Limitation

("Limitation")

1. (1) Notwithstanding anything in the Limitation Act, 1963, but subject to the specific provisions made in this Act, the period of limitation for referring any dispute of the nature referred to in Section 61 shall—
   • (a) if the dispute relates to the recovery of any sum, including interest thereon, due to a society by a member thereof, be six years computed from the date on which such member dies or otherwise ceases to be a member of the society;
   • (b) if the dispute relates to any act or omission specified in clause
   • (c) of sub-section
2. (2) of Section 61, be six years from the date on which the act or omission alleged to have taken place or occurred;
   • (c) if the dispute relates to any matter other than those specified in clauses
   • (a) and (b), be six years from the date on which the act or omission with reference to which the dispute arises, took place.
3. (2) The Registrar may admit a dispute after the expiry of the period of limitation specified in sub-section (1), if the applicant satisfies the Registrar that he had sufficient cause for not referring the dispute within such period.