← Malaysia Co-operative Societies Commission Act 2007

Malaysia Co-operative Societies Commission Act 2007 s 32

s 32 General 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.

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Find Act 665 on lom.agc.gov.my ↗

Text as at 1 November 2012 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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