Amendment of Section 36

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..... ciety to effect or to keep in force an insurance on the life of the cattle owned by a member of a co-operative society, being a primary society engaged in supplying milk raised by its members to such federal milk co-operative society; ; (b) after clause (vii), the following clause shall be inserted namely :- (viia) in respect of any provision for bad and doubtful debts made by a scheduled bank in .....

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..... such reserve account : , the following shall be substituted, namely :- agricultural development in India or by a public company formed and registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes, an amount not exceeding forty per cent. of the total income (computed before making an .....

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