The interest of the expelled Member in the capital/property of the Society Bye - Law 53

If the meeting of the general body of the Society has decided not to forfeit the shares, the interest of the expelled Member in the capital/property of the Society and the value thereof shall be acquired by the Society and the value thereof shall be paid to the expelled Member, within 3 months of his handing over possession of his flat or his eviction from it, after following the procedure as laid down under the Bye-law No. 64 in respect of payment of the value of the shares and interest in the capital/property of the Society acquired by the Society.