s 51
(1) The High Gommissionor in Counoit may Rules. make all such rules as may be necessary for the purpose of carrying out or giving effect to the princíples and provisions of this Ordinance. (2) In particular and without prejudice to the generality of the power conferred by sub-section (1) of this section, such rules may- (Act.A-334/76) (aa) fa) prescribe the forms to be used and the (3ul.HiA:33476) conditions to be complied with in applying for the registration oi a socIet he procedure in the matter of applications; (5) prescribe the conditions to be complied with by persons applying for admission admitted as members, and provide for the and admission of members from time to time, and the payment to be made and interest to be acquired before exercising rights of membership; Jan No. 33 OF 1948. (c) subject to the provisions of section 27 of this Ordinance, prescribe the maximum number of shares or portion of the capital of à registered society which may be held by a member; (d) prescribe the extent to which a registered society may limit the number members; (e) provide for the withdrawal and expulsion of members and for the payments, if any, to be made to members who withdraw or are expelled, and for the liabilities of past members; (V) provide tor general meetings of the members and for the procedure at such meetings and powers to be exercised by meetings; (9) provide for the appointment, suspension and removal of the members of the Committer and other officers, and for the procedure at meetings of the Committee and for the powers.to be exercised and the duties to be performed by the Committee and other officers; (h) prescribe the matters in respect of which a society may or shall make "by-laws and for the procedure to be foilowed in making, altering and rescinding by-laws, and the conditions to be satisfied prior to such making, alteration or recission; (i) regulate the manner in which funds may be raised by means of shares or debentures or otherwise; (i) prescribe the conditions to be observed by a. society applying for firtancial assistance from Government; (k) prescribe the payments to be made, conditions to be complied with, and the forms of the bonds, instruments or other - documene to loans or cad, bredits, bers period for which loans may be made or credits granted, and the maximum amount which may lent and maximum credit which may be allowed to individual members with or without the• consent of the Reg strar; on 27 of this mum number e capital of ay be held by a registered nber of its expulsion of ts, if any, to hdraw or are ities of past the members meetings and ed by such spension and le Committee procedure at and for the : duties to be e and other , of which laws and for in making, LWS, and the ior to such n; inds may be lebentures or sserved by a for financial made, the th, and the nts or other by members credits, the y be made e maximum it and the e allowed to without the -om CO-OPERATIVE SOCIETIES. (1) provide for the mode in which the valúe of a deceased member's interest shall be ascertained, and for the nomination of a person to whom such interest may be paid or transferred; (m) provide for the mode in which the value of tize interest of a member who hus become unsound mind incapable managing himself or his aftairs shall be ascertained and tor the nomination of any person to whom such interest may be paid (n) provide for the formation and the maintenance of reserve funds, and the objects to which such funds may be applied, and for the investment of any funds under the control of any registered society; (o) prescribe the conditions under which profits may be distributed to the members of a society with unlimited lisbility and the maximum rate of divide nd rhich may be paid by societies; (p) prescribe the accounts aind ooks to be kept societi, and for the periodical publication of a balance sheel showing the assets and liabilities of a registered society; (9) provide for the audit of the accounts of registered societies and for the charges, if any, to be made for such audit; (r) prescribe the returns to be submitted by registered societies to the Registrar and the persons by whom and the Iorm in which the same are to be made; (s) provide for the persons by whor1, and the torm ın which copies of entries in books of registered societies may be certified; (t) provide for the formation and maintenance of • register of members, where the liabilitv of members is limited by shares, of a register of shares; (u) provide for the inspection of documents and registers at the Registrar's office and the lees to be paid therefor and for the issue i copies of such documents or recisters: (v) prescribe the manner in which any question as to the breach of any by-law or contract relating to the disposal of produce to or Janı Penalty for noncompliance with Ordinance. Subs. Act17/66 (1-4-66) 0,54/55 Repeal. 0: 2/57. No. 33.OF 1948.