66B. Permanent shares

Terms defined in s 2

• by-laws

  by-laws

  Defined · s 2

  “by-laws” means the registered by-laws made by a society in the exercise of any power conferred by this Act, and includes a registered amendment of the by-laws;

  Open s 2
• committee of management

  committee of management

  Defined · s 2

  “committee of management” means the governing body (by whatever name called) of a society which is responsible for the management of the affairs of the society;

  Open s 2
• credit society

  credit society

  Defined · s 2

  “credit society” means a society which is registered as a credit society;

  Open s 2
• institutional member

  institutional member

  Defined · s 2

  “institutional member” means a society, a trade union or a platform work association;

  Open s 2
• ordinary share

  ordinary share

  Defined · s 2

  “ordinary share” means an ordinary share issued under section 66A;

  Open s 2
• permanent share

  permanent share

  Defined · s 2

  “permanent share” means a permanent share issued under section 66B;

  Open s 2
• Registrar

  Registrar

  Defined · s 2

  “Registrar” means the Registrar of Co‑operative Societies appointed under section 3(1), and includes a Deputy Registrar, an Assistant Registrar, or a public officer appointed under section 3(1), exercising such function, duty or power of the Registrar as is delegated to the Deputy Registrar, Assistant Registrar or public officer (as the case may be) under section 3(2);

  Open s 2
• share

  share

  Defined · s 2

  “share” means a unit of the share capital or subscription capital of a society;

  Open s 2
• society

  society

  Defined · s 2

  “society” means a co-operative society registered under this Act and includes a primary society, a secondary society and an apex organisation;

  Open s 2