Malaysia legislation
Section 32
Section 32
(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
Annual Government grant