Amendment status not verified — confirm the current text below against the official source.
( 1 ) Subject to the provisions of rules made under sub-section ( 2 ) of section 38, the committee may by by-laws made for the purpose, constitute special funds and credit to such funds such portions of the Market Fund as may be determined by such by-laws. Such special funds may include,- ( i ) a Depreciation Fund ; ( ii ) a Provident Fund ; ( iii ) a Pension Fund ; ( iv ) an Employees Welfare Fund ; ( v ) a General Reserve Fund. ( 2 ) Every such fund shall form part of the Market Fund and shall be held and applied by the committee for the purposes for which such fund has been constituted.