(1) No member of a registered society shall, save as otherwise provided in sub-section (2), exercise the rights of a member unless or until he has made such payment to the society in respect of membership or acquired such interest in the society as may be pi escribed by the rules and by-laws.
(2) The persons who have signed the application to register the society may elect a committee to conduct the affairs of +he society for a period of three months from the date of registration or for such further period as the Registrar may consider desirable:
Provided that the committee shall cease to function as soon as the members of the society have elected a committee in accordance with its by-laws.
Member not to exercise rights till due payment made.