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Bare acts > State Financial Corporations Act, 1951 > Section 35
 
  


 

35. Disposal of profits.- (1) The Financial Corporation shall establish a reserve fund.


(2) After making provision for bad and doubtful debts, depreciation of assets and all other matters which are usually provided for by banking companies, the Financial Corporation may out of its net annual profits declare a dividend :

[Proviso omitted vide State Financial Corporations Amendment Act, 2000, section 22]

 

 

 

 

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