Government's power to make scheme of reorganisation in the public interest

Corporate1960195 sections

Statutory text

(1) Notwithstanding anything contained in this Act or the Rules made thereunder. if the Government, on receipt of a report from the Registrar or otherwise, is satisfied that in the public interest it is necessary to reorganise any society or societies for the purpose of securing proper implementation of development programmes or for promoting the interest of the cooperative sector, it may make such scheme of reorganisation and issue orders to implement the said scheme. (2) There shall be the provisions in scheme of reorganisation regarding: (a) Method of reorganisation; (b) Procedure for reorganisation; (c) To the membership, registration, management, assets and liabilities, powers, rights, interests, duties, staff and conditions of employment of such society or societies which are made after reorganisation; (d) Such other consequential, incidental and supplementary provisions as may be necessary; (e) Any other subject as may de emed necessary by the State Government. The State Government may modify or cancel any reorganisation scheme made or issue orders under sub-section (1). The provisions regarding every reorganisation scheme and the orders issued by the State Government shall be binding upon the interested parties. Every scheme of such reorganisation shall be published in the official Gazette for general information.

Study data processing for this section.

PDF: pending for this language.