A society shall have following categories of members:-
1. Any person who resides within the area of operation of the society and who genuinely need the services provided by the society and whose interest does not conflict with the interest of the society.
2. No person shall be admitted as a member of a multi-State co-operative society except the following namely:-
This is illustrative list and society should clearly indicate the category whom they intend to make Member. Prior consent of Government or Govt. Institutions/ Company would be necessary before including them as members in the Bye-laws.
No individual person shall be eligible for admission as a member of a national co-operative society or a federal
Society may, in the interest of promotion of the business of the society, admit a person as nominal member or associate member on payment of fee of Rs100 only.
Provided that such members will not be entitled to subscribe to the share capital of the society.
They will not be allowed to have any interest in the management of the society including right to vote, contest election as director of the board or participate in the general body meetings of the society.
The application for membership of the society shall be submitted by the applicant to the Chief Executive of the society in the prescribed form and at least ----% of the value of shares to be deposited by the applicant at the time of submission of application. Disposal :
The applications for membership of the society found complete in all respects shall be disposed of within the period of four months from the date of receipt of the application by the society. The same shall be communicated to the applicant within fifteen days of the decision by Registered Post.
A member may, with the approval of the Board of Directors, transfer its shares to another member of the multi-State cooperative society. A fee of Rs.100 per share as mentioned in the Bye-laws, shall be payable to the society for each such transfer.
The membership of the cooperative society may cease in case of :-
Any member of the society may withdraw from membership of the society only after 2 years by giving at least a three months notice and duly approved by the Board of the society.