64a-b. Valuation

Bye-law No. 64

Wherever the question of payment of the value of the shares and the interest of any Member of the Society, in its capital/property, as the result of the acquisition of the same by the Society arises, the following procedure shall be followed:

64. a. SHARE & INTEREST VALUATION CRITERIA

The value of Shares or interest in the share capital of the society shall be decided in accordance with the provisions of Section 29 read with Rule 23 of the MSCS Rules

64. b. SHARE & INTEREST VALUER

The interest of the expelled Member in the property/capital of the Society, shall be valued by the Government approved valuer.