VISWANATHA SASTRI, J.

( 1 ) THIS is an application by a member of the Andhra Co-operative land Mortgage Bank Ltd. , for a writ of certiorari quashing the resolution of the Executive Committee of the Bank dated 10th July, 1955, allotting shares to persons who had no residence or registered address within the area of the Bank s operations. In view of the arguments addressed to us it is necessary to refer to the constitution of Bank and its by-laws.

( 2 ) THE Madras Co-operative Central Land Mortgage Bank, Ltd. , (hereinafter referred to for the sake of brevity as " the Madras Bank") was established in 1929 under the Madras Co-operative Societies Act, 1920, with its registered office at Madras primarily for the purpose of financing mortgage banks operating in the area comprised in the old composite State of Madras. Shortly before the formation of the state of Andhra, Madras Ordinance II of 1953 was passed authorising the establishment of the Andhra Co-operative Central Land Mortgage Bank (hereinafter referred to as " the Andhra Bank ") for financing the mortgage banks operating in the area comprised in the State of Andhra. The Registrar of Co-operative Societies, Madras and the Madras

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