Chapter III Chapter III

(1) No society shall, Without sufficient cause, refuse admission to membership to any person duly qualified therefor under the provisions of this Act and its bye-laws. (2) Any person aggrieved by the decision of a, society, refusing him admission to its membership, may appeal to the Registrar. (3j The decision of the Registrar in appeal, shall be final and the Registrar shall communicate his decision to the parties within fifteen days from the date thereof.

(i) Notwithstanding anything contained in section 22, a. society may admit any person as a nominal, associate or sympathiser member. (ii) A nominal or sympathiser member shall not be entitled to any share In any form whatsoever in the profits or assets of the society as Such member. A nominal or sympathiser member shall ordinarily not have any of the privileges and rights of a member, but such a member, or an associate member, may, subject to the provisions of sub-seetion (8) of section 27,‘ have such p=~ivileges and rights and be subject to such liabilities of a member, as may be specified in the bye-laws of the society.

A person shall cease to be a member of a society on his resignation from the membership thereof being accepted, or on the transfer of the whole of his share or interest in the society to another member, or on his death, or removal or expulsion from the Society.

(1) Subject to the proviSion of the last preceding section as to the maximum holding of shares and to any rules made in this behalf, 3. transfer of, or charge on, the share or interest of a member in the share capital of a Society shall be subject to Such conditions as may be prescribed. (2) A member shall not transfer any share held by him or his interest in the capital or property of any Society, or any part thereof, unless— (a) he has held such share or interest for not less than one year ; (b) the transfer is made to a member of the society or to a person whose appiication for membership has been accepted by the society. (3) Notwithstanding anything contained in sub~Seciions (I) and (2), where a. member is allowed to resign, or is expelled, or ceases to be a member on account of his being disqualified by this Act or by the rules made thereunder or by the bye-Iaws of the society, the society may acquire the share or interest of such member in the share capia’al by paying for it at the Value determined in the manner prescribed, provided that the total payment of share capital of a society in any financial year for such purposes does not exceed ten per cent of the paid up share mcapital of the society on the last day of the financial year immediately preceding. Explanation :— The right to forfeit the share or interest of any expelled .nember in the share capital by virtue of any bye-laws of the Hmsicty, shall not be affected by the aforesaid provision. (4) Where the State Government is a member of a society the wmriutions contained in this Section shall not apply to any transfer nm'lu by it nfits share or interest in the capital of the society ; and Hum, Howrnment may, notwithstanding anything contained in this Act, wil iulmw from the society its share capital at any time, after giving to Hm mmiety notice thereof not less than three months.

Notwithstanding anything contained in any law for the time being in force, the dues of a society from a member, in insolvency proceedings against him, shall rank in order of priority next to the dues payable by him to Government or to a local authority.

(1) A society may, by resolution passed by three-fourths majority of the members entitled to vote who are present at a general meeting held for the purpose, expel a member for acts Which are detrimental to the interest or proper working of the society. Provided that no such resolution shall be valid, unless the member concerned is given an opportunity of representing his case to the general body, and no resolution shall be effective unless it is approved by the Registrar. (2) No member of a society Who has been expelled under the foregoing sub-section shall be eligible for readmission as a member of that Society, or for admission as a member of any other society for a period of one year from the date of Such expulsion ; Provided, the Registrar may, on an application by the society and in special circumstances, sanction the re-admission 0r admiseion, within the said period, of any such member as amember of the said society 01‘ of any other society, as the case may be.