Bye-Law No. 64.d-e.: Selection of Offers & New Membership
64. d. OFFER SELECTION
On receipt-of the offers, the Committee, in its meeting, shall scrutinize the same and decide to accept the offer which is the highest, which shall not be less than the approved value as determined in (b) above
64. e. NEW MEMBERSHIP APPLICATION
The Committee shall then advise the person, offering the highest price, to make an application for Membership of the Society, in the prescribed form along with a demand draft for the price offered, value of 5 Shares of the Society and the entrance fee of Rs. 100/-.
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