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Section 123

The Assam Co-operative Societies Act, 2007State Act of Assam · Act 4 of 2012

(1) No act of a registered society or of a managing or controlling body or of any officer or liquidator done in good faith in pursuance of the business of the society shall be deemed to be invalid by reason only of some defect subsequently discovered in the organisation of the society or in the constitution of any such body or in the appointment or election of the officer or liquidator or on the ground that such officer or liquidator was disqualified for appointment.

(2) No act done in. good faith by any person appointed under this Act shall be invalid merely by reason on the fact that his appointment has been cancelled or in consequence of any order subsequently passed under this Act.

(3) The Registrar shall decide whether any act was done in good faith in pursuance of the business of a society.

Assam Act I of 1950 Assam Act I of 1950 THE ASSAM GAZETTE, EXTRA ORDINARY, FEBRUARY 4, 2012 425 POWER TO ORDER RECOUPMENT OF EXPENDITURE 124 Notwithstanding anything contained in any other law for the time being in force the State Government may, by a general or special order, require every registered society or a class of registered societies to make contribution of such sum annually to be fixed by the Registrar towards the recoupment of administrative expenditure incurred by the Government in respect of inspection, supervision and guidance of a society or class of societies or of any service to such society or class of societies SUPER-SESSION OF BOARD BY REGISTRAR i-r -

125. If in the opinion of the Registrar the Board of a cooperative society is persistently making default or is negligent in the performance of the duties imposed on it by this Act or the rules or the bye-laws or has committed any act which is prejudicial to the interests of the society or its members, or has omitted or failed to comply with any directions given to it or that there is stalemate in the constitution or functions of the Board, the Registrar shall cause an enquiry under section 87 or an inspection under section 88 and after giving the society an opportunity to state its objections, if any and after considering the objections, if received forward the enquiry/inspection report to the society for placing the report before the Annual General Meeting if due within 60 days from the date of receipt of the report by the society, or at a Special General Meeting to be convened specially for considering to take actions as suggested in the report under sub section

(5) of section 87 and sub section (4) of section 88. If no action as stated above is taken by the society within the stipulated period the Registrar shall by an order in writing supersede the Board and appoint one or more administrators or an adhoc committee from the department to manage the affairs of the society for such period not exceeding three months as may be specified in the order which period may at the discretion of the State Government be extended from time to time:

Provided that the total period of extension in any case shall not exceed six months . Such appointed person shall call a special general meeting and shall elect a new Board within the above period J*?WER TO SEIZE r ' -CORDS OF SOCIETY

Where this provision sits

ActThe Assam Co-operative Societies Act, 2007
Section123
JurisdictionState of Assam
StatusIn force as published by the source

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