Nominal member

The Goa Co-operative Societies Act, 2001

Corporate2001147 sections

Statutory text

(1) Notwithstanding anything contained in section 21, a society may admit any person as nominal member on payment of entrance fee as specified in the bye-laws. (2) A nominal member shall not be entitled to any share, in any form whatsoever, in the profits or assets of the society and shall ordinarily not have any of the privileges and rights of a member.

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