The Act requires a member to nominate a person/s to whom his share and interest in the co-operative society shall be transferred by the society in the event of such member’s death. There has been some ambiguity on legal rights of nominees’ vis-à-vis the legal heirs. It is to be noted that the method of…

Continue reading

According to Section 2(19)(a) of the Maharashtra Cooperative Societies Act, 1960, a “member” means a person joining in an application for the registration of a Co-operative society which is subsequently registered, or a person duly admitted to membership of a society after registration and includes a nominal, associate or sympathizer member. Thus definition of member…

Continue reading