Any sum awarded by way of costs under section 52 may be recovered, on application to a magistrate having jurisdiction in the place where the person , from whom the money is claimable, actually and voluntarily resides or carries on business, and such magistrate shall recover the same as if it were a fine imposed by himself.
THE PUNJAB COOPERATIVE SOCIETIES ACT, 1961 51 8TH FINAL PRINT AS ON 05.10.2006 SECTION -54
54. Surcharge.
(1) If in the course of an audit, inquiry, inspection or the winding up of a co-operative society it is found that any person, who is or was entrusted with the organisation or management of such society or who is or has at any time been an officer or an employee of the society, has made any payment contrary to this Act, the rules or the bye-laws or has caused any deficiency in the assets of the society by breach of trust or wilful negligence or has misappropriated or fraudulently retained any money or other property belonging to such society, the Registrar may of his own motion or on the application of the committee, liquidator or any creditor, enquire himself or direct any person authorised by him, by an order in writing in this behalf, to inquire into the conduct of such person:
Provided that no such inquiry shall be held after the expiry of six years from the date of any act or omission referred to in this sub-section.
(2) Where an inquiry is made under sub-section (1), the Registrar may, after giving the person concerned an opportunity of being heard, make an order requiring him to repay or restore the money or property or any part thereof, with interest at such rate, or to pay contribution and costs or compensation to such extent, as the Registrar may consider just and equitable.
THE PUNJAB COOPERATIVE SOCIETIES ACT, 1961 52 8TH FINAL PRINT AS ON 05.10.2006
CHAPTER VIII SETTLEMENT OF DISPUTES SECTION - 55