Section 24
Power To Issue Debentures And Borrow Loans
An association or society may issue debentures and borrow loans from a native or foreign bank or other body. Provided that, approval of Government of Nepal has to be obtained prior to issuing debentures or borrowing loans.
Cooperatives Act, 2048(1992)
Chapter - 2
Section 3: Formation Of Association Or SocietySection 4: Application For Registration Of Association Or SocietySection 5: Application For Registration Of Association Or SocietySection 6: Powers To Refuse To RegisterSection 7: Association Or Society To Be Body CorporateSection 8: Liability Of Association Or Society To Be Limited
Chapter - 4
Section 12: Bye-lawSection 13: General MeetingSection 14: Functions, Duties And Powers Of General MeetingSection 15: Meetings Of General MeetingSection 16: Board Of DirectorsSection 17: Accounts CommitteeSection 18: Expulsion Of Member Of Board Or Dissolution Of BoardSection 19: Sub-committeesSection 20: Appointment Of Employees And Advisers
Chapter - 6
Section 23: Sale Of SharesSection 24: Power To Issue Debentures And Borrow LoansSection 25: Security Of Government Of Nepal May Be Obtained While Borrowing LoansSection 26: Powers To Carry On Banking TransactionsSection 27: Distribution Of SavingSection 28: Prohibition On Providing Financial AssistanceSection 29: Prohibition On Awarding ContractSection 30: Share Or Right Of Member Not To Be Auctioned