The Puducherry Co-Operative Societies Act, 1972Union territory Act of Puducherry · Act 7 of 1973
(1) No society shall make a loan to any person other than a member, or on the security of its own shares, or on the security of any person who is not a member-
Provided that, with the special sanction of the Registrar a registered society may make loans to another registered society:
Provided further that a registered society may make such loans as may be specifie