section 127
Penalty for contravention of section
The Dadra and Nagar Haveli and Daman and Diu Co-Operative Societies Regulation, 2024Corporate2024155 sections12 chapters
Chapter XII INSURED CO-OPERATIVE BANK
Statutory text
For contravention of the provisions of section 81, an officer—
- (i) who is a servant of a society, shall be liable to pay a penalty not exceeding ten thousand rupees;
- (ii) who is not a servant of the society, the Registrar may by an order in writing declare such officer to be disqualified for being an officer or a member of the Committee of the society or for being elected or appointed to any office of the society, for such period not exceeding six years as he may specify in the order: Provided that before making an order under this section, the Registrar shall give or cause to be given, an opportunity to the officer to show cause against the act proposed to be taken against him.
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