Contribution to education fund of the State federal society,

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Chapter VI PROPERTY AND FUNDS OF SOCIETIES

Statutory text

(1) Every society shall contribute annually towards the education fund of the State federal society which may be notified in this behalf by the State Government a it such rate as may be prescribed, and different rates may be prescribed for different societies or classes of societies depending on their financial condition.
(2) Every society shall pay its contribution to the said fund within three months after the close of the co-operative year. Any officer willfully failing to comply with the requirement of this section, shall be personally liable for making good the amount to the federal society notified as aforesaid.
(3) Where any society fails to pay the contribution within the period specified in sub-section (2), the amount of contribution due shall be recoverable as an arrear of land revenue and on the State Federal Society making a report of such failure to the Registrar, the Registrar shall, after making such inquiry as he deems fit, grant a certificate for recovery of the amount due as an arrear of land revenue.

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