Jsection

“may”,thewOrds‘“Oftheconcernedcohoperative7 instituti-onshell”shallbesubstituted: (ii)forsub-sections(2),(3)and(4)thefollOmngsub— sectionsshallbesubstituted,nam<ely,——‘- “(2)WheretheStateGovernment—7 ,_(:1)hasassistedindirectly111the1011113131111 1eragmenfation01thesharecapitalofa' -society,or (b)hasSubScribedtothesharecapitelofa CO—operativesociety,or1; (c)hasguaranteedinrepaymentofprincipal andpaymentsofinterestonloanand 77advancestoaco—operativesociety, tiheStateGovemmentoranyauthorityspecifledby itinthisbehalf,shallhavetherighttonominateto theBoard,Graverrfment?offi'cialsexpertintheline (oftheactivitiesoftheco-operative-sOc-iéties‘)tothe extentofonethirdof thetotal'number’ofits membersorthreemembersWhicheverisless." Providedthatthenominees0ftheStateGovern- ‘mentorofthefinancingbankorother‘co-operative institutionsshallinotgbeEntitledtovbteatelection. 7C(3)NopersonshallattheSametime,'bea memberoftheBoardofmerethanone1100thofthe ,sametypeorcategoryandmorethanthreesocieties ..ofdifferentisintypesorcategorles'‘ (4)Nopersonshallbeeligibleforbeingeleeteicl 777orappointedorcontinued'asamemberoftheBoard oranycommitteeifheisindefaultinrepaymentor paymenttoanysociety,includingco—operativebank,

.4» year from; the date! on which he C‘e‘asedto hold office, for re—electipn or appointment as, member the "Board or, as; the case ’may be, committee of that sdaiety'or":foi‘ election or appointmentto the Board, ‘01" committee of ' any other society”. AW M *5 7. .efibiseation (2) of. section: 74 of the principal of seam Act _ . , . 74. . : , (111171 clause (a); in_between the words “general” and ."9Ve;1'”,'_7ithe"word "control"? shall be inserted?" (1'1); in ¢1afi‘s'é"(e), for the 77mm “‘attentiofi”, theword _ , 75"traneaettiox1’7’ shall "be substituted; ‘ ‘ ' (iii) in clause (i), the word "conduce”, the word V ' .1:1;E‘cenduct”“shallf:be‘substituted.l v - ‘ ' Amendment 8. For subié‘éetiOn (7)6f’sée‘t'10fi375 ofthe"p1"1ncipa1 g; swim fiat, the 1911011111713 .sha'11 be substituted, namely,+ "(7) Na defaulting member or his Surety, Who is- in default_sin repayment of any loan or payment of ' 391151 sum due. to any society, including co¥operative 53111:, for argpei'ibd exceeding three months shall be entitled to vote in the general meeting of the society; , - including ’coQ-operative bank, and chh person shall ‘ ‘. beieligible to be a member of the Board or committee ,. qt any'co—ope‘rative institutions.”. ’ mew): ‘9. sub—section: (1)7 of section the prir71cipa1 Act, $1533”? ’the words “of thetime” shall be omitted. ' W 10. For sub-sections '(1‘) and (2) of section of the gmm« principal Act, the followingi‘shall be substituted, namely: "(1) Thé7RegiStfaf may, ofhis. own motion or on the applibation’offla,creditet 1‘01 a society inspect 01" :7 x direet» ahyibeisen,- afitherise‘dxby him by order in writing in this behalf, ‘to inspect books, cash and other property of the society: ’ -

