Bare ActsThe Manipur Co-Operative Societies Act, 1976

Section 24

(i) Notwithstanding anything contained in section 22, a

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

(i) Notwithstanding anything contained in section 22, a. society may admit any person as a nominal, associate or sympathiser member. (ii) A nominal or sympathiser member shall not be entitled to any share In any form whatsoever in the profits or assets of the 11 Person! Who may not be member. Restriction of member- ship, Communica- tion of deci- sion re fusing admission, Open mem— bersbip. Nominal, associate and sympathiser member. 1‘2 No rights of membership to be exer- cised till due payments are made, Voting powers of members. Restrictions on holding of shares. society as Such member. A nominal or sympathiser member shall ordi- narily not have any of the privileges and rights of a member, but such a member, or an associate member, may, subject to the provisions of sub-seetion (8) of section 27,‘ have such p=~ivileges and rights and be subject to such liabilities of a member, as may be specified in the bye- laws of the society.

Section 24 – The Manipur Co-Operative Societies Act, 1976 | DailyLaw.ai