[44A. Power of Committee of co-operative credit structure.
(i) interest rates on deposits and loans, subject to the directives issued by the Reserve Bank of India;
(ii) borrowing, investment, depositing its surplus funds, loaning policies (including individual loans) and other business policies;
(iii) personnel policies including issues relating to recruitment, promotion, staffing, training, posting and compensation to staff as per business requirement of the society;
(iv) internal checks and control systems, appointment of auditors, their compensation and other internal administrative issues; and
(v) borrowing from any financial institution regulated by the Reserve Bank of India, keeping in mind the interest of the society and its members.]
Section 44 • The Gujarat Co-Operative Societies Act, 1961
44. Restriction on borrowings.
the-gujarat-co-operative-societies-act-1961-sec-44.json
•
Section 44
{
"act_title": "The Gujarat Co-Operative Societies Act, 1961",
"act_slug": "the-gujarat-co-operative-societies-act-1961",
"section_label": "Section",
"section": {
"number": "44",
"title": "44. Restriction on borrowings.",
"chapter": null,
"content": "[44A. Power of Committee of co-operative credit structure.\n(i) interest rates on deposits and loans, subject to the directives issued by the Reserve Bank of India;\n(ii) borrowing, investment, depositing its surplus funds, loaning policies (including individual loans) and other business policies;\n(iii) personnel policies including issues relating to recruitment, promotion, staffing, training, posting and compensation to staff as per business requirement of the society;\n(iv) internal checks and control systems, appointment of auditors, their compensation and other internal administrative issues; and\n(v) borrowing from any financial institution regulated by the Reserve Bank of India, keeping in mind the interest of the society and its members.]",
"footnote": "",
"is_definition": false,
"sort_order": 43
},
"prev_section": "43",
"next_section": "45"
}