Amendment status not verified — confirm the current text below against the official source.
Persons who may become members.—(1) No person shall be admitted as member of Co-operative Society except the following, namely :–– (a) an individual who is–– (i) competent to contract under section 11 of the Jammu and Kashmir Contract Act, Samvat 1977 ; (ii) a permanent resident of the State of Jammu and Kashmir as defined in section 6 of the Constitution of Jammu and Kashmir ; (b) any other Co-operative Society registered under this Act ; (c) a firm, company or any other body corporate constituted under any law for the time being in force or a Society registered under the Jammu and Kashmir Societies Registration Act, Samvat 1998 : Provided that every partner, director or member as the case may be, of such firm, company, corporate body or society is a permanent resident of the State. 1[(d) a Self-help group.