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(2) SI tere th Prefs eta EE st saa sreareer & ares Sl Ts Ale aa, UT Al AE Bly HTS se afar & aaa suddt a aia el 1g aet a al we aang aye ome. irora, feare 3 atta, 2021 Bul 5134-175-SaHG-ACT.).— UR & Slaw H aqess 348 HH VS (3) aqerr FY yee Tent araed (aster) arf, 2027 (aie 11 FA 2021) I sti aes Tee Ufa & waegrr wee far srt &. Fee Fh UT A YAM SST, ar. dt qe, sat afaa. 388 (2) Tages usta, feat 3 ater 2021 MADHYA PRADESH ACT No. It oF 2021 THE MADHYA PRADESH CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 2021 Sections : TABLE OF CONTENTS
1. Short title and commencement. Os Amendment of Section 48-A. By Amendment of Section 49,
4. Amendment of Section 52 oF Amendment of Section 53.
6. Repeal and saving. Short title and commencement. Amendment of Section 48-A. Amendment of Section 49. MADHYA PRADESH ACT No. Ll oF 2021 THE MADHYA PRADESH CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 2021 {Received the assent of the Governor on the 2nd April, 2021; assent first published in the “Madhya Pradesh Gazette (Extra-ordinary)'*, dated the 3rd April, 2021.] An Act further to amend the Madhya Pradesh Co-operative Societies Act, 1960. Be it enacted by the Madhya Pradesh Legislature in the Seventy-second year of the Republic of India as follows:—
1. (1) This Act may be called the Madhya Pradesh Co-operative Societies (Amendment) Act.
2021.
(2) It shall come into force from the date of its publication in the Madhya Pradesh Gazette.
2. In Section 48-A of the Madhya Pradesh Co-operative Societies Act, 1960, (No. 17 of 1961) (hereinafter referred to as the principal Act). in sub-sectiion (+).-
(i) in clause (a). the words "elected as a Member of Parliament or Member of Legislative Assembly or" shall be omitted. av clause (b) shall be omitted.
3. In Section 49 of the principal Act. in sub-section (7-a). in clause (b), in the first proviso. for full stop. colon shall be substituted and thereafter, the following proviso shal! be inserted. namely : "Provided further that, in case of any Apex or Central Society. if in the opinion of the Registrar. a committee is required to be constituted to assist the Administrator in the discharge of his duties. the Registrar may appoint 2 committee consisting of following members. namely :— aeages tera, fede 3 ster 2021 388 (3)
(a) a maximum of three members of the said society who are eligible to be elected as a member of the Board of Directors of the society;
(b) one representative of the Registrar;
(c) one representative of the financing institutions.". 4, In Section 52 of the principal Act, in sub-section (5), for clause (a), the following clause Amendment of shall be substituted, namely :-— Section 52. "(a) in the Co-operative Credit Structure, the maximum limit for the share capital of the State Government shall be such as may be notified by the State Government, from time to time;". Amendinent of 5. In Section 53 of the principal Act,— Section 33.
(i) in sub-section (1), after the first proviso, the following proviso shall be inserted, namely:— "Provided further that, in case of any Apex or Central Society. if in the opinion of the Registrar, a committee in required to be constituted to assist the Administrator in the discharge of his duties, the Registrar may appoint a committee consisting of following members, namely :—
(a) a maximum of three members of the said society who are eligible to be elected as a member of the Board of Directors of the society;
(b) one representative of the Registrar:
(c) one representative of the financing institutions;”.
(i) in sub-section (12), in the proviso. for full) stop. colon shall be substituted and thereafter the following proviso shall be inserted. nemely :— "Provided further that, in case of any Apex or Central Society. if in the opinion of the Registrar, a committee is required to be constituted to assist the Administrator in the discharge of his duties, the Registrar may appoint a committee consisting of following members; namely :—
(a) a maximum of three members of the said society who are eligible to be elected as a member of the Board of Directors of the society;
(b) one representative of the Registrar;
(c) one representative of the financing institutions.".
6. (1) The Madhya Pradesh Co-operative Societies (Amendment) Ordinance. 2021 (No. 12 Repeal and of 2021) is hereby repealed. saving.
(2) Notwithstanding the repeal of the said Ordinance, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act. Aap IPS Eo een Sess A ere ae IEP asa ETE, eT A yes aon weRifa—2021