Amendment status not verified — confirm the current text below against the official source.
After, providing for the reserve fund as provided in section 67 and for the educational fund as provided in section 69, a society may set aside a sum not exceeding twenty percent of its net profits and utilize, with the approval of such federal society as may be notified by the Government in this behalf from time to time the whole or part of such sum in contrib- uting to any co-operative purpose or to any charitable purpose within the meaning of section 2 of the Charitable Endowments Act, 1890, or to any other public purpose.