Amendment in Section - 41 of the Act VI, 1935

Sub-section (1), (2), (3) and (4) of Section 41 of the said Act shall be substituted by the following, namely:-(1) In the opinion of the Registrar, the Board of any Registered Society, the State Government has contributed to the share capital therein, or loan or financial aid has been provided by the State Government or loan has been provided on Government guarantee, (i) is persistently making defaults or