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        Trust and Society

        Section 30 - Restrictions on borrowing

        Co-operative Societies Act, 1912
        Chapter VI
        Property and funds of registered societies

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        Restrictions on borrowing: non-member deposits and loans permitted only under prescribed society rules and by laws. A registered society may accept deposits and loans from persons who are not members only to the extent and under the conditions prescribed by the society's rules or by laws; permissibility of external borrowing is therefore conditional on and governed by those internal instruments.
                          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.

                              Restrictions on borrowing: non-member deposits and loans permitted only under prescribed society rules and by laws.

                              A registered society may accept deposits and loans from persons who are not members only to the extent and under the conditions prescribed by the society's rules or by laws; permissibility of external borrowing is therefore conditional on and governed by those internal instruments.


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