Section 45: Restrictions on making loans

Q: What does Section 45 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) deal with?

Section 45 TMSCHSA pertains to "Restrictions on making loans". It is part of the The Multi-State Co-operative Housing Societies Act, a legislation enacted by the Parliament of India. Section 45 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs restrictions on making loans. As verified on 19 May 2026.

Q: Is Section 45 TMSCHSA still in force?

Yes, Section 45 of the The Multi-State Co-operative Housing Societies Act is currently in force across the Republic of India.

Q: What is धारा 45 TMSCHSA?

धारा 45 TMSCHSA is the Devanagari Hindi reference for Section 45 of the The Multi-State Co-operative Housing Societies Act. Section 45 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs restrictions on making loans. As verified on 19 May 2026.

Q: What is Dhara 45 TMSCHSA?

Dhara 45 TMSCHSA is the Roman Hindi reference for Section 45 of the The Multi-State Co-operative Housing Societies Act. "Dhara" means "Section" in Hindi. Section 45 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs restrictions on making loans. As verified on 19 May 2026.

Q: How to cite Section 45 of The Multi-State Co-operative Housing Societies Act?

Cite as: "Section 45, The Multi-State Co-operative Housing Societies Act (TMSCHSA)" in legal briefs. For academic writing, use the BlueBook format: The Multi-State Co-operative Housing Societies Act, § 45 (India).

Law on Tips Editorial Board

(1)

No society shall make a loan to any person other than a member, or on the security of its own shares, or on the security of any person who is not a member :

Provided that, with the special sanction of the Registrar, a society may make loans to another society.

(2)

Notwithstanding anything contained in sub-section (1), a society may make a loan to a depositor on the security of his deposit.

(3)

[ Notwithstanding anything contained in this Act, no person or group of persons other than a member or members shall be eligible to borrow from or make deposit in a Primary Agricultural Credit Co-operative Society.] [Added by Gujarat 1 of 2008, Sec. 8 (w.e.f. 8.10.2007).]