Section 31Section 31

s. 31

31 (1) The Sangstha shall establish a reserve fund to which shall be credited such amount out of its net annual profit as the Board may determine. (2) After deducting the amount under clause (1) and making provision for bad and doubtful debts, depreciation of assets and such other matters as are usually provided for by bankers or are considered expedient in the interest of the Sangstha, any surplus remaining thereafter shall be [declared as dividends].

1. 64. The words “declared as dividends” were substituted for the words “paid to the Government” by section 17 of the Bangladesh Shilpa Rin Sangstha (Amendment) Act, 1987 (Act No. XIX of 1987)