GCSA 73A — Freedom for affiliation or disaffiliation with a federal society of choice

Gujarat Co-operative Societies Act, 1961

Statutory text

Notwithstanding anything contained in this Act or the rules for the time being in force, the societies in the co-operative credit structure shall be at liberty to affiliate or disaffiliate with any federal society of its choice provided a resolution approving such affiliation or disaffiliation with a federal society is passed in the annual general meeting held for the purpose with three-fourth majority of total members, and subject to the rules as may be prescribed and the guidelines issued by the Reserve Bank of India.

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