Ngos
This query is : Resolved
08 January 2014
1.Can a society registered under cooperative societies act ,give guarantee in respect of term loan taken by another person.
2.Can a society registered under cooperative societies act accept loan from its employees.
2.Can a society registered under cooperative societies act accept loan from its employees.
08 January 2014
Dear Ritika,
the provisions as regards the loans as per the Co-op Societies Act is as follows:
Section 30. Restrictions on borrowing. A registered society shall receive deposits and loans from persons who are not members only to such extent and under such conditions as may be prescribed by the rules or by- laws.
- Ankit
the provisions as regards the loans as per the Co-op Societies Act is as follows:
Section 30. Restrictions on borrowing. A registered society shall receive deposits and loans from persons who are not members only to such extent and under such conditions as may be prescribed by the rules or by- laws.
- Ankit
09 January 2014
and what about guarantee???can it become a guarantor???
09 January 2014
& what is limit for receiving loan & deposits from non-members.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
