IREC Rule No.907: Subscribers Account

907.  Subscriber’s Accounts:-

An account shall be opened in the name of each subscriber in which shall be credited;

(i)   His subscriptions;

(ii)    The contribution, if any, made under Rules 912 and 914;

(iii)   The interest, as provided by Rule 920 on the subscriptions and contributions;

(iv) Incentive bonus as provided by Rule 921 on the subscriptions (including voluntary subscriptions);

(v)  The special contribution made under Rule 915.  

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