The Punjab State Cooperative Bank Ltd; — The punjab co-operative societies act 1961

## Page 1 BYE-LAWS The Punjab State Cooperative Bank Ltd; Chandigarh ## Page 2 BYE-LAWS OF THE PUNJAB STATE COOPERATIVE BANK LIMITED CHANDIGARH CONTENTS Page No. Sr. No. Name, Address and Area of operation 1. 1 Definitions. 2. 2 Objectives 3. 3 Objects 4. 2 Banking Business 3 5. Authorised share capital 6 6. Liability of members. 7. 6 Raising of money by deposits, debentures, loans 8. 7 subsidies etc. Membership 7 9. Admission of member and allotment of shares 7 10. Bank's lien on shares 11. 9 Bank not bound to any but a registered member 9 12. Removal from membership 13. 10 Termination of membership 14. 11 Share certificate by whom to be signed 11 15. Approval and replacement of certificate 11 16. Transfer of shares. 17. 11 18. Minimum shares 12 Maximum Credit limit 12 19. General Body 20. 12 The General Body Meeting where to be held 12 21. Special General Body Meetings 12 22. Requisition to State the object of the meeting 22.3 13 On receipt of requisition Board to convene meeting 22.4 13 Notice of General Body Meeting 13 22.5 Notice by whom to be signed 22.6 13 Business to be transacted in meeting 22.7 13 Quorum for General Body Meeting 22.8 13 If the quorum not present, meeting to be 14 22.9 dissolved or adjourned Chairman of meeting 22.10 14 Resolution how to be decided 23. 14 General Body Supreme 24. 14 Business of annual general Body meeting 14 25. Removal of elected member 15 26. Number of votes to which member is entitled 27. 15 28. Minutes 15 Board of Directors 15 29. Election of the Board 16 30. Vacancy, if any occurs 30.2 17 Disqualification of Directors 17 31. Meeting of Directors 32. 18 Requisition of meeting 18 33. Election of office bearers 34. 19 Powers of Chairman 35. 19 ## Page 3 Payment of allowance to Directors for attending meeting 36. 20 Powers of