Rules

(1) The Government may for the whole or any part of the Territory and for any society or class of societies make rules for the conduct and regulation of the business of such society or class of societies and for carrying out the purpose of this Act. (2) In particular, and without prejudice to the generality of the foregoing power such rules may – (i) subject to the provisions of section 3 prescribe the delegation of powers vested in the Registrar to persons appointed to assist the Registrar ; (ii) prescribe the forms to be used and the conditions to be complied with in the making of applications for the registration of a society under section 8 and the procedure in the matters of such application ; (iii) prescribe the matters in respect of which a society may make or the Registrar may direct a society to make bye-laws and the procedure to be followed in making, altering and abrogating bye-laws and the conditions to be satisfied prior to such making alteration or abrogation ; (iv) prescribe the form of an procedure for an application under section19 and the procedure for reconstruction of a society under that section ; (v) prescribe the conditions to be complied with by a person applying for admission or admitted as a member and provide for the election and admission of member and the payment to be made and the interest to be acquired before the exercise of the right of membership ; (vi) prescribe in the case of a federal society or class of federal societies the proportion of individual members to society members in such society or class or societies and the proportion of individual members to society members in the committee or such society or class of societies. (vii) subject to the provisions of sections 28, prescribe the maximum number of shares or portion of the capital of a society which may be held by a member ; (viii) prescribe the procedure for the admission of joint members, members of a joint undivided family and minors and persons of unsound mind inheriting the share or interest of deceased members and provide for their rights and liabilities. (ix) provide for the withdrawal, removal or expulsion of members and for the payments to them and for the liabilities of passed members and the estate of deceased members ; (x) prescribe the conditions and procedures for the transfer of shares or interest ; (xi) provide for the nomination of a person to whom the share or the interest of a deceased member may be paid or transferred. (xii) provide for ascertaining the value of a share or interest of a past member or deceased member ; (xiii) prescribe the payments to be made and the condition to be complied with by members applying for loans the period for which loans may be made and the amount which may be lent to an individual member ; (xiv) provide for the inspection of documents in the Registrar’s office and the levy of fee for granting certified copies of the same. (xv) provide for the procedure for registering the address of a society and the change of its address ; (xvi) provide for the formation and maintenance of a register of members and where the liability of members is limited by shares, of a register of shares and list of members ; (xvii) provide for securing that the share capital of any society shall be variable in such a way as it may be necessary to secure that the share shall not appreciate in value and that necessary capital shall be available for the society as required ; (xviii) provide for the procedure to be adopted by a society with limited liability in order to reduce its share capital ; (xix) prescribe the period for and terms upon which Government aid and may be given to societies and terms under which Government may subscribe to the share capital of and guarantee the payment of the principal of and interest on debentures issued by society. (xx) regulate the manner in which funds may be raised by a society or class of societies by means of shares or debentures or otherwise and the quantum of funds so raised ; (xxi) prescribe the limits for loans to be granted by a society or class of societies against different class of securities or without security and the procedure for granting loan ; (xxii) prescribe the manner of recalling a loan ; (xxiii) prescribe the limits for granting credit by a non-credit society or a class of non-credit societies ; (xxiv) prescribe the prohibitions and restrictions subject to which societies may trade or transact business with persons who are not members ; (xxv) prescribe the conditions on which any charge in favour of a society shall be satisfied and the extent to which and the order in which the property to the charge shall be used in its satisfaction ;