Multi-State Co-operative Societies Act : Redemption of shares. Indian Bare Acts :

Multi-State Co-operative Societies Act,2002

Act No : 39

Section : Redemption of shares.

35. Redemption of shares.-(1) Shares held in a multi-State co-operative society by any of the authorities referred to in clauses (c) to (g) of sub-section (1) of section 25 shall be redeemable in accordance with the bye-laws of such multi-State co-operat ve society and in a case where the bye-laws do not contain any provision in this regard, in such manner as may be agreed upon between the multi-State co-operative society and such authority. (2) The redemption of shares referred to in sub-section (1) shall be on the face value of the shares.