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Section 24

5. The Laccadive, Minicoy and Amindivi Islands Co-operative Societies Regulation, 1960.Regulations · 1960

(1) Notwithstanding anything contained in any law to the contrary for the time being in force, a member of a registered society may execute an agreement in favour of that society providing that his employer or the officer disbursing his salary or wages shall be competent to deduct every month from the salary or wages payable to him, such amount or instalments of amount as may be specified in such agreement and to pay the amount so deducted to the society in satisfaction of any debt or other demand owing by the member to the society.

(2) (a) On the execution of such agreement, the employer or the officer disbursing the salary or wages of the member, shall, if so required by the society by a requisition in writing and so long as such debt or demand or any part of it remains unpaid, make the deduction in accordance with the agreement and pay the amount so deducted to the society.

(b) The employer or the officer disbursing the salary or wages shall maintain such registers as may be prescribed by the Administrator or the Registrar from time to time.

Deduction from salary or wages.

25. Notwithstanding anything contained in any law to the contrary for the time being in force, the Central Government may, subject to such general or special orders In writing as it may make in this behalf, grant loans to, take shares in, or give financial assistance in any other form to any registered society.

Govern-"?

ment aid to registered societies.

CHAPTER V PROPERTY AND FUNDS OF REGISTERED SOCIETIES

Where this provision sits

Act5. The Laccadive, Minicoy and Amindivi Islands Co-operative Societies Regulation, 1960.
Section24
StatusIn force as published by the source

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