nominal members are different class of members. AO accepts that
ordinary members are having mutuality but he denies the same
with reference to nominal members ... laws characterizes two types of members, the 'original
members' being the founder members, others are called 'nominal
members' but as seen
nomination may be submitted to the exchange.
13. xxxxxx
14. xxxxxxx
15. The Governing Board shall not approve a nomination unless the nominating member ... member in place of the existing member. The Tribunal therein decided the issue against the assessee holding that as and when an existing member nominates
even "Nominal Members" and
does not provide for any distinction between the duly registered member
and nominal members, therefore, the view taken ... sweep even a nominal member and
does not provide for any distinction between the duly registered
members and the nominal members is supported
nominal members. The ordinary members have the right
to vote and are subscriber to the shares of the assessee. On the other hand,
nominal members ... details regarding the identity, creditworthiness, and
genuineness of its regular or nominal members nor produced any of them.
Therefore, it was held that the assessee
nominal members. The ordinary members have the right
to vote and are subscriber to the shares of the assessee. On the other hand,
nominal members ... details regarding the identity, creditworthiness, and
genuineness of its regular or nominal members nor produced any of them.
Therefore, it was held that the assessee
nominal members. The ordinary members have the right
to vote and are subscriber to the shares of the assessee. On the other hand,
nominal members ... details regarding the identity, creditworthiness, and
genuineness of its regular or nominal members nor produced any of them.
Therefore, it was held that the assessee
nominal members. The ordinary members have the right
to vote and are subscriber to the shares of the assessee. On the other hand,
nominal members ... details regarding the identity, creditworthiness, and
genuineness of its regular or nominal members nor produced any of them.
Therefore, it was held that the assessee
nominal members. The ordinary members have the right
to vote and are subscriber to the shares of the assessee. On the other hand,
nominal members ... details regarding the identity, creditworthiness, and
genuineness of its regular or nominal members nor produced any of them.
Therefore, it was held that the assessee
nominal members. The ordinary members have the right
to vote and are subscriber to the shares of the assessee. On the other hand,
nominal members ... details regarding the identity, creditworthiness, and
genuineness of its regular or nominal members nor produced any of them.
Therefore, it was held that the assessee
that even a Nominal
member is a member for the purpose of IT. The assessee admitted the
normal members and nominal members. Though the nominal ... from its members and providing
the funds to the members:
Details Year ended on
31.3.2005 31.3.2006 31.3.2007 31.3.2008 31.3.2009
No. of members
