Loan restrictions for registered societies limit lending to members and require Registrar's sanction for certain securities. Registered societies may not make loans to non-members; loans to another registered society require the Registrar's sanction. Societies with unlimited liability may not lend on security of movable property without the Registrar's sanction. The State Government may prohibit or restrict lending on mortgage of immovable property by any registered society or class of societies by general or special order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Loan restrictions for registered societies limit lending to members and require Registrar's sanction for certain securities.
Registered societies may not make loans to non-members; loans to another registered society require the Registrar's sanction. Societies with unlimited liability may not lend on security of movable property without the Registrar's sanction. The State Government may prohibit or restrict lending on mortgage of immovable property by any registered society or class of societies by general or special order.
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