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[Cites 0, Cited by 0] [Section 85(2)] [Section 85] [Entire Act]

State of Tamilnadu - Subsection

Section 85(2)(a) in Tamil Nadu Co-operative Societies Rules, 1988

(a)No expenditure on jubilee celebrations shall exceed twenty-five per cent of the average net profit earned by the society during the three years preceding the year of celebration or of the net profit as disclosed by the latest audited balance sheet, whichever is higher.