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[Cites 0, Cited by 3] [Section 48] [Entire Act]

State of Gujarat - Subsection

Section 48(4) in The Gujarat Co-Operative Societies Act, 1961

(4)Notwithstanding anything contained in sub-sections (2) and (3), a society, which has as one of its objects the disposal of the produce of its members, may provide in its bye-laws, or may otherwise contract with its members,-
(a)that every such member shall dispose of his produce through the society, and
(b)that, any member, who is found guilty of a breach of the bye-law or of any such contract, shall reimburse the society for any resultant loss, determined in such manner as may be specified in the bye-laws.