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[Cites 0, Cited by 0] [Section 42] [Entire Act]

State of Odisha - Subsection

Section 42(2) in The Orissa Self-Help Co-operatives Act, 2001

(2)Funds so created may be used in the business of the Co-operative, but at the end of every co-operative business year, on that portion of each fund which was. not applied for the purpose for which it was created, the Co-operative shall credit to the account of such fund an annual interest, at not less than the rate paid by scheduled banks on long term fixed deposits, debiting such interest as operational expenditure.