All 174 bye-laws / Chapter XIV – Appropriation of Profits
147
Bye-law No. 147
Appropriation of profits
Summary
25% of net profit goes to the Reserve Fund. From the remaining 75%: dividend up to 15% on paid-up capital, honorarium to office bearers up to 15% of net surplus, a common welfare fund, and the balance carried forward — as approved by the AGM.