Section 33 in The M.P. (Rajya) Bhumi Vikas Nigam Adhiniyam, 1976
33. Disposal of profits.
(1)The Nigam 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 Nigam may declare a dividend out of its net annual profits.
