Capital
66.—(1)  The capital of a society shall be raised by all or any of the following means:
(a)entrance fees which shall not be refundable except in cases where an application for membership has been rejected;
(b)shares subscribed and paid up by members, of which a minimum number prescribed in the by-laws shall only be withdrawable after termination of membership, while shares subscribed in excess of this minimum contribution may be withdrawable and transferable, or either withdrawable or transferable, subject to the provisions of this Act and to any limitation laid down in the by-laws;
(c)in the case of credit societies —
(i)subscription capital; and
(ii)other deposits from members which shall be withdrawable subject to conditions laid down in the by-laws;
(d)[Deleted by Act 23 of 2008]
(e)deposits or loans from non-members subject to such restrictions as are laid down in this Act and in the by-laws;
(f)[Deleted by Act 23 of 2008]
(g)donations made by third persons except that no donations from any foreign source, whether offered directly or otherwise, shall be received by a society without the prior approval of the Registrar.
[23/2008]
(2)  The issue of bonds or debentures by a society shall be subject to the approval of the Registrar.