(1) The committee of a co-operalive society may, at any time, call a special general meeting of the society and shall call such meeting within one month after the receipt of a requisition in writing from the Registrar or from such number of n~ernbers or a proportion of the tota.1 number of members, as may be provided in the bye-laws.
(2) If a special gcrlcrnl meeting of a co-operative society is not called in accordance mrith the requisition 1-efeji-cd to in sub-section ( I ) , the
1icgist.rar. or any persoli authorised by hi111 in this hcha!f shall have tl-ic J ~ O I Y C : I ' to call sr.1~11 n:er>ting and {.hat l?~crtil?ij~ sllnll be cice~-~icd 1.o l j c : a 1 SEC. 11 THE GAZETTE O F INDIA EXTRAORDINARY 59 1 26. (1) The members of the committee of a co-operative society shall Electior~ be elected in the prescribed manner and no person shall be so elected and unless he is a shareholder of the society. nomination of members I V L GulIlllllb-
(2) Notwithstanding anything contained in sub-section (1) ,- tees.
(a) where the Government has subscribed to the share capital of a m-operative society, the Chief Commissioner or any person authorised by the Chief Commissioner in this behalf shall have the right to nominate on the committee such number of persons not exceeding three or one-third of the total number of members thereof, whichever is less, as the Chief Commissioner o r such authorised person may determine;
(b) where the Industrial Finance ?orPoration established under L8. section 3 of the Industrial Finance Corporation Act, 1948 or any credit agency has provided finance to a co-operative society, the said Industrial Finance Corporation, or such credit agency, as the case may be, shall have the right to nominate one person on the committee.
(3) A person nominated under sub-section (2) shall hold office during the pleasure of the Chief Comrnissioncr or the said Industrial Finance Corporation or such credit agency, as the case may be.