- After providing for the reserve fund as provided in Section 67 and [for the bad debt reserve fund as provided in Section 67-A and] [Inserted by Gujarat 1 of 2008, Section 13(i) (w.e.f. 8.10.2007).] for the educational fund as provided in Section 69, a society may set aside a sum not exceeding twenty per cent of it net profits, and utilise from time to time, with the approval-
Chapter VIP — roperty and Funds of Societies
Section 70
Contribution to public purpose
Printed from Law on Tips • The Multi-State Co-operative Housing Societies Act