Preamble qLo

FMQLI b.7. I ‘QaA/J @Wh/B/flgi ' “4’de M No. 1.5%ng t ‘TI'HE MANIPUR Co-OPERATNE SOCIETIES :Lk mm .(AMENDMENDBILL‘; 19,34 __ i‘o amenii th‘e Manipurv Comparative SoCieties Act, (Mdniprwr’Acfi N6:-14"t3f 1975).? ' BE it ena’C’ced ‘by the LegisI-atfire o: Mafiipfir in the Wy—fifth Year of theReDIilbl'fc Ofllldia as fOHOWS: _ . 1- (D'This AC1: may be calléd’the’ manipu'r (3040133 ative Short title Suzieties (mnendmang ACtJ “1934; '1 } 7/ ‘ ' " ,, and com- (2) It Shali come into forte “on the daté of its publi- mtiqn in the Official Gazette. mencement. ,«~N_<.__M...CA...

,727 - Amqmgm» , *2. In sectional}? of themampur CamberafiveSo‘ciefiesC 0‘ ”cm“ 47‘ Act, (hereinafterreferred ti) astheprmmpal ACflr? '- i (t) z in the Explanation bffhs‘fibl'sec‘tion‘ (1);“7’be-th'e wordg7-5 _ « “estats” “the word “assets” l Shall be substituteci ;‘ ~ (ii) in clause (b) of 'Subsection (3), ‘ for the =Word- “branch”, the word ' “breach” shall be substituted. " '3 Amen’dmeng‘ In ”clause (e) of section of the principal Act, ‘I 0' semen 48-- for the Word ‘.'contravent” the word "contravention” aha]! e1 be-suhstituted; ‘ , / , Amendm; r A 4. For, sfib—sections (n'and-(z) of's-ection of the » ‘ . ofsectibn principal Act, the following '77sha11' be substituted, I V ' ‘namely,— . f, , - “(1) Every .7society shall contribute annualiy towards the ’Eflucation Fund of the -Manipur‘State ‘ ‘Go-bperative 'Ugfion which may be fictified in this 7‘ behalf by the State Government at Such rate as may _ be .mhsertbed and different rate may ,be pmsaibed . ‘ for different soeieti'es or classes of societies depending on their financial conditions. ‘ L ‘ (2) Every. isociet‘y' 'shaB pay its contgibution “ta the; “said“ andgmyvithin two months from the .date , On which its‘ accounts are adopted by the general , meeting. Any officer wilfully failing _ to 'cdmplyx With the requirement of this section shall be perso— nally liable for making good the mnmygt to 1313* ManmurStatevamaatlv ‘ $11.32;“; _,_;- - A--q7fl-..'.u<~— , . . §”:: 3‘3‘3: ‘17:“; ;+:;;‘L7i:;y__;=_,,,_.:§i37 7' - M E ;- Amenqment _ 5. 'In the ‘p‘i'ovi‘so 31:0 s‘ub—sectlon (2)77ofjseetlon DE ' ' ofsecuon 73. ' " the principal Act, for the‘Wérd "Will”,fthe 7‘Woi‘7d “fill” _ shall be substituted; jtnd fihe sub-s'ection- (4)5115]?! he " substituted byfithe felloWin , namely,e— - _ '_ ' ‘ ' ’13 ‘ " “(4) '1! Thekoe‘létigfailsiq pa11*thegenera1mééfing to elect the members of the Board of management as provided Hingqsubfisegtign (2),;- »_thef;~ Regisfifiai‘lma}: ' heminate7g7's1fch persqhgas :ungier Ithe :rules _ andbyézé law‘s are'duhlified’for being elected as members of fire- Boardefimanagementggng:the mmbflsfli‘imufinéta! {shall replace the 7e17eeted }- membersggi: the7,BaJmflfij management on/the expiry 013- their terms. “ . ' -

TheBoardsonominatedwillmanagetheaffm ofthesocietyforaperiodspecifiedintheorder, whichperiodmay,atthediscretionoftheRegistrar, beextendedfromtimetotime;sohdwever,that thetotalperioddoesnoteXeeedtWOyearsinthe aggregate. ” . 6. In Section 73A of the principél‘Aqtr; ”2 7(i)inlastfprovits‘io:t’ofdtbeu'b—sectionr.(1),7for;theword, 'Am