28A. Profits from any business (other than life insurance business) how to be utilised
[28A. Profits from any business (other than life insurance business) how to be utilised.—If for any financial year profits accrue from any business (other than life insurance business) carried on by the Corporation, then, after making provision for reserves and other matters for which provision is necessary or expedient, the balance of such profits shall be [allocated to or reserved for the members].]
Amendment notes (2)
- Ins w.e.f. 29-9-1965 . Ins. by Act 33 of 1965, s. 4 (w.e.f. 29-9-1965).
- Subs w.e.f. 30-6-2021 . Subs. by Act 13 of 2021, s. 141, for "paid to the Central Government" (w.e.f. 30-6-2021).