RAMAPRASADA RAO, J. :- These writ appeals are directed against the common judgment in W. P. Nos. 1744 and 1951 of 1969 rendered by Alagiriswami J. In the first instance it came up before a Division Bench consisting of my Lord, the Chief Justice and Gokulakrishnan J. The Division Bench felt it desirable to place the matter in question arising in these appeals before a Full Bench and observed :

"S. 72 of the Madras Co-operative Societies Act 1961 calls for interpretation. A Division Bench of this Court, in W. A. No. 113 of 1969 (Mad), has taken a particular view of the scope and effect of it, with which, prima facie, with due respect, we do not find ourselves in agreement. The question is one of importance and will affect all the Co-operative Societies in the State. We consider, therefore, that the matter should be placed before a Full Bench for decision."

The subject having been set once again for hearing before us, we are called upon in the main to consider the scope and content of S. 72 of the Madras Co-operative Societies Act, 1961, hereinafter referred to as the Act.

2. A few relevant facts touching upon the matter in issue may be noticed before the scheme of the Act, its