THE DELHI CO-OPERATIVE SOCIETIES ACT, 1972 · PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES

Section 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.