Housing Development Agency Act, 2008
R 385
Co-operatives Act, 2005 (Act No. 14 of 2005)SchedulesSchedule 1 : Special Provisions Relating to Certain Kinds of Co-operativesPart 5 : Social Co-operatives3. Surplus |
A social co-operative may—
| (a) | set aside 100 per cent of its surplus to an indivisible reserve; and |
| (b) | capitalise all donations and grants, in order to enjoy the benefits of public benefit organisations. |
[Item 3 of Part 5 of Schedule 1 inserted by section 75 of Notice No. 558, GG 36729, dated 5 August 2013]
