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 0] [Entire Act]

State of Madhya Pradesh - Section

Section 24 in The M.P. Swayatta Sahakarita Adhiniyam, 1999

24. Termination of membership.

(1)The board may, by a resolution passed by three-fourth majority of the directors present and voting at a meeting held for the purpose, terminate the membership of a member if he-
(a)intentionally does any act likely to injure the credit of the co-operative or bring it to disrepute; or
(b)wilfully deceives the co-operative; or
(c)has acted adversely to the objects or his act is detrimental to the interests of the co-operative; or
(d)persistently makes default in payment of his dues or fails to comply with the provisions of the bye-laws; or
(e)having been admitted as a member subsequently becomes a member of any other common objective co-operative functioning within the jurisdiction of the co-operative of which he is a member :
Provided that no such resolution shall be passed without giving the member concerned a reasonable opportunity to make representation at the board meeting.
(2)Any member aggrieved by the resolution passed under sub-section (1) may appeal to the Arbitration Council within thirty days of the communication of such resolution.
(3)No member of a co-operative whose membership has been terminated under sub-section (1) shall be eligible for re-admission as a member of the co-operative for a period as may be specified in the resolution but not exceeding five years.