(1) No amendment of any bye-laws of a co-operative society shall Amendbe valid until the same has been registered under this Regulation. m?nt of bye-
(2) Every proposal for such amendment shall be forwarded to the laws co-opera- Registrar in the prescribed manner and if the Registrar is satisfied that tive the proposed amendment- society.
(i) is not contrary to this Regulation or to the rules;
(ii) does not confl.ict with co-operative principles; and
(iii) will promote the economic interests of the members of the society, he may register the amendment:
Provided that no order refusing to register the amendment of byelaws shall be passed except after giving the co-operative society an opportunity of making its representation.
(3) The Registrar shall forward to the co-operative society a copy of the registered amendment together with a certificate signed by him and such certificate shall be conclusive evidence that the amendment has been duly registered.
(4) Where the Registrar refuses to register ah amendment of the bye- i a laws of a co-operative society, he shall communicate the order of r e f ~ s a ~ l tugether with the reasons therefor, to the society in the prescribed k manner.
(5) An amendment of the bye-laws of a registered society shall take effect f ~ ~ o m thc date, if any, specified in the amendment and where no such date is specified, the a.mendment shall take effect from the date on which it is registered.
(6) (i) JTJho,rr the Registrar is satisfied that for the purpose of altering the area of operations of a co-operative society or for the purpose of impl.o\~iiih ::I.. ccvices rendered by it or f o ~ any other purpose specified in the rll!cs, nl: ; ~ i - ~ ~ e ~ ~ c l i ~ ~ c l l t of the bvc-!a~v~ is necessary, h~ n ~ a y after con- - " - - -glill;:,. ili ?':)- 2rc.r.c.i.ihcc! n?-;i~,?c~l-. thc credit aQency, if I???).. to which thr is afii]i;rtec], tiy fioticc in n.1 i!inp, c:ll\ i l i i O l ? tbi. iocicty to rllow cFiusr. ivitllin ,c:~cll tin?.. as may be specificcl in the ~>i>tico, i~:ry tllc a v ~ r l c i - -- n-i:.!~l ~11ovlcJ not bc n?:icle THE GAZETTE O F INDIA EXTRAORDINARY -- ~~ ----.-.p.~~..-.-.---.~~..--pp-.p--~.----..... -
(ii) If within the time specified in the notice referred to in clause ( i ) , the co-operative society fails to make the amendment, the Registrar may, after giving the society an opportunity of making its representaiions, register the amendment and issue to the society a copy of such amendment.
(i i i) Any amendment of the bye-laws registered under clause (ii) shall have the sarne effect as an amendment of the bye-laws registered under sub-section ( 2 ) unless the registrakion is cancelled in pursuance of a decision in appeal.