Section 10: Subject to the provision of the State Cooperative Societies Act any member shall be expelled by a resolution of 3/4th member present at the General Meeting and voting for any of the following reasons
Bye laws of MilkfedState Regulations of Punjab · 1961
10.1 If the member is a persistant defaulter and habitually fails to carry out his obligations to the Federation.
10.2 If the member wilfully deceives the Federation by false statements.
10.3 If any member does any act likely to injure the reputation of the Federation. The Board of Directors shall give such member 15 days written notice of the proposal to expell the member. Expulsion may involve forfeiture of all shares held by the member.
11. The member may transfer the share(s) over and above the maximum limit after holding for at least one year to another member with the approval of Board of Directors of the Federation. No transfer shall be considered complete, until the name of transferee has been entered into the share transfer register and a fee of Rs.5.00 per share has been paid.
Subject to the provision of the State Cooperative Societies Act any member shall be expelled by a resolution of 3/4th member present at the General Meeting and voting for any of the following reasons
Jurisdiction
State of Punjab
Status
In force as published by the source
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