qLo—FMQLI b .7.
I ‘QaA/J @Wh/B/flgi ' “4’deM No. 1.5%ng t ‘TI'HE MANIPUR Co-OPERATNE SOCIETIES :Lk mm .(AMENDMENDBILL‘; 19,34 __ i‘o amenii th‘e Manipurv Comparative SoCieties Act, 1976(Mdniprwr’Acfi N6:-14"t3f 1975).?
' BE it ena’C’ced ‘by the LegisI-atfire o: Mafiipfir in theWy—fifth Year of theReDIilbl'fc Ofllldia as fOHOWS:
_ . 1- (D'This AC1: may be calléd’the’ manipu'r (3040133ative Short titleSuzieties (mnendmang ACtJ “1934; '1 } 7/ ‘ ' " ,, and com-
(2) It Shali come into forte “on the daté of its publimtiqn in the Official Gazette.
mencement.
, «~N_ < .__ M... CA...
,727 - Amqmgm» , *2. In sectional}? of themampur CamberafiveSo‘ciefiesC0‘ ”cm“ 47‘ Act, 1976 (hereinafterreferred ti) astheprmmpal ACflr? '- 1 i (t) z in the Explanation bffhs‘fibl'sec‘tion‘ (1);“7’be-th'e wordg7-5_ 7 « “estats” “the word “assets” l Shall be substituteci ;‘ ~ (ii) in clause (b) of 'Subsection (3), ‘ for the =Word-“branch”, the word ' “breach” shall be substituted. " '3 Amen’dmeng‘ 3 In ”clause (e) of section 48 of the principal Act, ‘I 770' semen 48-- for the Word ‘.'contravent” the word "contravention” aha]! e1be-suhstituted; ‘ , / , Amendm; r A 4. For, sfib—sections (n'and-(z) of's-ection 68 of the » ‘. ofsectibn 68 principal Act, the following '77sha11' be substituted,I V ' ‘namely,— 8 7 . f, , - “(1) Every .7society shall contribute annualiytowards the ’Eflucation Fund of the -Manipur‘State 7‘ ‘Go-bperative 'Ugfion which may be fictified in this 7‘behalf by the State Government at Such rate as may_ be .mhsertbed and different rate may ,be pmsaibed .‘ for different soeieti'es or classes of societies dependingon their financial conditions. ‘ L ‘ 7 7 (2) Every. isociet‘y' 'shaB pay its contgibution “tathe; “said“ andgmyvithin two months from the .date ,On which its‘ accounts are adopted by the general ,meeting. Any officer wilfully failing _ to 'cdmplyxWith the requirement of this section shall be perso—nally liable for making good the mnmygt to 1313*ManmurStatevamaatlv ‘ $11.32;“; _,_;- - A--q 7 fl- ..'.u<~ —, 7 . . §”:: 3‘3‘3: ‘17:“; ;+:;;‘L7i:;y__;=_,,,_.:§i37 7' - M E ;- Amenqment _ 5. 'In the ‘p‘i'ovi‘so 31:0 s‘ub—sectlon (2)77ofjseetlon 313 DE '' ofsecuon 73. ' 5 "the principal Act, for the‘Wérd "Will”,fthe 7‘Woi‘7d “fill” _shall be substituted; jtnd fihe sub-s'ection- (4)5115]?! he "substituted byfithe felloWin , namely,e— - _ '_ ' ‘ ' ’1 3 ‘ " “(4) '1! Thekoe‘létigfailsiq pa11*thegenera1mééfingto elect the members of the Board of management asprovided Hingqsubfisegtign (2),;- »_thef;~ Regisfifiai‘lma}:' heminate7g7's1fch 1 persqhgas :ungier Ithe :rules _ andbyézélaw‘s are'duhlified’for being elected as members of fire-7 7 Boardefimanagementggng:the mmbflsfli‘imufinéta!{shall replace the 7e17eeted }- membersggi: the7,BaJmflfijmanagement on/the expiry 013- their terms. “ . ' - 3 The Board so nominated will manage the affm of the society for a period specified in the order, which period may, at the discretion of the Registrar, be extended from time totime; so hdwever, that the total period does not eXeeed tWO yearsin the aggregate.” 7 .
6. In Section 73A ofthe principél‘Aqtr; ”2 7 (i) in lastfprovits‘io:t’ofdtbeu'b—sectionr. (1), 7for;the word , 'Am J section
138.
