Supersession and suspension of committee

(1) If, in the opinion of the Registrar, the committee of any co-operative society,- (i) is persistently making default; or (ii) is negligent in the performance of its duties imposed on it under this Act or the rules or the bye-laws framed thereunder; or (iii) has committed any act which is prejudicial to the interest of the society or its members; or (iv) has failed to conduct elections in accordance with the provisions of this Act; or (v) has caused a stalemate in the constitution or functions, the Registrar may, after giving the committee an opportunity to state its objections, if any marginal heading substituted by Act No. 10 of 2013. Sub section (1) substituted by Act No. 10 of 2013.