21. The following one is not true in respect of A society :
It shall, out of its net profits in any year,
(A) Transfer an amount not being less than fifteen per cent of the net profits to the reserve
fund;
8) Credit such portion of the net profits, not exceeding five per cent, as may be
prescribed, to the Co-operative Education Fund referred to in clause (xix) of
subsection (2) of Section 109.
(C) Pay, in the case of a Central Society, including a Distr....
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