State Act
17
Section 17. Creation of Common Pool Fund.
THE HINDU RELIGIOUS INSTITUTIONS AND CHARITABLE ENDOWMENTS ACT, 1997
Act no. 33 of 20012001In forceKarnataka (State Act)
17. Creation of Common Pool Fund.- It shall be lawful for the 1[Rajya Dharmika Parishat]1 to create a fund to be called the Common Pool Fund out of.- 1[(a) contributions made by the notified or declared institutions at the following rate:- (1) ten percent of the net income in respect of institutions whose gross annual income exceeds rupees ten lakhs; (2) five percent of the net income in respect of institutions whose gross annual income exceed rupees five lakhs but does not exceed rupees ten lakhs.]1 (b) Grants received from the State Government.