(1)Every member of a society shall exercise his vote in person.
(2)Notwithstanding anything contained in sub-section (1), a society or corporation or a statutory or non-statutory Board, Committee or other body of persons which is a member of another society may, subject to any rules made under this Act, appoint one of its members to vote on its behalf in the affairs of that other society.
31 inserted by Act 15 of 1997 31a substituted by Act 1 of 2000 31b substituted & 31c omitted by Act 3 of 2002
31c. Inserted by Act 1 of 2000 and omitted by Act 3 of 2002. Provided further that the procedure and manner in which an active member may be identified shall be such as may be prescribed.
Explanation-For the purpose of this section, active member means,-
(i) in the case of a credit society, a member who has made a deposit or has become a borrower or surety or has attended any general body meeting of the society during the period of five years immediately preceding the date of resolution of the committee for the conduct of election;
(ii) in the case of any other society, a member who has involved in all or any of the objects of the society specified in the bye-laws thereof during the period of five years immediately preceding the date of resolution of the committee for the conduct of election.” file:///home/user/Desktop/share/B/2022/B1/..%2FKCS%20Act%20&%20Amendment%20-%20Copy%2FAmendment%203-%202002.pdf file:///home/user/Desktop/share/B/2022/B1/..%2FKCS%20Act%20&%20Amendment%20-%20Copy%2FAmendment%201-%202000.pdf file:///home/user/Desktop/share/B/2022/B1/..%2FKCS%20Act%20&%20Amendment%20-%20Copy%2FAmendment%2015-1997.pdf 32[22.Restriction on holding shares.-In any society, no member other than the Government, any statutory or non- statutory Board, Committee or Corporation approved by the Government in this behalf or any other society, shall hold more than such portion of the total share capital of the society, not exceeding one fifth thereof, as may be prescribed:
Provided that the Government may, by notification in the Gazette, specify in respect of any class of societies a higher maximum than one fifth of the share capital.]