Act Number: 35

Act Name: The Delhi Co-operative Societies Act, 1972

Year: 1972

Enactment Date: 1972-06-17

Long Title: An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.

Ministry: Ministry of Agriculture and Farmers Welfare

Department: Department of Agriculture, Cooperation and Farmers Welfare

Section 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.
     (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.
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