The Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015)
Section 41. Borrowing subject to approval of the Registrar.
A registered co-operative society may receive deposits and may borrow from its members, financial institutions and from persons who are not members to such extent and on such conditions as may be prescribed in the Rules and bye-laws subject to approval of the Registrar.
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