Bare ActsThe JAMMU AND KASHMIR SELF-RELIANT COOPERATIVES ACT, 1999

Section 39

Mobilization of funds.

Amendment status not verified — confirm the current text below against the official source.

(1) A cooperative may mobilize funds in shape of equity capital, deposits and loans from its members in such form, to such extent and under such conditions as may be specified in the Articles of Association 1 [but shall not incude the bank services]. (2) A cooperative may borrow funds from non-members individuals and institutions to such extent and under such conditions as may be specified in the articles of association.

Section 39 – The JAMMU AND KASHMIR SELF-RELIANT COOPERATIVES ACT, 1999 | DailyLaw.ai