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NCT Delhi - Section

Section 50 in Delhi Co-operative Societies Act, 1972

50. Restrictions on loans.

(1)A co-operative society shall not make a loan to any person other than a member:Provided that with the general or special sanction of the Registrar a co-operative society may make a loan to another co-operative society.
(2)Notwithstanding anything contained in sub-section (1), a co-operative society may make a loan to a depositor within his deposit on its security.