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of <h1>Co-operative Societies Act, 1912: Section 29 restricts loans to non-members without approval; regulates lending on movable and immovable properties.</h1> Section 29 of the Co-operative Societies Act, 1912, restricts registered societies from making loans to non-members, unless approved by the Registrar. Societies with unlimited liability are prohibited from lending money secured by movable property without the Registrar's approval. Additionally, the State Government can issue orders to prohibit or limit registered societies from lending money on mortgages of immovable property. These provisions aim to regulate the financial activities of co-operative societies, ensuring loans are primarily directed to members and that lending practices are subject to oversight.
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