SOURCES OF FUNDS :
Subject to the provisions of the Act, the Rules and these Byelaws, the fund of the Society may be raised by –
issuing shares.
receiving deposits from Members including Nominal Members.
taking loan from Financing Bank, Steel Authority of India Limited and other sources.
obtaining grants, donations and subsidies from Government, Steel Authority of India Limited and other sources.
EMPLOYMENT OF FUNDS :
The fund of the Society be applied in –
giving Loans & Advances to Members.
making investments for the benefit of the Members
purchasing land and buildings and the construction of buildings for Office and other purposes necessary for the proper conduct of business.
paying the establishment and contingent charges, interest, bonus, audit fee and all other usual working charges
creation of “Reserve”, “Bad Debt” and other funds and in payment of Dividend, Bonus, Remuneration
any other purposes incidental or conducive to the attainment of objects.