Short Answer

A member can withdraw from a cooperative society by giving written notice to the society. The refundable deposit can be returned to the member after deducting any outstanding dues.

Detailed Explanation

Section 30 of the Gujarat Cooperative Societies Act, 1961 deals with the withdrawal of a member from a society. This section states that a member can withdraw from the society by giving written notice to the society. Upon receiving the notice, the society must refund the refundable deposit to the member after deducting any outstanding dues.

Rule 45 of the Gujarat Cooperative Societies Rules, 1965 provides further details on the process of refunding the deposit to a withdrawing member. The rule specifies that the society must calculate the amount to be refunded to the member after deducting any loans or other dues owed by the member to the society.

In practice, when a member decides to withdraw from a cooperative society, they need to submit a written notice to the society stating their intention to withdraw. The society will then calculate the refundable deposit amount after deducting any outstanding dues such as loans or fees. The remaining amount will be refunded to the member within a specified period.

Real-world Scenarios

• Mr. Patel, a member of a cooperative society, decides to withdraw from the society due to personal reasons. He submits a written notice to the society requesting withdrawal. The society calculates his refundable deposit after deducting a pending loan amount, and the remaining balance is refunded to Mr. Patel.

• Ms. Desai, another member of a cooperative society, wants to withdraw as she is relocating to another city. She provides a written notice to the society, and after deducting her outstanding fees, the society refunds the deposit amount to her.

• In a different scenario, Mr. Shah wishes to withdraw from a cooperative society but has no outstanding dues. In this case, the society refunds the entire refundable deposit amount to Mr. Shah without any deductions.

Reference

• Section 30 of the Gujarat Cooperative Societies Act, 1961: Official PDF

• Rule 45 of the Gujarat Cooperative Societies Rules, 1965: Official PDF