Amendment of Section 55

11. In Section 55 of the Principal Act,

1. (i) for the words "one thousand" wherever they occur, the words "ten thousand" shall be substituted;
2. (ii) after sub-section (4), the following sub-section shall be inserted, namely:, "(4-A) Every person who,

1. (a) destroys, mutilates or alters any book or securities, or is privy to the making of any false or fraudulent entry in any register, book of account or document belonging to the co-operative; or
2. (b) invests fund of co-operative other than as provided in this Act and the bye-laws, shall be guilty of an offence and shall on conviction be punishable with imprisonment which may extend to three months or with fine which may extend to ten thousand rupees or with both.".