Disposal of net profits.

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..... ( b ) credit one per cent to co‑operative education fund maintained, by the National Co‑operative Union of India Limited, New Delhi, in the manner as may be prescribed; ( c ) transfer an amount not less than ten per cent to a reserve fund for meeting unforeseen losses. (2) Subject to such conditions as may be prescribed, the balance of the net profits may be utilised for all o .....

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