section 52
Power to appoint Government nominees.
The Chhattisgarh Co-operative Societies Act, 1960Corporate1960195 sections
Statutory text
- (1) Where the State Government –
- (a) has subscribed to the share capital of a society; or
- (b) has assisted indirectly in the formation or augmentation of the share capital of a society as provided in section 45; or
- (c) has guaranteed the repayment of principal and payment of interest on debentures issued by a society; or
- (d) has guaranteed the repayment of principal and payment of interest on loans and advances to a society; the State Government or any authority specified by the State Government in this behalf shall have the right to nominate such number or Government official not exceeding two as it may deem fit on any or all of the committees of such society.
- (2) A person nominated on the committee of a society under sub-section (1) shall hold office for such period and on such conditions, as may be prescribed.
- (3) Notwithstanding anything contained in this Act, every person nominated on the committee of a society under sub-section (1) shall have one vote in such committee; Provided that nominated person shall not be entitled to vote in any election of the office bearers of the committee of the society.
- (4) When the Government has subscribed to the share capital of, or has guaranteed the repayment or principal and payment of interest on loans and advances to, a society to the extent of Rs. 3 Lakhs or more and the society has incurred loss to the extent of twenty-five per cent, or more of its owned capital, the State Government may, Notwithstanding anything contained in this Act, the rules made thereunder or byelaws of the society, nominate one of the members nominated by it under sub-section (1) as Chairman of the committee of the society and further appoint one of the nominated members as Managing Director/ General Manager/ Manager of the society.
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