Membership

There shall be 2 different class of members.

•  ‘A’ class membership shall be open to all employees of the Rubber Board residing or employed in the area of operation of the society,who have attained the age of 18 years and who agrees to subscribe monthly an amount of not less than RS.5/- from his pay as a sort of thrift deposit to be refunded to him only when his membership in the society ceases.

•  ‘B’ class Membership shall be open to retired employees of Rubber Board,Institutions and family members of Rubber board employees who have attained th age of 18 years.
•  No Member who has been expelled by the society shall be eligible for re-admission for a period of two years.
•  No person shall be eligible for admission as a member of the society if he is anapplicant to be adjudicated as bankrupt or an insolvent or is an uncertified bankrupt or is an undischarged insolvent or has been sentenced for any offenceother than an offence of political character or an offence not involving moraldeliquency; such sentence not having been reversed or the offence pardoned.Provided that this disqualification shall not apply where more than five years have elapsed from the date of the expiration of such sentence.

 MEMBERSHIP SHALL CEASE BY,

•  Death
•  Insanity
•  Withdrawal
•  Resignation
•  Termination of service from the Board or resignation from there.
•  Expulsion
•  Bankruptcy
•  Conviction by court for an offence as described in sub-section C of Section 5.

Provided that where as a person ceases to be a member of the society under sub-Section ‘h’ of Section 6 he/she shall be eligible for re-admission as a member of the society if and when the sentence is annulled on appeal or revision.

(a) Application for admission as ‘A’ Class members shall be made to the President of the Society in the form prescribed for the purpose along with Rs.15/-(cost of one share + entrance fee Rs.5/-) and two recently taken passport size photographs of the applicant ,provided that there shall not be any entrance fee and photograph for ‘B’ class membership.Every such application shall be disposed of by the Board of Directors who shall have the power to grant admission or refuse it after recording reasons for refusal provided however that any person whose application has been refused by the Board of Directors may appeal in the first instance to the Registar of Co-operative societies and if the Registrar so directs,he shall be admitted as a member of the society.

(b) When a member resigns his membership,shall send a letter of resignation by registered post to the Secretary of the Society and such resignation shall take effect from the date on which the letter reaches him.The value of shares allowed to be withdrawn or the share capital of a member who has resigned his membership shall be paid back to him with dividend declared if any.The total share capital withdrawn or returned in any one year shall not however exceed ten percent of the aggregate paid upshare capital of the Society as it was on the 30^th June,preceding. The limit shall not include the refunds under section 8 and 34.

 Should a member cease to be eligible for membership either on account of the termination or resignation of his service in the Rubber Board,the Board of Directors shall remove his name from the list of members and shall pay back to him the share capital actually paid by him with the dividend declared,if any,after deducting therefrom any dues from him to the Society either as principal debtor or surety.

•   If any member dies ,his membership shall ifso facto cease and the share capital actually paid by him with the dividend declared if any,after deducting therefrom any dues he has to the Society either as principal debtor or surety shall be paid to his nominee or in the absence of any such nomination to his legal representative.

•  Every member may nominate any person to succeed in the event of his death,to his share or interest in the Society.such nomination will have validity only if it was signed by the deceased in the presence of at least two witnesses attesting the same and has been registered in the books,of the Society kept for the purpose.

 A past member shall be liable as provided in bye-law 3 for the debts due by the society as they existed on the date when he ceased to be a member for a period of two years from such date.

 The estate of a deceased member shall be liable as provided in bye-law 3 for the debts due by the society as they existed on the date of his decease,for a period of two years after his decease.