5;, ; ngvided that no suhhr inspection shall be made, éfi‘ ttlie’hppikértibfi‘hffia feteditofi §un1i=mfih€hpphcant ~ satisfies the Registrar'thatfi’a:debt‘dsgfitfllfiuqém him and that he has demandedpayment thereof and has : méerecewedsatwiacuon wally»: a reathkfime * ' :20 w r. 3;;:(2)T:The Beststragr; shall fepmmuzhgaijeg‘tjhewegufts of any $9913 wpectlonr' ,, a ‘ ~.x‘v$1. ”(ay‘ij‘fgeherééthéw pee n; in 45- madestf ~ 1‘s own " l, Imotion>tof:th§f§ou’cflietye;;iand ‘ 13H , ‘3 (mwhemthemspe ct1on1's médeniheéppfica- ,- *3”; _ {tiemp 0f "a,_creditqg, :tq1.§he creditor and the 4'7"”‘SOCiety-Uag‘!zati-i‘f3“:7;: J.e-m, :_ ; 1:41; Iii"c1ahsgg(a3}6; fii‘jiwséfctidn’a) of sectiOn of the *priricipahAetzgfar thyex words: ?aDPOintment”, the word ”apmfiionmerfii .gha11;ber>sub§§itfit¢d- ' '25 -51_ 3:"; 1:"? _ r: W ‘35:; :41; 1,I ~ _ ‘In sab—sectlon (1') oiéeéizion of the principal'Act, , for thmwmésaf‘intent ;.ahc1;,fdjeife§ 72,, the words "intent to defaut’flshallb&tSQbSfitutSd: I ' ._,’r'3511:.”}f.?3‘."“7:51,1\,-'> 13; For sectionvflfi of the,,:pri:zcipal Act, the following shall be! substituted, namely,——- ’ _ ' 3“}1x, ' :“Decisien. of ' '96.'=The Registtar/or his nominee or the ‘ ‘Begi'strar or. boggrdfgf inominees may, after giving the his nominee pafiiqs tq‘the dispute reasonable oppor— 01’ board of ‘tunity 6f being heard, make an award W, noneihegdisppte, on the expenses incurred Amendment 0'section 85. Amendment ofsection 95‘. Subsfitulion ofsection bethe namesfiqwthe dispute in connection _ >«Méththelprggeedifigs,_ and the ,fees and :rexpenses‘ paYable ,to the Registrar or his ‘ ~ nominee'gxfkaslthe, case may be, board of , , nominees; and suCh an award shall not be ’ inwhd maely; on the groundthat it was «‘9 made af‘terixthe jexgiry of "the period fixed T , forg'decidmg—the dispute: by‘ the Registrar, andESha’glL §§1bjeet to appeal or review or. ‘: msiQiIbe bi dipg 0n (the parties to the , (5.5901935?“ti; v(:5A:‘:3

<'.Substitution,; ofsection 154. “'_5 14ForSeetmn154oftheprincipalAct,thefollowing. shahbesubstitutednamely;_;g,. 1,5*?‘7?,. ¢_;1:“: “PoWerofS’tate':154*(‘IYTheRegistrarimay,of‘hmm Governmentandmotionoronapplication,callforand; Reglstrartoc311"exammethemeordfofanyofiicer forproceedingssubordifiatét6him'notbeinQAddi- ’70?suboidinate:time}Reglstrar01'.JointRegistrar officersandtofindctheStateGpvermpen‘tmay,of passordersthere-itsownmotionoronapplication,cal! ,oxiTor“andexaminethe:retardsofthe RegistfahA&dit’ionaiRegistrar0r J01ntRegistrar,inrespectofany ”proceedingsnotbeingaprocEeding inrespectofwhichanappealliesto ‘the’tTfibunéL‘tb:satisty:finishlf0r edtéelfastotheregularity:hisuch ”‘pro’ceéchng‘sorlegality.01:11:11:er, ,,ofanydecisionor-ordermadethere— :in;andif,inanycase,itappearsta thiéReglé’tfrhi"orthe“State(Severn- mentthatafiyiSuchdecision01:orfler shouldhe'ihédified,Haimufled3:01- remittedforreconsideration,he01‘it :fijwmaYorderaccfii‘dmg‘l7? ‘

(2)Noerderprejudlmaltoany _personshallbepassedundersub, "SEethI'lU)unIesssuchpermit:has ,beengivenanopportunityofmakmg‘ inhisrepresentatlon<. (3)TheRegistrar01:theState 'v_‘Governmenta’sthecasemaybe,may '”suspendtheexecutionofthedecision' :‘foroYderpendingtheexerciseofhis oritspoWerunder:sub-section(1). (4)TheRegistrarortheState Governmentmayawardcostin y"proceedingsunderthissectiontobe paidOntoithefiendsofthesociety "orbysfihhhthérpartyastheRegis— trarortheStateGovemrfmentmay,“ 'deemfit.

',"7; Explanatzon«TheStateGovefnmmtmayWis:11 Amendmem "«ftection 161. 3OfficernotbelowtherankofSecretaryto* theGovernmenttoexerciSethemmM theStateGoverninentwiderthissectmi; andsection152" 15.Insection167ofthepnnczpaiAt't,fertilems “Deposit Insurance Corporation Wherever they em; the words “Deposit Insurance and Cnedit; Gnaraxnwe Corporation” and in clause (ii) themei, flier the weird ml figures "section 130”, the word, figm and hm “seem: 13-D”shallbesubstituted.