| (1) |
No person shall be admitted as a member, except associate or provisional member of a society, unless,‐ |
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(a) |
he has applied in writing in the form specified in the Bye laws of the society for membership alongwith value of at least five shares and entrance fee of rupees hundred; |
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(b) |
applicant has submitted, alongwith the application for membership of the Society, a certified copy of the agreement, duly stamped and registered entered into by him with the Promoter Builder or Transferor; or Registered Gift deed; |
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(c) |
his application is approved by the committee of the society: |
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Provided that, if the application is made by any person as defined in section 154 B-1(20) (ii to xii), then the application for membership shall also be accompanied by a resolution authorising it to apply for such membership. |
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