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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.

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