Registrar's power to determine terms of employment in societies

(1) The Registrar may from time to time frame rules governing the terms of employment and working conditions of officers and employees in a society including the State Co-operative Bank or a class of societies and the society or the class of societies to which such terms of employment and working conditions are applicable shall comply with the order that may be issued by the Registrar in this behalf. Provided that while prescribing the remuneration of the officers and other employees of the State Co-operative Bank, the Registrar shall have due regard to the salary structure of the employees of the Government and the local authorities of comparable level and status in the State. (2) Where a dispute regarding terms of employment, working conditions and disciplinary action taken by a society arises between a society and its employees, the Registrar or any officer appointed by him shall decide the dispute and his decision shall be binding on the society and its employees.