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State of Jammu-Kashmir - Section

Section 34 in Jammu and Kashmir Co-operative Societies Rules, 2001

34. Transactions with Non-members

- No Co-operative Society shall enter into any transaction with a person other than a member except for the furtherance of the business of the society and those referred to in sections 61 and 62 unless:-
(a)the bye-laws of the society permit it to enter into such transaction, and
(b)previous sanction of the Registrar has been obtained by the society and also permitted by the resulting of society.