“may”, the wOrds‘ “Of theconcerned cohoperative 7 instituti-on shell” shall be substituted:
(ii) for sub-sections (2), (3) and (4) the follOmng sub— sections shall be substituted, nam<ely,——‘- “(2) Where the State Government—7 ,_(:1) has assisted indirectly 111 the 1011113131111 1 er agmenfation 01 the share capital of a ' - society,or
(b) has SubScribed to the share capitel of a CO—operative society, or 1;
(c) has guaranteedin repaymentof principal and payments of interest on loan and 7 7 advances to a co—operative society, tihe State Govemment or any authority specifled by it in this behalf, shall have the right to nominate to the Board, Graverrfment ?offi'cials expert in the line (of the activities of the co-operative-sOc-iéties‘) to the extent of one third of the total'number ’of its members or three members Whichever is less."
Provided that the nominees 0f the State Govern- ‘ment or of the financing bank or other‘co-operative institutions shallinotgbe Entitled to vbte at election.
7 C(3) No person shall atthe Sametime, 'be a memberof the Boardof merethan one1100th of the , same type or category and more than three societies . .of different is in types or categorles ' ‘
(4) No person shall be eligible for being eleeteicl 777or appointed or continued 'as amember of the Board or any committee if he is in default in repayment or payment to any society, including co—operative bank, .4» year from; the date! on which he C‘e‘asedto hold office,for re—electipn or appointment as, member 01 the"Board or, 7 as; the case ’may be, committee of thatsdaiety'or":foi‘ election or appointmentto the Board,‘01" committee of ' any other society”.
AW M *5 7. 111 .efibiseation (2) of. section: 74 of the principal of seam Act_ .
,. 74. . : 1 , 1 (111171 clause (a); in_between the words “general” and."9Ve;1'”,'_7ithe"word "control"? shall be inserted?"
(1'1); in ¢1afi‘s'é"(e), for the 77mm “‘attentiofi”, theword_ , 75"traneaettiox1’7’ shall "be substituted; ‘ ‘ '
(iii) in clause (i), 1017 the word "conduce”, the word V' .1:1;E‘cenduct”“shallf:be‘substituted.l v - ‘ ' Amendment 1 8. For subié‘éetiOn (7)6f’sée‘t'10fi375 ofthe"p1"1ncipa1g; swim fiat, the 1911011111713 .sha'11 be substituted, namely,+ "(7) Na defaulting member or his Surety, Who is-in default_sin repayment of any loan or payment of' 391151 sum due. to any society, including co¥operative53111:, for argpei'ibd exceeding three months shall beentitled to vote in the general meeting of the society;, - including ’coQ-operative bank, and 110 chh person shall‘ ‘. beieligible to be a member of the Board or committee,. qt any'co—ope‘rative institutions.”. ’ mew): ‘9. 111 sub—section: (1)7 of section 76 01 the prir71cipa1 Act,$1533”? ’the words “of thetime” shall be omitted. ' W 10. For sub-sections '(1‘) and (2) of section 84 of thegmm« principal Act, the followingi‘shall be substituted, namely:
1 "(1) Thé7RegiStfaf may, ofhis. own motion or on1 the applibation’offla,creditet 1‘01 a society inspect 01":7 x direet» ahyibeisen,- afitherise‘dxby him by order inwriting in this behalf, ‘to inspect books, cash andother property of the society: ’ - 5; , ; ngvided that no suhhr inspection shall be made, éfi‘ ttlie’hppikértibfi‘hffia feteditofi §un1i=mfih€hpphcan t ~ satisfies the Registrar'thatfi’a:debt‘dsgfitfllfiuqém hi m and that he has demandedpayment thereof and has : méerecewedsatwiacuon wally»: a reathkfime * ' :20 w r.
3;;:(2)T:The Beststragr; shall fepmmuzhgaijeg‘tjhewegufts of any $9913 wpectlonr' ,, a ‘ ~ .x‘v $1.
