The Punjab State Cooperative Bank Ltd; Chandigarh

BYE-LAWS The Punjab State Cooperative Bank Ltd; Chandigarh BYE-LAWS OF THE PUNJAB STATE COOPERA TIVE BANK LIMITED CHANDIGARH CONTENTS Sr. No_ Page No_ Name, Address and Area of operation 2 Definitions_ 2 Objectives 3 Objects 2 5 Banking Business 3 6 Authorised share capital 6 7 _ Liability of members 6 8 Raising of money by deposits, debentures_ loans 7 subsidies etc Membership 10_ Admission of member and allotment of shares 7 11_ Bank's lien on shares 9 12_ Bank not bound to any but registered member 9 13_ Removal from membership 14_ Termination of membership 15_ Share certificate by whom to be signed # 16_ Approval and replacement of certificate 17 _ Transfer of shares 18 Minimum shares 12 19 Maximum Credit limit 12 20_ General Body 12 21_ The General Body Meeting where to be held 12 22_ Special General Body Meetings 12 22.3 Requisition to State the object of the meeting 13 22.4 On receipt of requisition Board to convene meeting 13 22.5 Notice of General Body Meeting 13 22.6 Notice by whom to be signed 13 22.7 Business to be transacted in meeting 13 22.8 Quorum for General Body Meeting 13 22.9 If the quorum not present, meeting to be 14 dissolved or adjourned 22.10 Chairman of meeting 14 23_ Resolution how to be decided 14 24 General Body Supreme 14 25_ Business of annual general Body meeting 26_ Removal of elected member 15 27_ Number of votes to which member is entitled 15 28 Minutes 15 29_ Board of Directors 30_ Election of the Board # 30.2 Vacancy, if any occurs 31_ Disqualification of Directors 32 Meeting of Directors 18 33 Requisition of meeting 18 34 Election of office bearers 19 35_ Powers of Chairman 19 36_ 37_ 38 38.2 38.3 39 40_ 41_ 41.2 42 43 44_ Payment f allowance to Directors for attending meeting Powers of the Board of Directors Executive Committee Quo

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