Registrar's power to enforce performance of obligations

Corporate1960195 sections

Statutory text

(1) Every society shall maintain such records, registers and books of accounts and shall provide such information and returns as may be required by him from time to time.
(2) Every society shall specifically fix the responsibility on an officer or employee to maintain such records, registers and books of accounts and to provide such information and returns, as the Registrar may require by order from time to time, within the period specified in such order.
(3) If any such officer or employee of the society, on whom the specific responsibility has been fixed under sub-section (2), does not maintain the records, registers and books of accounts and does not provide such information and returns, as the Registrar may require, within the specified time, then the Registrar may, by order, declare that such officer shall be disqualified for being a member of the committee for such period not exceeding three years as he may specify in such order, and if such officer is an employee of the society, he may impose upon him a penalty not exceeding Rs. 5,000: Provided that no order under this sub-section shall be made unless the person concerned is given a reasonable opportunity of hearing.

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