Clause 42
Votes of members
of Co-operative Societies Bill
BillNot in forceProvision 58 of 105
Clause 42
(1)
Each individual member of a primary society shall have only one vote in the affairs of the society, irrespective of the number of shares he holds and such vote shall be exercised in person and not by proxy.
(2)
Each institutional member of a primary society shall have such number of votes and such voting powers as are provided by the by-laws of the society.
(3)
In a secondary society or in the apex organisation each member shall have as many votes as may be provided by the by-laws of the secondary society or the apex organisation.