1950_CO-OPERATIVE_SOCIETIES_ORDINANCE — Page 21

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Co-operative Societies.

(f) general meetings of the members and for the proce- dure at such meetings and the powers to be exercised by such meetings;

(g) appointment, suspension and removal

removal of the members of the committee and other officers, and the procedure at meetings of the committee, and the powers to be exercised and the duties to be performed by the committee and other officers; (h) matters in respect of which a society may or shall make by-laws and the procedure to be followed in making, altering and rescinding by-laws, and the conditions to be satisfied prior to such making, alteration or rescission;

(i) the manner in which funds may be raised by means

of shares or debentures or otherwise;

(j) conditions to be observed by a registered society

applying for financial assistance from government; (k) the payments to be made, the conditions to be complied with and the forms of the bonds, instru- ments or other documents to be executed by members applying for loans or cash credits, the period for which loans may be made or credits granted, and the maximum amount which may be lent and the maximum credit which may be allowed to individual members with or without the consent of the Registrar;

(1) the mode in which the value of a deceased member's interest shall be ascertained, and for the nomination of a person to whom such interest may be paid or transferred;

(m) the mode in which the value of the interest of a member who has become of unsound mind and incapable of managing himself or his affairs shall be ascertained and the nomination of any person to whom such interest may be paid or transferred; (n) formation and maintenance of reserve funds, and the objects to which such funds may be applied, and investment of any funds under the control of any registered society;

(0) conditions under which profits may be distributed to the members of a society with unlimited liability

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