Section 57
DCS Act 2003Union territory Act of Delhi · Act 149 of 2005
(1) A co-operative society shall not make a loan to any person other than a member:
Provided that with the general or special sanction of the Registrar, a cooperative society may make a loan to another co-operative society :
Provided further that the co-operative bank shall make loans and advances as per directions of the Reserve Bank from time to time.
(2) Notwithstanding anything contained in sub-section (1), a co-operative society may make a loan to a depositor within his deposit on its security.
Restrictions on borrowings.
Where this provision sits
| Act | DCS Act 2003 |
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| Section | 57 |
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| Jurisdiction | Union territory of Delhi |
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| Status | In force as published by the source |
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