Amendment status not verified — confirm the current text below against the official source.
Creation of Common Pool Fund.- It shall be lawful for the 1[Rajya Dharmika Parishat]1 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) ten percent of the net income in respect of institutions whose gross annual income exceeds rupees ten lakhs; 18 (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.]1 (b) Grants received from the State Government.