Supersession of committee

(1) If, in the opinion of the Registrar, the committee of any society persistently makes default or is negligent in the performance of the duties imposed on it by this Act, or the bye-laws, or commits any act which is prejudicial to the interest of the society, or is involved in the affairs/management in the state, or wilfully disobeys or fails to comply with any lawful order or directions issued under this Act, the Registrar may, after giving the committee an opportunity to state its objection, if any, by order in writing, remove the committee and - (i) order fresh election of the committee, or (ii) appoint one or more administrators, who need not be members of the society, to manage the affairs of the society for a period not exceeding one year specified in the order, which period may, at the discretion of the Registrar, be extended from time to time, so, however, that the aggregate period does not exceed three years. (2) The Registrar may fix any remuneration for the administrator as he may think fit, such remuneration shall be paid out of the funds of the society. (3) The administrator shall, subject to the control of the Registrar and to such instructions as he may from time to time issue, exercise all or any of the powers of the committee or of any officer of the society and take such actions as may be required in the interest of the society. (4) The administrator or administrators shall, before the expiry of his or their term of office, take all steps to constitute a new committee in accordance with the bye-laws of the society. (5) Before taking any action under sub-section (1) in respect of a society, the Registrar shall consult the State Co-operative Bank to which it is affiliated.