Malaysia Co-Operative Societies Commission Act 2007 · s 32

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s 32General Reserve Fund

(1)

A General Reserve Fund of the Commission is established.

(2)

At the end of each financial year, the net profit of the

Commission for that year shall be determined after allowing for the expenses of operation and after provision has been made for bad and doubtful debts, depreciation in assets, contributions to staff and pension funds and such other contingencies as are usually provided for by the Commission.

(3)

The net profit of the Commission shall be placed to the credit of the General Reserve Fund.

Malaysia Co-operative Societies Commission 33