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SHARE (ONLY MEMBERS)

MAXIMUM SHARES TO BE HELD BY A MEMBER

No member shall be allowed to hold more than 10000 (ten thousand) shares. The value of each share is of rupees 10 only which shall be paid of or shares subscribed by each member shall be in full in one lump sum.

TRANSFER OF SHARES

member may transfer his shares as per provision of Orissa Co-operative Societies Act and rules and with the consent of the Board of Directors to a member or members provided such shares were held by him for a period of at least twelve months prior to the date of the transfer. In considering an application for transfer of shares the Board shall take into consideration the indebtedness of the applicant to the Society.

PAYMENT OF SHARE MONEY ON CESSATION OF MEMBERSHIP
SHARE CERTIFICATE

A member shall be entitled to a certificate under the common seal of the Society specifying the share or shares held by him. If such a certificate is worn out or lost, a duplicate certificate may be obtained on payment of twenty five paise only.