Creation of Common Pool Fund

Creation of Common Pool Fund.- It shall be lawful for the Rajya Dharmika Parishat to create a fund to be called the Common Pool Fund out of.-

1. (a) contributions made by the notified or declared institutions at the following rate:-

1. (1) ten percent of the net income in respect of institutions whose gross annual income exceeds rupees ten lakhs;
2. (2) five percent of the net income in respect of institutions whose gross annual income exceed rupees five lakhs but does not exceed rupees ten lakhs.
   • (b) Grants received from the State Government.