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of <h1>Registered Societies Can Donate Up to 10% of Net Profits to Charity Under Section 34, Post-Reserve Allocation Approval Required.</h1> Section 34 of the Co-operative Societies Act, 1912, allows registered societies to contribute up to ten percent of their remaining net profits to charitable purposes, as defined in the Charitable Endowments Act, 1890. This contribution can only be made after allocating one-fourth of the net profits to a reserve fund and requires the sanction of the Registrar.
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