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Section 44

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

(1) No society whose objects do not include grant of loan or financial accommodation to its members shall grant loans or sanction credit to any member without the sanction of the Registrar:

Provided that any society which has, as one of its objects, supply of goods or services required by members for production purposes, may supply goods or provide services on credit against sufficient security on condition that the cost of the goods supplied or services provided shall be recoverable from the amount of the sale proceeds of the agricultural produce or other goods produced by the member.

Rule 42* Subsection (9) are inserted by TCS (Fourth Amendment) Act 2011.

Conditions to be complied with by members applying for loans.

Credit limits by non-credit soceiies.

29

(2) A consumer society may sell goods on credit to its members and other customers upto the extent of deposits received from them.

Where this provision sits

ActTripura Cooperative Societies Rules 1976 with Amendmend
Section44
JurisdictionState of Tripura
StatusIn force as published by the source

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