(1) The corporation shall establish a reserve fund by transferring such sums as it may deem fit out of its net annual profits before declaring a dividend. (2) After making provisions for bad and doubtful debts, depreciation of assets and all other matters which may be considered necessary by the Board, the corporation may, out of its net annual profits, declare a dividend.
Section 36: Disposal of profits
The Rajasthan Land Development Corporation Act, 1975State Act of Rajasthan · Act 17 of 1975
Where this provision sits
| Act | The Rajasthan Land Development Corporation Act, 1975 |
|---|---|
| Section | 36 |
| Marginal note | Disposal of profits |
| Jurisdiction | State of Rajasthan |
| Status | In force as published by the source |
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