Chapter 10 Fund of Cooperative Organisation

Section 68: Reserve Fund

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1) There shall be a reserve fund in a Cooperative organisation.

2) The fund referred to in sub-section (1) shall have the following amount:

(a) At least twenty-five percent of the net savings of a fiscal year,

(b) Capital grant amount provided by any organisation, association or agency,

(c) Amount received from the fixed assets,

(d) Amount received from any other sources.

3) The Amount of the fund referred to in sub-section (1) shall be indivisible.

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