Whether Section 25 company entitled to have two kinds of memberships

The crux of the controversy is whether the appellant which is a Company incorporated under Section 25 of the Companies Act, 1956 is entitled to have two kinds of memberships as aforesaid. The only difference in the rights of the two kinds of members is that while the “Member Exporters” have a right to elect and to be elected as office bearers of the appellant, the “Registered Exporters” have no such right. The respondent no.1/writ petitioner is a Body/Association of Exporters, though members of the appellant but having neither voting rights nor right to be elected. They are hereina...