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Tuesday 6 July 2021

Voting Rights of Members - 154B - 11

What are the voting rights of members of cooperative societies? | What is the basic principle followed for voting in a cooperative society?

Voting Rights of Members as per the MCS Amendment ACT 2019  154B-11 described as follows: 

(1) No Member of society shall have more than one vote in its affairs:

Provided that, every right to vote shall be exercised personally: 

Provided further that, in the case of an equality of votes, the Chairman shall have a casting vote in the meeting of a society.

(2) The Associate Member shall have right to vote with prior written consent of a Member.

(3) The provisional Member shall have right to vote.

(4) In case of joint Member the person whose name stands first in the share certificate, shall have right to vote. In his absence, the person whose name stands second, and in the absence of both, the person whose name stands next and likewise, who is present and who is not a minor, shall have right to vote.

(5) In case of Association of society, authorized Member of member society shall have right to vote. 

(6) In case of company or firm or any other body corporate or local authority or any legal body constituted under any law for the time being in force, the authorized director or person or any one of the partners as appointed by the firm, shall have right to vote.

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