Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 43] [Entire Act]

State of Uttar Pradesh - Subsection

Section 43(b) in Amended Bye-Laws of the Pradeshik Co-operative Dairy Federation Limited

(b)Out of the balance of the net profits as remains after allocation under sub-clauses (i) and (ii) above, the following shall be excluded to arrive at the distributable profits -
(i)all interests which is overdue;
(ii)all interests earned, but not due from members from whom interest is overdue;
(iii)commissioning or profits margin earned on such credit sale recovery of which is overdue.