Chptr-5.Membership in Co-operative Societiess

SECTION 16

ELIGIBILITY TO BECAME A MEMBER  

Section 16 of the co-operative society act provides that membership of co-operative
society is given to the following category of people and institutions.

1. An individual
2. Any other society

3. A local self government

4. the government 

5. Any body of person whether incorporated or not and approved by the government

SECTION 16 & RULE 16 

INDIVIDUAL MEMBERSHIP-QUALIFICATION

According to the section 16 and rule 16 of the co-operative society Act an individual must have the following qualification for membership in a a co-operative society

1. he must have attained 18 year 

2. he is sound of mind

3. He must be a resident within the area of operation of the society or in the occupation
    of land with in the area of operation of the society  

4. He should not be adjudicated as an insolvent

5. he should not have been sentenced for an offence other than of political nature or
    involving moral turpitude

6. He is not a paid employee of society or of this financing bank. This restriction shall
    not apply to co-operative motor transport society, co-operative work shop, societies
    for the employees for financing

    bank  and societies formed for benefit of actual workers 

7. He should not have been surcharged, if surcharged a period of three year
    have been elapsed

PROCEDURE OF GETTING A MEMBERSHIP 

1. He should apply in the prescribed form given by the society

2. His application is approved by the committee 

3. He has full filled all other condition laid down in the act, rules and bye-laws

4. In case of other society or body of person or non statutory board approved by government, committee or     corporation the application for membership shall be accompanied by a resolution authorized it to apply for     such membership    

TERMINATION OF MEMBERSHIP 

1. By expulsion of members if he has acted against the interest of the society

2. By removal of member

3. By withdrawing all his shares 

4. By transfer all of his shares 

5. By liquidating the society

6. By the death of a member