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Section 17: Creation of Common Pool Fund

The Hindu Religious Institutions and Charitable Endowments Act, 1997State Act of Karnataka · Act 33 of 2001

It shall be lawful for the 1[Rajya Dharmika Parishat]1 to create a fund to be called the Common Pool Fund out of.- 1[(a) contributions made by the notified or declared institutions at the following rate:-

(1) ten percent of the net income in respect of institutions whose gross annual income exceeds rupees ten lakhs;

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(2) five percent of the net income in respect of institutions whose gross annual income exceed rupees five lakhs but does not exceed rupees ten lakhs.]1

(b) Grants received from the State Government.

1. Substituted by Act 27 of 2011 w.e.f. 04.05.2011.

Where this provision sits

ActThe Hindu Religious Institutions and Charitable Endowments Act, 1997
Section17
Marginal noteCreation of Common Pool Fund
JurisdictionState of Karnataka
StatusIn force as published by the source

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