(i) up to one-third of its reserve fund when the owned capital is less than the borrowed capital;
(ii) up to two-thirds of its reserve fund when the owned capital is equal to or exceeds the borrowed capital; and
(iii) the entire reserve fund when there is no borrowed capital:
Section 58 • The Assam Co-operative Societies Rules, 1953
58. Use of reserve fund in the business of a society.
the-assam-co-operative-societies-rules-1953-1953-sec-58.json
•
Section 58
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"number": "58",
"title": "58. Use of reserve fund in the business of a society.",
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"content": "(i) up to one-third of its reserve fund when the owned capital is less than the borrowed capital;\n(ii) up to two-thirds of its reserve fund when the owned capital is equal to or exceeds the borrowed capital; and\n(iii) the entire reserve fund when there is no borrowed capital:",
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