RAJASTHAN STATE COOPERATIVE SOCITIES ACT 2001
Section 12. CESSATION OF MEMBERSHIP
An ordinary member will cease to be a member; 12.1 On resignation (If permitted by the Register);
12.2 On liquidation;
12.3 On expulsion;
12.4 On failure to fulfill the obligations mentioned in the bye-laws No. 13.
12.5 On failure to pay shares and/or debentures as called upon by the Board as per the provisions of the bye-laws.
12.6 If it has less than two lakh units dealing through the Federation continuously for three years.
12.7 An ordinary member, ceasing to be a member, shall be entitled to receive back the amount not exceeding the actual sum paid by it. On account of shares after two years.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
Cases citing this section
No order or office report we hold cites this section yet.
Source: Order and office-report PDFs whose text cites the section, read by rule (document_citations); each case through its orders and office reports that carry the PDF