Associate Members

The Federation may enroll following as its nominal/associate members:

(i) Primary Cooperative Agricultural Credit & Service Societies.

(ii) Cooperative and other institutions, statutory bodies or individuals as may be notified by the

Government with which it has business relations or proposes to set up joint venture.

(iii) Associate member shall not be entitled to any share in any form whatsoever, in the assets or profits of the Federation.

(iv) The associate member shall have no right to vote in the affairs of the Federation and shall have no representation on the management of the Federation.

(v) Associate member shall pay entrance fee of Rs.100/- and shall not be required/entitled to contribute any share capital.

9. Applications for membership shall be addressed to the Managing Director of the Federation. Such applications shall be disposed of by the Executive Committee of the Federation and the applicant to whom the admission is refused by the Executive Committee shall communicate the decision in writing per registered notice. Such applicant may appeal to the Board of Directors within 30 days of the receipt of the decision of the Executive Committee.

10. A member of the Federation may be expelled by the Executive Committee for the following reasons.

a) If the member persistently defaults in the payments of share money or other amounts due to the Federation;

(b) If the member willfully supplied materially false information to the Federation;

(c) If the member fails to observe the bye-laws without any reasonable cause;

(d) If the conduct of the member is prejudicial to the interests or reputation of the Federation.

11. A member expelled by the Executive Committee under the preceding bye-law may appeal to the Board of Directors within 30 days of the communication of decision regarding expulsion.

12. Membership of the Federation shall be terminated on:­

a) cancellation of the registration of an affiliated Society;

b) ceasing to hold at least one share; or

c) expulsion as provided in bye-law No.1O.

13. Every member shall, on admission, pay an entrance fee of Rs.100/-. Every member shall take at least one share whose value shall be payable in lump­sum. With the prior approval of the Registrar, the Board of Directors may, at any time, call upon the members to contribute to the share capital of the Federation by taking one or more number of shares.

14. No share shall be withdrawn, but shares may be transferred to member or to a society duly qualified for membership and approved by the Executive committee or shares may be transferred to the "Share Transfer Fund" kept by the Federation for the purpose.

Provided that in the economic interest of the member society, its share contribution can be retired by the Board.