Inter-society lending

No co-operative society shall give to or receive from any other co-operative society loans, advances or deposits except according to the provisions of the Act, Rules or the Bye-laws of the society concerned or except where prior approval of the Registrar has been obtained for such transactions by general or special order. A District Co-operative Bank may receive deposits from other District Co-operative Bank or Apex Co-operative Bank with prior permission of Registrar.