A registrar of co-operative society may need funds for satisfactorily carrying out its objects and it may than the paid up share capital of the society. In order to raise additional funds the society it may raise funds by issue of debentures and bonds if such issue is under the bye-laws. The society may after obtaining approval of the Registers, regulations regarding the maximum amount to be raised by the issue of de bonds, class or classes of debentures of bonds, the face value of each debentures and the rate on which interest is payable apart from the terms and conditions transfer of debentures and other incidental matters. Where the society is issuing debentures to non-members the maximum amount which the multi state cooperative society can borrow exceed the maximum credit limit'. However, for raising funds from the members does not apply although the approval of the Registrar is required, before are debentures. Where the society is accepting deposits and loans from members in Mel the excess amount is to be deposited in an account with the financing bank be invested in the Government securities specified in Section  of the Indian 1882 and the amount so deposited or invested cannot be withdrawn or otherwise except for the payment of deposits accepted in excess of the limit.neneficiary member of the primary borrowing society shall have to purchase zero of shares of the primary society which may qualify the society to obtain loan &bull with the norms laid down under Rule 68(2)(iii) of the Delhi cooperative society.

According to the said rule, against one share of the value of Rs. 100 entitled for a loan unto 20'times i.e. Rs. 2000. Likewise, if the loan requirement 20 shares of the value of Rs. 100 each i.e. shares of worth Rs. 2000 which will amount of one share already purchased the sum total of the share to be held by beneficiary members will make the total share capital of the borrowing society of which the Maximum Credit Limit of the said society will be determined. On the money for the purchase of these additional shares the Primary Society will anal shares to the individual beneficiary members and enter them in the share register. The up-to-date audits the society conducted and attach a copy of the latest audited eat and up-to-date provisional balance sheet also, along with the application for on completion of the above formalities. a meeting of the Managing Committee society be convened to make recommendation for the General Body meeting of the to fix the Maximum Credit Limit of the Society in accordance with said Rule 68(2) hee-Haws of the Society. Draft of the resolution is at Annexure B to Appendix.