Aggregation of losses in case of change in constitution of unincorporated body.

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....ing on the date of the retirement, or death, of a participant, shall be reduced by the amount in proportion of the share of the retired, or deceased, participant.      (2) The amount so reduced under sub-section (1) shall be the unabsorbed preceding rated body. year loss from ordinary sources, for the financial year beginning on the date immediately following the d....