Co-Operative Societies Act 1993 · Updated to 1 Apr 2015 · Part IV · Rights and Liabilities of Members
28. Members not to exercise rights till due payment
Feedback & supportNo member of a co-operative society shall exercise the rights of a member unless and until he has made such payment to the co-operative society in respect of membership or acquired such interest in the co-operative society as may be prescribed by the regulations or by the by-laws of such co-operative society.
member
“member” includes a person or a co-operative society joining in the application for the registration of a co-operative society and who has signed the minutes of the inaugural general meeting of the co-operative society and a person or co-operative society admitted to membership of the co-operative society in accordance with the regulations and its by-laws after registration;