section 49-E
Appointment of Managing Director and Chief Executive Officer in certain circumstances
The Chhattisgarh Co-operative Societies Act, 1960Corporate1960195 sections
Statutory text
- (1) (a) Notwithstanding anything contained in this Act or rules or bye-laws made thereunder, for any such apex society, where the State Government has subscribed to its share capital or has given loans or financial assistance or has given guarantee for the repayment of loans given in any other form, there shall be a Managing Director not lower in rank than a First Class Officer who shall be selected by a committee constituted at the State level consisting of the Agriculture Production Commissioner, the President of the apex society, the Registrar, Co-operative Societies and a director nominated by the Board of the apex society: Provided that if the committee fails to select the Managing Director unanimously, the matter shall be referred to the State Government whose decision shall be final thereon. (b) The Managing Director shall be an ex-officio member of the committee. (2) (a) For every central society, notwithstanding anything contained in this Act or rules or bye-laws made thereunder, where the State Government has subscribed to its share capital or has given loans or financial assistance or has given guarantee for the repayment of loans, debentures or advances or has given grants in any other form, there shall be a Managing Director or General Manager not lower in rank than a Second Class Officer rank who shall be the Chief Executive Officer of the society and an ex-officio member of the committee. (b) Appointment of Chief Executive Officer- (i) shall be made from among the officers of the cadre maintained under section 54, if such cadre has been created; (ii) in other cases, shall be made with the prior approval of the Registrar: (c) The Chief Executive Officer shall perform such duties and exercise such powers as may be prescribed.
Study data processing for this section.
PDF: pending for this language.