Appointment of custodian in certain circumstances.

Appointment of custodian in certain circumstances. (1) Where in respect of any society including a society existing immediately before the commencement of the Gujarat Co-operative Societies (Ahmedabad) Ordinance, 1982 a new committee of management is, for any reason whatsoever, not elected before the expiry of the term of office of members of a committee of management of such society, (not being a committee referred to in section 80A) or having been elected not functioning the Registrar may by an order in writing, appoint a person or a committee of persons to be the custodian of the society until a new committee of management is elected or, as the case may be, starts functioning. (1A) The Registrar shall hold election of such society within a period of two months and the Committee shall be constituted before the expiration of that period. (2) The custodian so appointed shall, subject to the control of the Registrar and to such instructions as he may from time to time give, have powers to exercise all or any of the function of the committee, and take all such actions as may be required in the interest of the society. (3) All acts done or purported to be done by the custodian during the period when the affairs of the society are carried on by such custodian, shall be binding on the new committee of management.