Article 6 Specification of general provisions for bad debt

The amount of any general provisions for bad and doubtful debts within the meaning of the Accounts Regulations made in the latest annual accounts of a society (or the amount of any such provision made in the accounting records of the society for the time being, if less) is specified as general provisions for bad debt to be aggregated with the reserves of that society for the purpose of the first criterion in section 45(3) of the Act, to the extent set out in Article 7 below.