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Section 7: � Members shall be required to pay annual subscrip�on on the following rates

Bye laws of PuncofedState Regulations of Punjab · 1961

i) � Apex Coopera�ve Socie�es with working capital not exceeding to Rs.50 lacs - Rs.1500/- ii) � Apex Coopera�ve Socie�es with working capital exceeding Rs.50 lacs but not exceeding Rs. 5.00 crores - Rs.5000/-.

iii) � Apex Coopera�ve Socie�es with working capital exceeding Rs.5.00 crores Rs.10000/- iv) � District Coopera�ve Unions Rs.500/-

8. � The annual subscrip�on shall fall due on Ist April and shall be payable within two months. Members whose subscrip�ons are not received by 31st May shall not be allowed to exercise the right of vo�ng nor shall they be eligible for elec�on to the board or any sub-commi�ee of the Federa�on.

9. � Every member shall pay an admission fee of Rs.10/- on admission and shall take at least one share payable in lumpsum.

10. � Applica�on for membership shall be addressed to the Managing Director. Every such applica�on shall be disposed off by the Board within one month of the receipt of applica�on.

11. � A member may withdraw from the membership of the Federa�on with previous permission of the Registrar and a�er giving six month’s no�ce to the Managing Director provided that the member withdrawing has cleared of all dues and discharged all his obliga�ons towards the Federa�on.

Where this provision sits

ActBye laws of Puncofed
Section7
Marginal note� Members shall be required to pay annual subscrip�on on the following rates
JurisdictionState of Punjab
StatusIn force as published by the source

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