# DCS Act 2003, Section 57

- Act: DCS Act 2003 (Act 149 of 2005)
- Source URL: https://indiacode.ecourtsindia.com/dcs-act-2003/section/57/

## Text

(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 : Provided further that the co-operative bank shall make loans and advances as per directions of the Reserve Bank from time to time. odes and advances as (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. Restrictions on borrowings.

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