Whether the managing Committee is empowered to collect transfer premium more than Rs 25000/- if general body passed such resolution.?

Whether the managing Committee is empowered to collect transfer premium more than Rs 25000/- if general body passed such resolution.?

Bye law number 38 provides that the CHS may collect amount of premium at the rate to be fixed by the General Body meeting but within the limits as prescribed under the circular issued by the Department of Co-operation, Government of Maharashtra from time to time and therefore the general body’s resolution contradicting the Government circular shall not be acted upon. The maximum limit laid now currently is Rs 25,000/- towards amount of the preminu.

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