The Registrar shall classify co-operative societies with reference to their objects, area
of operation, membership or any other matter. CHAPTER - III MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR RIGHTS AND LIABILITIES Persons who may become members. 22.(1) No person shall be admitted as member of a co-operative society except the following, namely - (a) an individual competent to contract under section 11 of the Indian Contract Act, 1872 (9 of 1872); (b) any other co-operative society; (c) the Government; (d) a firm, a joint stock company, or any other body corporate constituted under any law; and (e) such class or classes of persons or association of persons as may be notified by the Government in this behalf : Provided that the provisions of clause (a) shall not apply to an individual seeking admission to a co-operative society exclusively formed for the benefit of students of a school or college : Provided further that no individual shall be eligible for admission as a member of any financing bank or federal co-operative society except as provided in clause (m) of section