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The Pondicherry Cooperative Societies Act, 1972 Complete Act

State: Pondicherry

Year: 1972

.....22, the rules made in this behalf or the by-laws of the society,- (a) any individual competent to contract under section 11 of the Indian Contract Act, 1872; (Central Act 9 of 1872) ; (b) any registered society ; (c) the Government, shall be eligible for admission as a member of a registered society : Provided that this section shall not apply in the case of a society formed exclusively for the benefit of the students of any college or school. Provided further that a Hindu undivided family as such shall not be eligible for admission s a member of a registered society: Provided also that persons who are minors or of unsound mind may be admitted as members of such class of registered societies as may be prescribed and such members shall possess only such privileges and rights of members and be subject only to such liabilities of members as may be prescribed : Provided also that in a society formed for the promotion of the economic interests of its members, through a specified activity no person other than one who is likely to be benefitted directly by such activity may be admitted as a member of such society unless such admission is permitted specifically by the.....