Agricultural Credit Act, 1927

Limitations on receipt of deposits by the Corporation.

13.—The Memorandum and Articles of Association of the Corporation shall be so framed and expressed that—

(a) the Corporation shall not be entitled to receive deposits of money or deposits of securities for safe-keeping and management from any persons except co-operative societies, and

(b) that the Corporation shall not be entitled to receive deposits of money repayable on less than thirty days notice or on demand or against cheques.