Section 54: Reserve and other funds

The Goa Co-operative Societies Act, 2001State Act of Goa · Act 36 of 2001

(1) A society may create statutory and non- statutory reserves and other funds for the promotion of the objects of the society.

(2) Reserves and other funds shall be used for the purpose for which they were created when necessary but otherwise may be used in the business of the society.62[***]

(3) Every society shall provide funds each year for co-operative education and training of its members, staff and Directors.

Where this provision sits

Act	The Goa Co-operative Societies Act, 2001
Section	54
Marginal note	Reserve and other funds
Jurisdiction	State of Goa
Status	In force as published by the source

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