(1) A co-operative society shall not make a loan to any person Re ronons |

(1) A cO-operative society shall not make a loan to any person other than a member ; provided that with a general or Special sanction of the Registrar, 3, 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 sec urity.