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THE PUNJAB STATE FEDERATION OF CO-OPERATIVE HOUSE

unknown · 1961 · Punjab

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Parent: The punjab co-operative societies act 1961 (80818c3b2f7b6af570ae16ef340b7053b6bc2658)

Text

## Page 1 BYE-LAWS OF THE PUNJAB STATE FEDERATION OF CO-OPERATIVE HOUSE BUILDING SOCIETIES LIMITED, ROPAR, TEHSIL - ROPAR, DISTRICT - ROPAR HEAD OFFICE : CHANDIGARH ## Page 2 NAME, ADDRESS AND AREA OF OPERATION The Society shall be called THE PUNJAB STATE FEDERATION OF COOPERATIVE HOUSE BUILDING 1. SOCIETIES LIMITED. It shall be referred to hereinafter as the FEDERATION. The registered address of the Federation shall be the Punjab State Federation of Cooperative 2. House Building Societies Limited Ropar at Chandigarh. The postal address of the Federation shall be "The Punjab State Federation of Cooperative House Building Societies Limited Ropar at Chandigarh." Any change in this address shall be made through an amendment in these bye-laws and shall be notified to the Registrar within 30 days of such change. The area of operation of the Federation shall be the whole of State of Punjab. 3. Definition 4. "Acts" means the Punjab Cooperative Societies Act for the time being in force. (i) "Rules" means the Punjab Cooperative Societies Rules for the time being in force. (ii) "Registrar" means a person appointed to perform the functions of the Registrar, Cooperative (iii) Societies under the Act and includes any person appointed to assist the Registrar when exercising all or any of the powers of the Registrar. For the purpose of these bye-laws, the Registrar in this behalf by a general or special order. "Bank" means the Cooperative Bank with which the Federation is affiliated. (iv) "Board" means the Board of Directors of the Federation. (v) "Managing Director" means the Managing Director of Punjab State Federation of Cooperative (vi) House Building Societies. (vii) Deleted. "Trustee" means a trustee for the holders of debentures issued under bye-law 15 of these bye- (viii) laws

Rule TOC

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9 · (a) The authorised share capital of the Federation shall be Rs. 50,00, 00, 000/- divided into
10 · (a) A member of the Federation may be expelled for any one or more of the following reasons :-
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14 · (i) Maximum credit limit of the Federation shall be fixed by the General body of the Federation
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27 · (a) Atleast 15 days notice specifying the date, time, place and agenda of the general meeting shall
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46 · (i) The pecuniary resources of the Federation shall be utilised primarily for the grant of loans or
47 · (a) Board shall fix the rate of interest to be charged on loans to be advanced by the Federation to
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57 · (i) In pursuance of the provision of Section 30 of the Act, the Federation shall be a body corporate
58 · (I) The net profit of the Federation as per audited balance sheet shall be distributed as follows :-
58 · (ii) The allocation of net profits recommended by the Board in consultation with Registrar shall be
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