(1) to show cause within a reasonable time specified in the notice why the loan shall not be recalled;
(2) where no cause is shown to the satisfaction of the society within the specified period, the managing body may recall the loan and if the loan is not refunded immediately it shall apply to the Registrar for an award under Section 70 in order to recover the loan.
Section 18 • The Assam Co-operative Societies Rules, 1953
18. The manner of recalling a loan not utilised for the purpose for which advanced.
the-assam-co-operative-societies-rules-1953-1953-sec-18.json
•
Section 18
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"title": "18. The manner of recalling a loan not utilised for the purpose for which advanced.",
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"content": "(1) to show cause within a reasonable time specified in the notice why the loan shall not be recalled;\n(2) where no cause is shown to the satisfaction of the society within the specified period, the managing body may recall the loan and if the loan is not refunded immediately it shall apply to the Registrar for an award under Section 70 in order to recover the loan.",
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