(1) Every application for registration under sub -section (1) of Section 7 shall be accompanied by bye -laws dealing with the following mat ters : —
(a) the name, address and area of operation of the society;
(b) objects of the society;
(c) the services to be provided to i ts members;
(d) the eligibil i ty for obtaining membership;
(e) the procedure for obtaining membership;
(f) the terms and conditions for continuing as member;
(g) the t ime l imit before which a potential member must seek and obtain membership in order to continue to use the services of the society;
(h) the procedure for withdrawal/transfer of membership;
( i) the procedure for termination and cessation of membership;
( j ) the rights of members;
(k) the fixation of minimum performance required annually of each member vis -a-vis use of services , f inancial commitment and participation in meetings, in order to be el igible to exercise the right of membership including the right of vote;
(1) the consequences of default in payment of any sum due to a member;
(m) the nature and amount of capital , if any, of the society;
(n) the maximum capital to which a single member can subscribe;
(o) the nature and extent of the l iabil ity of the members for the debts contracted by the society;
(p) the sources and types of funds to be raised by the society;
(q) the purposes for which the funds may be applied;
(r) the extent and conditions under which deposits, loans, debentures and other funds may be mobilised;
(s) the conditions and purposes for which State aid and aid from other financial insti tutions may be obtained;
( t) the manner of disposal of surplus;
(u) the consti tutions of var ious funds, reserves and their purposes;
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(v) the manner of convening general and other special meetings and quorum thereof;
(w) the frequency of general meetings;
(x) the role of the general body and subjects which shall be dealt with by the general body;
(y) the manner of making or amending byelaws;
(z) the procedure for conducting elections;
(aa) the procedure for conducting election in case the Registrar fails to do so;
(bb) the consti tution of the board of directors;
(cc) el igibil i ty for becoming director;
(dd) conditions for retaining directorship;
(ee) the terms of office of the directors, chairman and office bearers;
(ff) the procedure for removal of Chairman, office bearers, directors and for fi l l ing of vacancies;
(gg) the manner of convening the board meet ings and i ts quorum;
(hh) the frequency of board meetings;
( i i) powers and functions of office bearers including chairman;
( j j) powers and functions of Chief executive;
(kk) penalt ies for acting against the interest of members and for non - fulfi lment of duties by members, directors and staff;
(11) the appointment and role of auditors and procedure for conduct of audit where the society fails to make necessary arrangements and t ime l imit for audi t compliance;
(mm) the authorisation of an officer or officers to sign documents and to insti tute and defend suits and other legal proceedings on behalf of the society;
(nn) the terms on which a society may deal with non -members;
(oo) the terms on which a society may associate with other co - operative societies;
(pp) the terms on which a society may deal with other than cooperative;
(qq) the rights, if any, which the society may confer on any society or other federations and the circumstances under which these rights may be exercised by the federation/s;
(rr) the manner of disposal of funds under l iquidation;
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(ss) the accounting year for the society;
( t t) the transfer of shares and interest in the name of a nominee in case of death of a member;
(uu) the procedure of dissolution of the society;
(vv) the restrict ion, if any, on services to non -members;
(ww) to organise self -help groups of people l iving in i ts area and to conduct education and training programmes.
(2) The byelaws of a socie ty may provide for such other matters not specified above, as are incidental to the organisation of the society and the management of i ts business.