THE ARMY HQ CO-OPERATIVE THRIFT & CREDIT SOCIETY LIMITED
“Thinking professionally” is the first step in building a high-performance.
"Member" means a person joining by an application for the registration of a co-operative society which is subsequently, registered or a person duly admitted to membership of society after registration.
An individual who is eligible to be a member and who has applied for membership of the Society in the prescribed form may be admitted as a member by the committee on complying with the following conditions:
No person shall be member unless:
(a) She/he is substantively employed in “ARMED FORCES HEADQUARTERS, in Civilian Cadre on regular employment.
(b) His/her written application of membership has been approved by the Managing Committee;
(c) She/he is competent to contract under section 2 of the Indian Contract Act, 1872;
(d) She/he is not a member of any Primary Society dispensing credit with limited or unlimited liability;
(e) He has carried out the provisions of Bye-laws 11;
(f) (i) Every member on admission shall pay Rs. 500/- as admission fee which shall not be refunded in any case;
(ii) When a person’s application for membership has been accepted by the Managing Committee and he has paid his admission fee and share money, he shall be deemed to have acquired all the rights, incurred all the obligations as laid down in the Act and Rules made there under and these Bye-laws.
(1) Notwithstanding anything contained in this Act, a person shall cease to be a member of a cooperative society -
(a) on his resignation from such membership; or
(b) on his death, if there is no claim by the nominee or legal heirs within three hundred sixty five days; or
(c) on transfer of the whole of his share or interest in that cooperative society; or
(d) on his expulsion or incurring any disqualification for being a member of that cooperative society.
(2) If any question as to whether a member has incurred any of the disqualifications mentioned in sub-section(1), it shall be referred to the Registrar for his decision, whose decision shall be final and binding.
(3) A member of the Society may be expelled by a 3/4th majority of the Managing Committee members present at the Managing Committee Meeting.
(4) The Registrar may of his own motion, if satisfied that any member has incurred any of the disqualification under sub-section (1) declare through an order in writing that such member is disqualified to be a member :
Provided that no such order shall be passed without affording opportunity of being heard to such member as prescribed.
"Member" means a person joining by an application for the registration of a co-operative society which is subsequently, registered or a person duly admitted to membership of a society after registration.
An individual who is eligible to be the member and who has applied for membership of the Society in the prescribed form, may be admitted as member by the committee on complying with the following conditions:
A member shall be entitled to receive a copy of the registered bye-laws of the society on payment of the price thereof as per clause 172.
A member shall have right to inspect free of cost books, registers documents etc. as provided in Section 32 (1) of the MCS Act 1960 and get copies of the documents as provided under Section 32(2) of the MCS Act 1960, on payment of the fees prescribed under the bye-law No. 172.