[67A. Bad Debt Reserve Fund.
(a) the balance of bad debts, if any, remaining after first writing them off under sub-section (3); and
(b) all losses incurred by a society including those suffered on account of settlement of disputes under Section 98 which are certified as such by a certified auditor, may be written off against the reserve fund maintained under Section 67 to the extent of not more than thirty per cent of the balance in that fund :
[68. Restriction on dividend.
[69. Contribution to education fund of the Gujarat State Co-operative Union.
Section 67 • The Gujarat Co-Operative Societies Act, 1961
67. Reserve fund.
the-gujarat-co-operative-societies-act-1961-sec-67.json
•
Section 67
{
"act_title": "The Gujarat Co-Operative Societies Act, 1961",
"act_slug": "the-gujarat-co-operative-societies-act-1961",
"section_label": "Section",
"section": {
"number": "67",
"title": "67. Reserve fund.",
"chapter": null,
"content": "[67A. Bad Debt Reserve Fund.\n(a) the balance of bad debts, if any, remaining after first writing them off under sub-section (3); and\n(b) all losses incurred by a society including those suffered on account of settlement of disputes under Section 98 which are certified as such by a certified auditor, may be written off against the reserve fund maintained under Section 67 to the extent of not more than thirty per cent of the balance in that fund :\n[68. Restriction on dividend.\n[69. Contribution to education fund of the Gujarat State Co-operative Union.",
"footnote": "",
"is_definition": false,
"sort_order": 66
},
"prev_section": "66",
"next_section": "70"
}