Section 69: Secured Capital Redemption Fund

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1) There shall be a secured capital redemption repayment fund in a Cooperative organisation.

2) At least twenty-five percent of the amount remaining after segregating the amount referred to in clause (a) of sub-section (2) of Section 68 in the reserve fund shall annually be deposited in the fund referred to in sub-section (1).

3) The amount referred to in sub-section (1) shall be made available to the concerned member based on the annual turnover of the member as prescribed.

Tagged:
cooperatives act
nepal law

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