CourtMesh

Section 35: Disposal of profits.

The State Financial Corporations Act, 1951Central Act · Act 63 of 1951

(1) The Financial Corporation shall establish a reserve fund.

(2) After making provision for bad and doubtful debts, depreciation of assets and all other matters which are usually provided for by banking companies, the Financial Corporation may out of its net annual profits declare a dividend;

* * * * *

* * * * *

Where this provision sits

ActThe State Financial Corporations Act, 1951
Section35
Marginal noteDisposal of profits.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • omitted. . The proviso omitted by s. 22, ibid. (w.e.f. 5-9-2000).
  • omitted, Act 39 of 2000. . Omitted by Act 39 of 2000, s. 22 (w.e.f. 5-9-2000).

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The State Financial Corporations Act, 1951 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.