MEMBERSHIP OF THE SOCIETY

"Member" means a person joining by an application for the registration of a co-operative society which is subsequently, registered or a person duly admitted to membership of a society after registration – Section 2 (19) of Maharashtra co-operative Societies Act, 1960.

Different classes of members:

1)          Associate member: An individual, a firm a company or a body corporate, registered under any law for the time being in force, who/ which is eligible to be associate member and who/which has made an application in the prescribed form for such membership, along with the entrance fee of Rs 100 is admitted as such member by the committee.

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Bandra Building Resident Unearth Rs. 100 Crore Fraud in his Society

Adv. R. P. Rathod emphasis that it is very important for every Managing Committee member to file the mandatory M-20 Bond as stipulated in the Maharashtra Co-operative Societies Act 1960, failing which he shall deemed to have vacated his office as a member of the Managing Committee.

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