Section 50
Restrictions on loans.
The Delhi Co-operative Societies Act, 1972
About this Act
An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.
(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.
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.