Bare ActsThe punjab co-operative societies act 1961

Section 17

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

Member not to exercise rights till due payment made :- No member of a co-operative society shall exercise the rights of a member unless he has made such payments to the society in respect of membership or has acquired such interest in the society as may be specified in the bye-laws. SECTION - 18 (18. Votes of members :- Every member of the co-operative society shall have one vote in the affairs of the society: Provided that - (a) a member who has attended less than two general meetings out of the last five general meetings; or (b) a member who has failed to utilize such minimum services, as may be specified in the bye-laws;or (c) aperson who has been a member of the cooperative society for a period of less than nine months, shall not be eligible to participate in the general meeting of the co-operative society for election to the committee of the co-operative society: Provided further that - (a) in the case of an equality of votes, the chairman shall have a second or casting vote; (b) anominal or associate member shall not have the right of vote; and (c) where the Governmentis a member of the co-operative society, each person nominated by the Government on the committee shall have one vote.] SECTION - 19

Section 17 – The punjab co-operative societies act 1961 | DailyLaw.ai