After providing for the reserve fund as provided in section 66, and for the 10[funds towards co-operative education and training as provided in section 24A], a society may set aside a sum not exceeding twenty per cent. of its net profits, and utilise, with the approval of such federal society as may be notified by the State Government in this behalf from time to time, the whole or part of such sum in contributing to any co-operative purpose, or to any charitable purpose within the meaning of section 2 of the Charitable Endowments Act, 1890 (VI of 1890), or to any other public purpose.
Section 69: Contribution to public purposes
The Maharashtra Co-operative Societies Act, 1960State Act of Maharashtra · Act 24 of 1961
Where this provision sits
| Act | The Maharashtra Co-operative Societies Act, 1960 |
|---|---|
| Section | 69 |
| Marginal note | Contribution to public purposes |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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