Restriction on deposits limits multi State co operative societies to accepting funds only from voting members, prohibiting others. Amendment confines the power to "receive deposits" for multi State co operative societies to funds received from its voting members and expressly ... Summary
Restriction on deposits limits multi State co operative societies to accepting funds only from voting members, prohibiting others.
Amendment confines the power to "receive deposits" for multi State co operative societies to funds received from its voting members and expressly clarifies that such societies are not entitled to receive deposits from persons other than voting members, thereby creating an explicit statutory restriction on permissible deposit sources.
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