Post Expulsion

Bye-law No. 51

51. MEMBERSHIP CESSATION & SHARES FORFEITURE

The Member, duly expelled from Membership of the Society, shall cease to be the Member of the Society with effect from the date on which the resolution of expulsion from the Membership of the Society is approved by the Registering Authority. The forfeiture of shares may take effect simultaneously with expulsion. Handing over vacant possession of the flat by the expelled Member.

Bye-law No. 52

52. FORFEITURE OF FLAT POSSESSION

The Member, who has been duly expelled from the Membership of the Society, shall not be entitled to continue in occupation of his flat and he shall arrange to hand over peaceful and vacant possession of his flat to the Secretary of the Society, within such period as the Committee may allow. On his failure to do so, he shall be liable to be evicted from his flat. Acquisition of the Shares and interest of the expelled Member.

Bye-law No. 53

53. COMMITTEE DECIDES ON NON-FORFEITURE OF SHARES 

If the meeting of the general body of the Society has decided not to forfeit the shares, the interest of the expelled Member in the capital/property of the Society and the value thereof shall be acquired by the Society and the value thereof shall be paid to the expelled Member, within 3 months of his handing over possession of his flat or his eviction from it, after following the procedure as laid down under the bye-law No. 66 in respect of payment of the value of the shares and interest in the capital/property of the Society acquired by the Society.