Model Bye–Laws of Cooperative Housing Society

VI. FUNDS, THEIR UTILISATION AND INVESTMENT

(C) Limit of Liabilities (Bye Law No 11)

Bye Law No 11. Restrictions on incurring liabilities by the Society

Deposits from Members and loans may be received by the Society for such period and at such rate of interest and upto such amount and on such terms and conditions as may be determined by the Committee, provided that at no time, the total amount of such liabilities shall exceed the limit prescribed under Rule 35 of the MSCS Rules.

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