Become a Member

Society may receive deposits from its members at any time within the limits determined under the act and rules on such rates of interest and subject to such rules and regulations as may be approved by Board of Directors.

The Society shall have following Categories of membership
  • Regular Members
Who may become Members

No person shall be admitted as a member of the Society except the following

  • An individual, competent to contract under section 11 of the Indian Contract Act 1872
  • Any Multi-state co-operative society or any co-operative societies except similar type of co-operative;
  • The Central Government
  • The State Government
  • Any other corporation owned or controlled by the government;
  • Any Government Company as defined in sec.617 of the Companies Act 1956;
  • Such class or classes of persons or associations of persons as may be permitted by the Central Registrar having regard to the nature and activities of a multi-state co-operative Society.

Condition for Regular Membership
  • He has applied in writing in prescribed form
  • He has acquired at least one share.
  • He has given a declaration that he is not a member of any other Cooperative society of similar nature.
  • He has fulfilled all other conditions laid down in the Act, rules and the bye-laws.
  • The Board of Directors of the society approves the application to admit as a member.