Bare ActsThe Regional Rural Banks Act, 1976

Section 21

Disposal of profits.

Amendment status not verified — confirm the current text below against the official source.

After making provisions for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation funds and all other matters for which provision is, under law, necessary or which are usually provided for by banking companies, a Regional Rural Bank may, out of its net profits, declare a dividend.

Section 21 – The Regional Rural Banks Act, 1976 | DailyLaw.ai