(1) No individual or primary co-operative society shall become member of another primary co-operative society or two Federal/ Central/ Apex Society/ Financing Bank of the same class. If an individual or primary cooperative society has become a member of two Apex/ Federal/ Central/ /Financing Bank, his membership of the society lastly enrolled, shall stands ceased. However, the individual or primary co-operative society shall have a right to appeal to the Registrar against the order of the cooperative society within thirty days after the receipt of the order of the termination of membership. The decision of the Registrar shall be final and binding on all concerned:
Provided that the membership of the Apex/ Federal / Central/ Financing Bank shall be restricted to the primary societies of the same category for which the such Federation has been registered.
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(2) Society shall cease to be a member of a Federal/ Apex or Central Society on the following grounds:-
(a) On being member of any other federal society of the same class.
(b) On being a defunct society.
(c) On liquidation/cancellation of the registration; or
(d) On Failure to pay annual subscription continuously for three or more years.
24. Admission of members before meeting of its general body; No co-operative society shall admit members within thirty days prior to the date of a meeting of its general body.
25. Disposal of application for admission of member.
(1) On receipt of an application for membership, the co-operative society shall enter particulars of the application in the register of applications in the following form, giving a serial number to the application and shall issue a receipt in acknowledgement thereof:- ___________________________________________________________________ S.No. Date of Name & Address Decision of the Date of Receipt of applicant committee resolution of application of the committee ___________________________________________________________________
(1) (2) (3) (4) (5) ___________________________________________________________________
Provided that in case of housing societies, details regarding category of flat applied for and details of nomination including relation with applicant shall also entered in the register.
(2) A cooperative society shall dispose off an application received for admission as member as early as possible but in no case later than forty five days from the date of its receipt. In case the committee decides not to admit the applicant as member of the co-operative society, the co-operative society shall communicate its decision together with the reasons thereof to the applicant immediately, thereafter, in writing either in person or through Registered Post provided that in case of the Federal Society or Financing Bank, period of disposing off an application from the date of its receipt shall be ninety days.
(3) The appeal to the Registrar against the order for refusal to admit a member shall be made within a period of thirty days of the date of communication of refusal.
(4) A person whose application for membership has been approved by a committee shall deposit the membership fee and the amount of qualifying share (s) necessary to become a member within fourteen days of the information of admission as member of the co-operative society, sent to him in person-or by registered post.The amount should be deposited by Demand Draft/Banker’s Cheque/Pay Order only. If no such amount is deposited within the stipulated period, the resolution of committee approving the membership of the person concerned shall become void and in-operative.
In case of co-operative housing societies managing committee shall endorse a copy of managing committee resolution passed under sub-rule (2) within twenty one days to the 19 Registrar. The resolution shall become final after a period of sixty days of conveying and receipt of the same in the office of the Registrar. In the event Registrar not agreeing to the enrolment of an individual for one reason or the other as may be relevant with reference to the provisions of law, the provisional enrolment will automatically become invalid.
26. Withdrawal of members
(1) Subject to the provisions of the Act, these rules and the bye-laws of a co-operative society, a member may withdraw his membership by submitting a resignation in writing to the society and the committee shall dispose off his resignation within forty five days after receipt of the resignation.
(2) No resignation of a member shall be accepted by the co-operative society unless the member has paid in full his dues, if any, to the co-operative society and has also cleared his liability, if any, as surety to any other member.
In case of co-operative housing societies committee shall endorse a copy of resolution under sub-rule (2) within twenty one days to the Registrar.
(3) Any member, whose resignation has been accepted by the co-operative housing society, or any heir or legal representative of a deceased member, may demand refund of the share capital held by such member or deceased member and the co-operative society shall, subject to the provisions of section 27 or section 28, as the case may be and subject to the provisions of the bye-laws, refund the amount within ninety days after the acceptance of resignation or as the case may be, the date of demand by the heir or legal representative of the deceased member. Intimation regarding acceptance of resignation shall be sent by registered post to the member and in case of cooperative housing society a copy of the same shall also be sent to Registrar.
(4) In all cases where share capital is to be refunded, valuation of the shares shall be made in accordance with the provisions contained in rule 27
(5) Irrespective of the nature of liability of a co-operative society, the share capital subscribed by the Government in a co-operative society or by a Apex/ Federal/ Central will be retrieved in such a manner and during such period as may be determined by the Registrar from time to time.