Any registered society may, with the sanction of the Registrar, after one-fourth of the net profits in any year has been carried to a reserve fund, contribute an amount not exceeding ten per cent. of the remaining net profits to any charitable purpose, as defined in section 2 of the Charitable Endowments Act, 1890 (1 of 1890).
Section 34: Contribution to charitable purpose.
The Co-operative Societies Act, 1912Central Act · Act 2 of 1912
Where this provision sits
| Act | The Co-operative Societies Act, 1912 |
|---|---|
| Section | 34 |
| Marginal note | Contribution to charitable purpose. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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