Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 2] [Section 23] [Entire Act]

State of Tamilnadu - Subsection

Section 23(2) in The Tamil Nadu Co-Operative Societies Act, 1983

(2)A member of a registered society shall cease to be a member of the society, if he-
(a)applies to be adjudicated or is adjudicated as an insolvent;
(b)is sentenced for any such offence as is described in clause (b) of subsection (1) [xxx] [The expression 'or is sentenced under section 162' was omitted by section 2 of the Tamil Nadu Co-operative Societies (Second Amendment) Act, 2004 (Tamil Nadu Art 18 of 2004).]:
Provided that where a person ceases to be a member under this clause, he shall be restored to membership if and when the sentence is annulled on appeal or revision; or
(c)becomes a paid officer or servant of the registered society or of its financing bank or of any registered society for which it is the financing bank; or
(d)is expelled from membership under this Act; or
(e)undertakes directly or indirectly any business or industry or activity similar to that of the registered society or inconsistent with, or prejudicial to, the work of the registered society; or
(f)is also a member of a registered society of the same class except as otherwise prescribed;
(g)[ does not possess the qualification, with reference to the principal object of the society, prescribed in the rules or the by-laws; or [Clause (g) substituted by Tamil Nadu Act No. 4 of 2013, dated 23.2.2013, w.e.f. 31.1.2013.]
(h)has not used the services of the society up to the minimum level as specified in its by-laws; or
(i)absents himself from attending three consecutive general meetings of the society:]
Provided that if at the commencement of this Act, any person is a member of more than one registered society of the same class, then, at the expiry of a period of ninety days from such commencement, he shall cease to be a member of all such registered societies unless he has previously resigned his membership of all but one registered society;