Constitution or recognition of federal society to supervise working of societies.

Constitution or recognition of federal society to supervise working of societies. (1) The State Government may constitute committee or recognize one or more co-operative federal societies in such manner as may be prescribed and subject to such conditions as the State Government may impose for the supervision of a society or a class of societies and may frame rules for making grants to any such committee or federal society. (2) The State Government may, by general or special order, require of 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 State Government or any person authorized 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 authorities such fee as may be prescribed within a reasonable time and, if it fails to pay such fee within a reasonable time, the authority any recover it as if it were an arrear of land revenue.