Membership

A member is a person who is joining in the application for the registration of a Co-operative society and includes a person admitted to membership after such registration in accordance with the provisions of Co-operative Society Act, the rules and the by-laws.

 

The members can be classified into two categories, namely

 

(a) Nominal Member : A person, who has been joined in the application for registration. The application for Nominal membership of the society shall be submitted by an applicant to the Chief Executive of the society in prescribed form and paid the admission/membership fee of Rs. 10/-. only provided that such member will neither be entitled to subscribe to the share capital of the society nor allowed to have any interest in the management of the society including right to vote, contest election as director of the board or participate in the board or general body meeting of the society.

 

(b ) Ordinary Member : A person, who has been joined in the application for registration. The application for Ordinary membership of the society shall be submitted by an applicant to the Chief Executive of the society in prescribed form and paid the admission/membership fee of Rs. 10/-. only provided that such member will neither be entitled to subscribe to the share capital of the society nor allowed to have any interest in the management of the society including right to vote, contest election as director of the board or participate in the board or general body meeting of the society.

A person who has been admitted as a Ordinary member or associate in accordance with the bye-law of the society. The society may, in the interest of promotion of the business, admit a person as nominal member or associate member on payment of fee of Rupees 10/- and purchased minimum one share of Rs. 100/- and paid the value there of in full.

 

A person of either gender shall be eligible for membership who possesses all of the following credentials:-

  • An adult = 18 years of age.
  • Sound mind.
  • A resident within the intended Area of Operation
  • Not a Member of another registered Multistate cooperative society and should give a declaration of it.
  • Not in insolvent
  • Interest of the person does not conflict with the interest of the society.
  • Not convicted for misappropriation or moral turpitude.
  • Must apply in writing in the prescribed form along with admission fee.
  • Application is approved by the board of the society.
  • Must fulfill all other conditions laid down in the Act, the rules and the bye-laws.