent to pay tax liabilities and other payments to the budgets of the required levels.
3. For the payment of dividends, but in the amount of not more than 30% of the total amount, to be divided into cooperative members.

The amount of cash disbursement depends on the balance sheet at the end of the year.

How are the payments of the cooperative divided?

Payments, which serve as an income for shareholders and the whole organization as a whole, are divided:

1. To issue wages to employees of the cooperative, who are not included in the number of shareholders, commensurate with their participation in the activities of the organization.
2. After all non-members have received their income, all shareholders can gather and decide on the remaining profits to direct on the growth of their share contributions. However, this value should not exceed 80%.
3. The rest of the income goes to pay for the work of the shareholders.

Use of payments to increase the share

Payments of the organization can be used as follows:

1. If the participants in economic activities have decided to increase the share fund at the expense of these funds, the funds are sent there.
2. Funds can be sent by cooperatives to pay its members of property shares that have not been paid yet, and the deadlines are already tightening up.

At the same time, repayment can be either complete or partial. This can be done if the cooperative has means that exceed the amount of the share fund established by the charter. In particular, payments of the cooperative are also taken into account, which are used to increase the share fund. Until it is fully formed, no funds are allocated for the repayment of contributions.

An exception is the repayment of share contributions of associate members of the cooperative, that is, those individuals or legal entities that have contributed their property and receive dividends on it. However, they carry the risk of damage to the organization.

Is the cooperative's responsibility to creditors?

Yes, it does! The legislation of the Russian Federation establishes property liability.

In the event of failure to fulfill its promises to creditors, the organization loses all its property. In this case, you will have to pay only your own funds, and not borrowed.

The cooperative is not liable for its obligations for its individual members, unless, of course, it is legislatively secured.

What is subsidiary liability?

This responsibility is borne by members of the cooperative for non-fulfillment of their obligations.

It is regulated by law and represents an additional to the main responsibility of the organization, which appears when the cooperative is unable to fulfill all the creditors' requests. The law establishes the following features:

1. The participants in the production are liable in the amount of the fee, which is stipulated in the charter of the cooperative. In this case, its value should not exceed 0.5% of the amount of the main contribution.
2. The size of the fee is taken by a majority vote at the general meeting, but it should not be higher than the statutory value.
3. The adopted value is approved by the charter of the cooperative.

In other words, it can be said that the shareholders cover creditor debts, when the cooperative itself does not have money and property for this.

Losses of the cooperative

Losses look at the end of the year on the balance sheet. They are divided among the shareholders in accordance with their remuneration.

The losses are compensated primarily due to reserve funds or additional share contributions of the cooperative.