(j) to borrow from approved financial institutions or other financial agencies,
registered societies, members and others and to secure the payment of money or the
repayment of any debt, liability, contract, guarantee or other engagement incurred
or to be entered into by the Society, on such terms and conditions as the Board of
Directors may deem fit, subject to By-Law 10.6 and Section 68 of the Act;
(k) to enter into agreements with workshops, servicing stations, garages or depots for
the inspection, maintenance, repair, refitting and re-conditioning of the vehicles and
the supply of spare parts, accessories, fuels and lubricants and in general to carry
on such other businesses as are in line with the business and objects of the Society
and as the Board of Directors may deem necessary and expedient;
(1) to enter into business and financial arrangements of any kind, including but not
limited to joint-venture, rental agreements and employment agreements for such
purposes directly or indirectly or in any way connected with or ancillary to the
business of the Society, with non-members and any organisations or persons;
(m) to appoint authorised franchisees, licensees, agents and independent contractors to
use the names, logos, marks and/or facilities of the Society pursuant to any business
arrangements entered into by the Society under the provisions of these By-Laws;
(n) to accept, receive and acquire funds, stocks and other property by way of
donations, bequests, devises, loans or other means and to use, hold, invest,
reinvest, pledge, sell, transfer, lend or otherwise dispose of the same, subject to the
Registrar's approval regarding the investment of the Society's funds and subject to
the limit on the Society's borrowing as notified from time to time to the Registrar,
and to fix, charge, levy and collect such fees and other payments for the use of the
Society's vehicles and ancillary services as shall be commensurate with the
Society's co-operative objectives;
(o) to sell, develop, lease, mortgage, dispose of or otherwise deal with all or any part
of the property of the Society;
(p) to adapt, alter, vary, cancel, replace and enforce any or all of these By-Laws of the
Society for the requirements of the Society and to make, adapt, alter, vary, cancel,
replace and enforce schemes, rules, regulations and By-Laws for the carrying on of
the business operations and subsidiary undertakings of the Society; and
(q) to do all such things as are necessary, incidental or conducive to the attainment of
the objects of the Society. .
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