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of <h1>Section 67: Multi-State Co-Op Societies' Borrowing Limits Detailed; Deposits, Loans, and Debentures Regulated by Central Government.</h1> Section 67 of the Multi-State Co-Operative Societies Act, 2002, outlines borrowing restrictions for multi-state co-operative societies. These societies can receive deposits from voting members, raise loans, and accept grants under conditions specified in their bye-laws. The total deposits and loans in any financial year must not exceed a multiple, determined by the Central Government, of the subscribed share capital and accumulated reserves, with accumulated losses deducted from this sum. Societies may also borrow funds or issue non-convertible debentures up to 25% of their paid-up share capital, adhering to applicable laws.
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