22a-b. Applicability

Bye-law No. 22

CONDITIONAL APPLICABILITY TO EXERCISE MEMBER RIGHTS

22. a.

A Member shall be entitled to exercise such rights as provided in the Act, Rules and Bye-laws. Provided that no Member shall exercise the rights of Member of a Society, until he has made such payment to the Society in respect of Membership, or acquired such interest in the Society.

22. b. 

Provided further that, in case of increase in minimum contribution of Member in share capital to exercise right of Membership, the Society shall give a due notice of demand to the Members and give reasonable period of time to comply with.