Amendment status not verified — confirm the current text below against the official source.
(1) No society shall be registered, if the by-laws of such society Bar to permit admission, as member thereof, of a person carrying on transaction registration of some or business of the same kind or nature as carried on by such society. societies. (2) In particular and without prejudice to the generality of the provisions of sub-section (1),— (a) no credit society shall be registered, if the by-laws of such society permit admission, as member thereof, of a person who is a money-lender by profession, (b) no consumers society shall be registered, if the by-laws of such society permit admission, as member thereof, of a person who is a grocer by profession, and (c) no industrial society shall be registered, if the by-laws of such society permit admission, as member thereof, of a person who is carrying on his own account, or has interest in, any business of the kind carried on by such society. (3) No society formed by a particular community, class or group of people for the promotion of the economic interests of such community, class or group of people exclusively, through specified activity or activities, shall be registered where its by-laws permit more than ten per centum of its members to be persons not to be directly benefited by such activity or activities. 163 The West Bengal Co-operative Societies Act ,1973. [West Ben. Act (Chapter II.— Registration.—Sections 13-15.) Application for registration. Registrar to decide certain questions. Registration.