Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendments clarify that nominal or associate members in multi-State co-ops can't vote or manage, but can hold non-voting shares.</h1> A multi-State co-operative society may admit individuals as nominal or associate members if allowed by its bye-laws. These members are not entitled to participate in management activities, such as voting, electing directors, or attending general body meetings. They can, however, be issued non-voting shares, which do not grant management rights. In the case of multi-State co-operative banks, the issuance of such shares must comply with Reserve Bank instructions. Recent amendments have clarified these provisions, ensuring nominal or associate members have no management interest or voting rights within the society.
TaxTMI 
TaxTMI 
