Amendment status not verified — confirm the current text below against the official source.
An ordinary member will cease to be a member; 12.1 On resignation (If permitted by the Register); 12.2 On liquidation; 12.3 On expulsion; 12.4 On failure to fulfill the obligations mentioned in the bye-laws No. 13. 12.5 On failure to pay shares and/or debentures as called upon by the Board as per the provisions of the bye-laws. 12.6 If it has less than two lakh units dealing through the Federation continuously for three years. 12.7 An ordinary member, ceasing to be a member, shall be entitled to receive back the amount not exceeding the actual sum paid by it. On account of shares after two years.