https://www.taxtmi.com/caselaws?id=99383 Membership cessation clauses in a trade association were construed as directory rather than automatic where the rules required committee action, allowed readmission, and the association's conduct showed that default in subscription did not itself end membership. A winding-up order was also not read literally to produce immediate forfeiture of valuable commercial rights while appeal and reconstruction proceedings were pending. Under the export canalisation scheme, quota allocation had to be made through the association and on the basis of membership and past performance; a non-member could not claim quota. On the facts, the company remained a continuing member, so its quota entitlement survived and the relief granted to it was maintained. en-us Wed, 19 Jan 1977 00:00:00 +0530 Fri, 27 Jan 2012 11:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99383 Membership cessation clauses in a trade association were construed as directory rather than automatic where the rules required committee action, allowed readmission, and the association's conduct showed that default in subscription did not itself end membership. A winding-up order was also not read literally to produce immediate forfeiture of valuable commercial rights while appeal and reconstruction proceedings were pending. Under the export canalisation scheme, quota allocation had to be made through the association and on the basis of membership and past performance; a non-member could not claim quota. On the facts, the company remained a continuing member, so its quota entitlement survived and the relief granted to it was maintained. Case-Laws Companies Law Wed, 19 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99383