Power to direct amendment of by-laws

(2) If the society fails to make the amendment within the time specified, the Registrar may, after giving the society an opportunity of being heard and after consulting the financing bank to which the society is affiliated, register such amendment, and issue to the society a copy of such amendment certified by him. With effect from the date of registration of the amendment in the manner aforesaid, the bye-laws shall he deemed to have been duly amended accordingly ; and the bye-laws as amended shall be binding on the society and its members.