1[(1) On receipt of the order of the Registrar under sub -section (1) of Section 16 17, the society or the l iquidator, as the case may be, sh all issue notices of the meeting, at the cost of the society, to the creditors or any class of them or the members , as the case may be, stat ing therein the date, t ime and place of the meeting and enclose with such notice the latest audited balance sheet of the Society and shall also send a notice to the Deputy Registrar or Assistant Registrar of Co-operative Societies in charge of the district in which the society is si tuated.
(2) The President of the society or the l iquidator in the case of the society which is being wound up, shall preside over the meeting. The question of compromise or arrangement shall be discussed in all aspects. A compromise or arrangement which appears to be prima facie practical and feasible shall be put to vote. Every creditor or me mber who is present in the meeting shall vote in person and no proxy shall be allowed. List of creditors or members, as the case may be, shall be prepared showing the names of those who approve of the compromise and of those who oppose the compromise and t heir signatures shall be taken.
12-A . (1) Where the Registrar is taking actions under Section 18 -A of the Act, he shall issue a public not ice of the proceedings of the de -registration, to be published in a local daily newspaper and a copy of such notice shall also be given to the affi l iated society and creditor society, if any.
(2) The official assignee appointed under sub -section (2) of Sect ion 18-A, shall be paid such remuneration and allowances as the Registrar ma y determine from time to t ime.
CHAPTER III MEMBERS, THEIR RIGHTS, LIABILITIES AND PRIVILEGES
13. Form of undertaking— A writ ten undertaking under sub -section
(3) of Section 19 shall be in Form E.
14. Conditions to be complied with for admission for membership— No person shall be admitted as a member of a society unless—
(i) he has applied in writ ing in the form laid down by the society or in the form specified by the Registrar, if any, for membership;
( i i) he has purchased at least one share and paid the value thereof in full or in part in such calls as may be decided by the committee or general meeting of the society, as the case may be, according to the bye-laws of the society;
17 (i i i) his application has been approved by the committee or the general meeting of the society, as the case may be, according to the bye-laws of the society;
( iv) he has fulfi l led all other conditions laid down in the Act, the rules and the bye-laws.
14-A. Procedure for admission of minors as members. — In accordance with the procedure laid down in i ts bye -laws and these rules for admission of any member, a society may admit minor acting through guardian appointed by a Court as a member of a society subject to the provisions of the Act and these rules, the members so admitted shall enjoy rights subject to l iabil i t ies through such guardian as are laid down i n the bye-laws of the society.
15. (Omitted)