Restrictions on borrowing: co operative societies limited in taking deposits, loans and issuing debentures under capital linked ceilings. A multi State co operative society may receive deposits from voting members, raise loans and receive grants under bye laws, subject to a statutory ceiling on total deposits and loans measured against subscribed share capital and accumulated reserves after deducting accumulated losses. Societies may accept or borrow funds on mutually agreed terms, and may issue non convertible debentures or similar instruments to raise resources subject to applicable law and a prescribed limit relative to paid up share capital.