Restrictions on borrowing

(1) A co-operative society shall receive deposits and loans only to such extent and under such conditions as may be prescribed or as may be specified in the bye-laws. (1) A declaration under clause (i) or (ii) of section 32 shall be made in the Form given in Appendix ‘G’. (2) A register of such declaration to be kept by the co-operative society shall be in the Form given in Appendix ‘H’.