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Bare acts > Co-operative Societies Act, 1912 > Section 34
 
  


 

34. Contribution to charitable purpose.- Any registered society may, with the sanction of the Registrar, after one- fourth of the net profits in any year has been carried to a reserve fund, contribute an amount not exceeding ten per cent. of the remaining net profits to any charitable purpose, as defined in section 2 of the Charitable Endowments Act, 1890 (1 of 1890 ).

 

 

 

 

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