1950_CO-OPERATIVE_SOCIETIES_RULES — Page 1

CAP. 33]

Co-operative Societies.

CO-OPERATIVE SOCIETIES.

ARRANGEMENT OF RULES.

Rule

1 Citation Page 189

2-5 Register of societies 190

6 Applications for registration of societies 190

7-9 Registration 190

10, 11 Register of members and books and accounts 191

12-17 Membership 192

18 Nominees 192

19 Division of profits 193

20 Maximum liability 193

21, 22 General meeting 194

23, 24 Annual general meeting 194

25 Special general meeting 195

26 Quorum at general meetings 195

27 Chairman of general meeting 196

28, 29 Voting at general meeting 196

30 Minutes of general meeting 197

31 Election of committee 197

32 Chairman of committee 197

33 Duties of committee 198

34 Meetings of committee 198

35 Procedure at meetings of committee 198

36 Minutes of meetings of committee 198

37 Failure to attend meetings of committee 198

38 Vacancies on committee 198

39 Borrowing powers 198

40 Banking account 198

41 Employees 199

Rules Applicable to Credit Societies.

42 Application for loan 199

43 Sanction of loan 199

44 Security for loans 199

45 Purposes of loans 200

46 Documents relating to loans 200

47 Restriction on loans to defaulters 200

48 Extensions of loans 200

49 Misapplication of loan 200

50 Recovery of loans 200

Rules Applicable to Marketing Societies.

51 Marketing 201

52 Bad debts 201

53 Preparation of annual accounts and report 201

54 Transfer of shares ... 202

55 Sales of shares of members in default 202

56 Secretary 203

57 Payment of secretary 203

58 Security by secretary 203

188