# 47 Allocation of surplus profits
1[47. Allocation of surplus profits.--After making provision for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation fund 2[and for all other matters for which provision is to be made by or under this Act or which] are usually provided for by bankers, the balance, of the profits shall be paid to the Central Government.]
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1. Subs. by Act 62 of 1948, s. 7 and the Schedule, for section 47 (w.e.f. 1-1-1949).
2. Subs. by Act 24 of 1955, s. 8, for "and such other contingencies as" (w.e.f. 8-5-1955).
GENERAL PROVISIONS
46
Contribution by Central Government to the Reserve Fund46A
Contribution to National Rural Credit (Long Term Operations) Fund and Nation al Rural Credit (Stabilisation) Fund46C
National Industrial Credit (Long Term Operations) Fund46D
National Housing Credit (Long Term Operations) Fund48
Exemption of Banks from income-tax and super-tax49
Publication of Bank rate50
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