section 27
Establishment of Reserve Fund
The Andaman and Nicobar Islands Khadi and Village Industries Board Regulation 1988Corporate198840 sections
Statutory text
(1) The Board may, from time to time, set apart such sums as may be directed by the Administrator to a Reserve Fund. (2) The Reserve Fund shall be maintained in such manner as may be prescribed. (3) The Reserve Fund shall be applied for the purpose of, setting off of irrecoverable loans and losses, and direct trading activities.
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