Section 14: Profit-Sharing Arrangements

The UP Basic School Teachers (Saving Cum Insurance) Rules, 1976State Rules of Uttar Pradesh · 1972

The Corporation's Scheme of Profit Sharing shall be applicable to that portion of the contribution which is applied as premium for Assurances in respect of the Members. The profit or loss for purposes of profit-sharing shall be determined on policy-year basis and the State Government's share of profit in respect of the policy-year will be made available by the Corporation immediately after the expiry of the policy-year subject to renewal of the Scheme for the next policy-year.

The State Government's share of loss for a policy-year will be carried forward to be set of against its share of profits in future.

Where this provision sits

Act	The UP Basic School Teachers (Saving Cum Insurance) Rules, 1976
Section	14
Marginal note	Profit-Sharing Arrangements
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

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