No rights of membership to be exercised till due payments are made

No rights of membership to be exercised till due payments are made (1) No person shall exercise the rights of a member of a society, until he has made such payment to the society in respect of membership, or acquired such interest in the society, as may be prescribed by the rules, or the bye-laws of such society. (2) The person who has committed a default and remains as such defaulter in making repayment of loan or interest thereon for a period of one year from the due date of repayment of such loan or interest or installment shall not be entitled to exorcise voting rights of a member of a society till all such repayments are made.