(1) No person shall be admitted as a member of a multiState co-operative society except the following, namely:—

(2) No individual person shall be eligible for admission as a member of a national co-operative society or a federal co-operative.

(3) Any person eligible for membership of a multi-State co-operative society may, on his application, be admitted as a member by such society.

(4) Every application for admission as a member of a multi-State co-operative society shall be disposed of by such society within a period of four months from the date of receipt of the application, and the decision of such society on the application shall be communicated to the applicant within fifteen days from the date of such decision:

Provided that if the application is not disposed of within the period aforesaid, or the decision is not communicated within a period of fifteen days of the expiry of the aforesaid period of four months, the multi-State co-operative society shall be deemed to have made a decision, on the date of expiry of such period, refusing admission to the applicant.

(5) It shall be the duty of every member of a multi-State co-operative society to promote and protect the interests and objects of such society.