Gujarat Co-operative Societies Act, 1961
No society shall pay dividend to its members at a rate exceeding the rate as may be prescribed by the Stare Government, by notification in the Official Gazette, from time to time for all societies generally or a class of societies in particular: Provided however that the dividend payable in case of co-operative credit structure shall be subject to the guidelines of the Reserve Bank of India or, as the case may be, the National Bank.]