Bare ActsThe Jammu and Kashmir Self-Reliant Cooperatives Act, 1999

Section 50

Arbitral tribunal

Amendment status not verified — confirm the current text below against the official source.

Arbitral tribunal.––(1) The articles of association of each cooperative shall provide for the constitution of an arbitral tribunal consisting of five members, elected by the general body from among its members or others, whose term of office shall be not more than three years. (2) The arbitral tribunal may choose for reasons to be set forth in writing that a dispute or set of disputes referred to it for settlement be resolved by one or three or five of its members, and the decision of such member or members shall be deemed to be a decision of the arbitral tribunal. 50 SELF-RELIANT COOPERATIVES ACT, 1999 CHAPTER IX Dissolution

Section 50 – The Jammu and Kashmir Self-Reliant Cooperatives Act, 1999 | DailyLaw.ai