Bare ActsThe Punjab Self-Supporting Co-operative Societies Act, 2006

Section 25

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

(I) Any person, who desires to becom in ation in the manner as : Supporting co-operative society, may submit an applic may be specified in the bye-laws. itted under sub-section (1), the (2) On int of an application subm 7 Onreceigtof an 2pp the Board for taking final elf-supporting co-operative society shall refer it to ECision. Appeal against refusal Withdrawal from membership Cessation of membership. 96 PUNJAB GOVT GAZ. (EXTRA.), NOV. 8, 2010 (KRTK 17, 1932 SAKA) (3) The Board shall take a final decision on the application within a period of forty-five days. (4) The Board shall admit a person for membership, if he is found eligible or it may refuse his admission, if he is not found eligible : Provided that before refusing admission of a person, he shall be given an opportunity of being heard. (5) If aperson is not allowed to become a member, he shall be informed by the self-supporting co-operative society by registered post within a period of sixty days after the receipt of his application. In case, a person is not informed about the final decision on his application within the aforesaid stipulated period, he shall be deemed to have been admitted as a member of the self-supporting co-operative society and the self-supporting co-operative society shall be bound to issue him share certificate and include his name in the register of members within a period of sixty days from the date of such deemed admission.