Ours is a commercial society registered under the Maharashtra Cooperative Societies Act 1960, and situated in Mumbai, consisting of chawl type structures. Our society has recently entered into a Development Agreement with a Developer. One of the signatories to the Deed, from the society, is an Associate Member, who does not hold any gala(shop) in his name, but has been an Associate Member of the society for over 5 years. Will his signature on the Development Agreement be valid?