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)
ordinary shares subscribed and paid up by members;
[Act 3 of 2018 wef 10/04/2018]
(ba)
permanent shares subscribed and paid up by institutional members;
[Act 3 of 2018 wef 10/04/2018]
(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.