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Section 43

Tripura Cooperative Societies Rules 1976 with AmendmendState Rules of Tripura · 1974

(1) Every member of a society applying for a loan from the society shall be required to hold shares in such manner and in such proportion to the amount of loan applied for by him as may be specified in the byelaws of the society.

(2) Subject to the maximum limit specified in the bye-laws, a loan to be granted to a member of a resource society and the period of its repayment shall be in accordance with the standard laid down by the Registrar in consultation with the State Co-operative Bank and the federal society. A loan in excess of the maximum amount may be granted to a member with the previous sanction of the State Co-operative Bank and the federal society to which the society is affiliated:

Provided that, where the amount of the loan exceeds twice the maximum limit contained in the bye-laws, prior sanction of the Registrar shall also be obtained.

Where this provision sits

ActTripura Cooperative Societies Rules 1976 with Amendmend
Section43
JurisdictionState of Tripura
StatusIn force as published by the source

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