Redemption of shares: prior approval required for certain authorities; others follow bye laws or agreement, redeemed at face value. Shares held by certain authorities in multi State co operative societies require prior approval before redemption and otherwise may be redeemed as agreed with those authorities; shares held by other authorities are redeemable in accordance with the society's bye laws or, if silent, by agreement with those authorities; all such redemptions are at the face value of the shares.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Redemption of shares: prior approval required for certain authorities; others follow bye laws or agreement, redeemed at face value.
Shares held by certain authorities in multi State co operative societies require prior approval before redemption and otherwise may be redeemed as agreed with those authorities; shares held by other authorities are redeemable in accordance with the society's bye laws or, if silent, by agreement with those authorities; all such redemptions are at the face value of the shares.
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