Constitution or recognition of federal society to supervise working of societies

Corporate2024155 sections12 chapters

Chapter VIII AUDIT, INQUIRY, INSPECTION AND SUPERVISION

Statutory text

(1) The Administration may constitute Committees or recognise one or more co-operative federal societies in such manner as may be prescribed and subject to such conditions as the Administration may determine, for the supervision of a society or a class of societies and may frame rules for making grants to such Committee or federal society.
(2) The Administration may, by general or special order in writing, require a society or a class of societies to make contribution of such sum every year as may be fixed by the Registrar towards the recoupment of expenditure which the Administration or any person authorised or a Committee in that behalf has incurred or is likely to incur, in respect of the supervision of societies.
(3) A society to which sub-section (2) is applicable shall pay to such authority such fee within such period as may be prescribed and, if it fails to pay such fee within the period, the authority may recover it as if it were an arrear of land revenue.

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