Capital
66.  The capital of a society may be raised by all or any of the following means:
(a)entrance fees which are not refundable except in cases where an application for membership has been rejected;
(b)ordinary shares subscribed and paid up by members;
(c)permanent shares subscribed and paid up by institutional members;
(d)in the case of credit societies —
(i)subscription capital; and
(ii)other deposits from members which are withdrawable subject to conditions laid down in the by‑laws;
(da)bonds or debentures issued by the society subject to such restrictions as are laid down in this Act and in the by-laws;
[Act 17 of 2024 wef 18/07/2024]
(e)deposits or loans from non-members subject to such restrictions as are laid down in this Act and in the by‑laws;
(f)donations made by third persons except that no donations from any foreign source, whether offered directly or otherwise, may be received by a society without the Registrar’s prior approval.
[Act 17 of 2024 wef 18/07/2024]