Membership of Primary Agricultural Credit Co-operative Society

Corporate2015128 sections

Statutory text

(1) Every person or group holding a minimum deposit of rupees one thousand for a continuous period of minimum two years or such other amount or time as may be prescribed in a Primary Agricultural Credit Co-operative Society shall become a member of the co-operative society by subscribing the minimum Share Capital specified in the bye-laws and shall have full membership and voting rights.
(2) A group borrower shall become a member of a Primary Agricultural Credit Co-operative Society by subscribing the minimum Share Capital specified in the bye-laws and shall have full voting rights.
(3) Every group depositor or group borrower admitted as a member shall be entitled to vote through a delegate nominated by the group.

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