law: Multi-State Cooperative Societies Act, 1984 
  64. Restrictions on
  
  borrowing.- 
  
  A multi-State
  
  cooperative society shall receive deposits and loans only to such extent and
  
  under such conditions as may be specified in the bye-laws;
  Provided
  
  that  
  
  a cooperative bank shall be governed by the provisions of the Banking
  
  Regulation Act, 1949.