Expulsion Process

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Bye-law No. 50

 

50. a. PROCESS FOR EXPULSION OF A MEMBER

The cases of expulsion from the Membership of the Society shall be dealt with in the manner provided under Section 35 of the Act, read with Rule 28 and 29 of MSCS Rules.

 

50. b. EFFECT OF MEMBERSHIP EXPULSION

Expulsion from Membership may involve forfeiture of the shares held by the Member. Where the Committee decides that expulsions from Membership should also involve forfeiture of the shares, it shall make necessary reference to the proposed forfeiture of the shares in the notice to be issued under Rule 29 of the Rules.

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