section 156
Power to exempt societies from provisions of the Act.
The Tripura Co-operative Societies Act 1974(1) The Government may, by general or special order, to be published in the Official Gazette, exempt any society or class of societies from any of the provisions of this Act, or may direct that such provisions shall apply to such society or class of societies with such modifications not affecting the substance thereof as may be specified in the order ; (2) "No Co-operative Credit Structure Society shall be exempted from the application of the provisions of this Act without consultation with ReserveBank of India or National Bank for Agriculture and Rural Development" Explanation: The process of consultation may be completed within thirty days. The period of thirty days will be counted from the date on which the proposal is first sent to any office of RBI or NABARD. The views of the State Government after the period of consultation shall be final."*1 Provided that no order to the prejudice of any society shall be passed without an opportunity being given to such society to represent its case.
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