Bye-law 11Ch.2 · Funds
Restriction on incurring liabilities by the Society
Heading as printed in the official Model Bye-laws.
Official Text
Restriction on incurring liabilities by the Society
11. Deposits from Members and loans may be received by the Society for such period and at such rate of interest and upto such amount and on such terms and conditions as may be determined by the Committee, provided that at no time, the total amount of such liabilities shall exceed the limit prescribed under Rule 35 of the MSCS Rules.
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