: (1) In the event that a member renounces his membership, the following amount due to him according to sub-section (1) of section 64 of the Act shall be returned to him within thirty days of passing the audit report of the financial year in which he renounced his membership:- (a ) an amount equal to the quoted price of his shares, (b) the amount due to him for share dividends, (c) the amount due to him for the return of protected capital.
(2) Notwithstanding anything written in sub-rule (1), in case the organization is in loss, the amount of the accumulated loss shall be proportionally deducted from the share capital and the remaining amount shall be retained and returned to the members only.
(3) According to sub-section (2) of section 64 of the Act, the savings amount deposited in the organization shall be returned immediately with interest whenever requested by the member. However, the amount of periodic savings will have to be returned after paying the fixed period.