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[Cites 0, Cited by 0] [Section 16] [Entire Act]

State of Odisha - Subsection

Section 16(3) in The Orissa Co-operative Societies Act, 1962

(3)[ Notwithstanding anything contained in Sub-section (1), no individual shall be eligible to become a member of a Society-
(a)which is organised for promotion of the economic interests of any particular professional or occupational group of individuals, unless such individual, pursues such profession or occupation; or
(b)if he or any member of his family having common economic interest with him carries on any business as is likely to be prejudicial to the business or interest of the Society.
Explanation - For the purposes of this Sub-section -
(a)the business of money-lending shall be deemed to be prejudicial to the business or interest of a Primary Agricultural Credit Society, Co-operative Bank or a [Co-operative Agricultural and Rural Development Bank;]
(b)the business carried on by a trader shall be deemed to be prejudicial to the business or interest of a Marketing Co-operative Society and Consumers Co-operative Society;
(c)the business carried on by a contractor shall be deemed to be prejudicial to the business or interest of a Labour Contract Co-operative Society and a Forest Marketing Co-operative Society;
(d)the business in milk and milk-products carried on by a person shall be deemed to be prejudicial to the business or interest of a Milk Co-operative Society;
(e)the business in oil-seeds and oil-seed-products carried on by a person shall be deemed to be prejudicial to the business or interest of an Oil-seed Grower's Co-operative Society; and
(f)a family member of an individual shall, unless the contrary is proved be deemed to have common economic interest with such individual.