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Section 50 – The Delhi Co-Operative Societies Act,1972

The Delhi Co-Operative Societies Act,1972

50. Restrictions on loans.-

(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 co-operative society may make a loan to another co-operative society.

Notwithstanding anything contained in sub section (1) a co-operative society may make a loan to a depositor within his deposit on its security.

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The Delhi Co-Opearative Societies Act,1972

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