Multi-State Co-operative Societies Act,2002
Act No : 39
Section :
Persons who may become members.
25. Persons who may become members.-(1) No person shall be admitted as a member of a multi-State co-operative society except the following, namely:- (a) an individual, competent to contract under section 11 of the Indian Contract Act, 1872 (9 of 1872); (b) any multi-State co-operative society or any co-operative society; (c) the Central Government; (d) a State Government; (e) the National Co-operative Development Corporation established under the National Co-operative Development Corporation Act, 1962 (26 of 1962); (f) any other corporation owned or controlled by the Government; (g) any Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956); (h) such class or classes of persons or association of persons as may be permitted by the Central Registrar having regard to the nature and activities of a multi-State co-operative society. (2) No individual person shall be eligible for admission as a member of a national co-operative society or a federal co-operative. (3) Any person eligible for membership of a multi-State co-operative society may, on his application, be admitted as a member by such society. (4) Every application for admission as a member of a multi-State co-operative society shall be disposed of by such society within a period of four months from the date of receipt of the application, and the decision of such society on the application sha l be communicated to the applicant within fifteen days from the date of such decision: Provided that if the application is not disposed of within the period aforesaid, or the decision is not communicated within a period of fifteen days of the expiry of the aforesaid period of four months, the multi-State co-operative society shall be deeme to have made a decision, on the date of expiry of such period, refusing admission to the applicant. (5) It shall be the duty of every member of a multi-State co-operative society to promote and protect the interests and objects of such society.
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