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[Cites 0, Cited by 0] [Section 67] [Entire Act]

State of Arunachal Pradesh - Subsection

Section 67(2) in Arunachal Pradesh Co-operative Societies Act, 1978

(2)In the case of Resource or Producers' society at least one-fourth of the net profits of the society each year, and in the case of any other society, at least one-tenth of the net profits of the society each year, shall be carried to the reserve fund; and such reserve fund may be used in the business of the society or may, subject to the provisions of Section 71, be invested as the Government may, by general or special order, direct or may with the previous sanction of the Government, be used in part for some public purpose likely to promote the objects of this Act, or for some such purpose of the Union Territory or of local interest.