State Act
140
Section 140. Borrowing and Investment.
THE ARUNACHAL PRADESH COOPERATIVE SOCIETIES ACT
Act no. 3 of 19791979In forceArunachal Pradesh (State Act)
140. The Committee of a Society in Co-operative Credit Structure shall have power : (a) To borrow from any bank or financial institution regulated by the Reserve Bank and avail refinance from the National Bank or any other refinancing body directly or through any financial institution regulated by the Reserve Bank. (b) To keep its deposits and invest its surplus in any Bank or financial institution regulated by the Reserve Bank taking into account the interest of the Society and its members.