Sri Lanka Consolidated Acts

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Janawasa Law (No. 25 of 1976) - Sect 26

Disposal of profits

26. Every Janawasa shall out of its profits in any financial year, as ascertained by audit made as hereinafter provided, set apart sums to be utilized for the following purposes: -
(a) the development of the Janawasa;
(b) distribution as dividends and interim dividends among members and the payment of bonuses to members;
(c) the welfare of the members;
(d) for general expenditure; and
(e) as a reserve.

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