”(ay‘ij‘fgeherééthéw peen; in 45- madestf ~ 1‘s own" l, Imotion>tof:th§f§ou’cflietye;;iand ‘ 13H , ‘3 (mwhemthemspect1on1's médeniheéppfica- ,- *3”; _ {tiemp 0f "a,_creditqg, :tq1.§he creditor and the 4'7" ”‘SOCiety-Uag‘! zati-i‘ f3“: 7;:
J .e-m, :_ ; 1:41; Iii"c1ahsgg(a3}6; fii‘jiwséfctidn’a) of sectiOn 85 of the *priricipahAetzgfar thyex words: ?aDPOintment”, the word 3 ”apmfiionmerfii .gha11;ber>sub§§itfit¢d- ' '25 -51_ 3:"; 1:"? _ r: W ‘35:; :41;1 , I ~ _ 12 ‘In sab—sectlon (1') oiéeéizion 95 of the principal'Act, , for thmwmésaf‘intent ;.ahc1;,fdjeife§ 72,, the words "intent to defaut’flshallb&tSQbSfitutSd: I ' . _, ’ r'3511:.”}f.? 3‘." “7:51 ,1 \, -' > 13; For sectionvflfi of the,,:pri:zcipal Act, the following shall be! substituted, namely,——- ’ _ ' 3“} 1x, ' :“Decisien. of ' '96.'=The Registtar/or his nominee or the ‘ ‘Begi'strar or. boggrdfgf inominees may, after giving the his nominee pafiiqs tq‘the dispute reasonable oppor— 01’ board of ‘tunity 6f being heard, make an award W, noneihegdisppte, on the expenses incurred Amendment 0' section 85 .
Amendment of section 95‘ .
S ubsfitulion of section 7 bethe namesfiqwthe dispute in connection _ >«Méththelprggeedifigs,_ and the ,fees and :rexpenses‘ paYable ,to the Registrar or his ‘ ~ nominee'gxfkaslthe, case may be, board of , , nominees; and suCh an award shall not be ’ inwhd maely; on the groundthat it was «‘9 made af‘terixthe jexgiry of "the period fixed T , forg'decidmg—the dispute: by‘ the Registrar, andESha’glL §§1bjeet to appeal or review or.
‘: msiQiIbe bi dipg 0n (the parties to the , (5.5901935? “ti;
v (:5 A :‘ : 3 < '. Substitution ,;
of section
154.
“'_5 14ForSeetmn154of theprincipalAct,the following.
shahbesubstitutednamely; _; g, .
1, 5*?‘7? ,.
¢_; 1:“:
“PoWerofS’tate' :154*(‘IYThe Registrarimay, of‘hm m Governmentand motion or on application, call forand;
Reglstrar toc311" examme themeordfofany ofiicer for proceedings subordifiaté t6him 'not beinQAddi- ’70? suboidinate : time} Reglstrar 01'. Joint Registrar officers and tofindctheStateGpvermpen‘t may, of passorders there- its own motion or on application, cal!
, oxi Tor“andexaminethe:retards of the RegistfahA&dit’ionaiRegistrar 0r J01nt Registrar, inrespect of any ”proceedings not being a procEeding in respectof which an appeal lies to ‘the’tTfibunéL‘tb :satisty :finishlf 0r edtéelf astothe regularity:hisuch ”‘ pro’ceéchng‘sorlegality. 01:11:11:er , , ,of any decision or- order made there— : in; and if, in any case, it appears ta thiéReglé’tfrhi" orthe“State (Severnment that afiyi Such decision 01: orfler should he' ihédified, Haimufled3:01- remitted for reconsideration, he 01‘it :fijwmaYorderaccfii‘dmg‘l 7? ‘
(2) No erder prejudlmal toany _ person shall be passed under sub, "SEethI'l U) unIess such permit:has , beengivenan opportunity of makmg‘ inhis representatlon < .
(3) TheRegistrar01:the State ' v_‘Government a’s the case may be, may ' ”suspendtheexecution of the decision ' : ‘ foroYder pending the exercise of his or itspoWer under: sub-section (1).
(4)The Registrar or the State Government may award cost in y "proceedings under this section to be paidOnt oithefiends of the society "or bysfihh hthérparty as the Regis— trar or theState Govemrfment may,“ 'deem fit.
', "7;
Explanatzon«The StateGovefnmmt may Wis :11 Amendmem " «f tection
161.
3 Officer not below the rank of Secretary to * theGovernment to exerciSe the mmM the State Governinent wider this sectmi;
andsection 152"
15. In section 167 of thepnnczpaiAt't, fertilems 7 “Deposit Insurance Corporation Wherever they em;
the words “Deposit Insurance andCnedit; Gnaraxnwe Corporation” and in clause (ii) themei, flier the weird ml figures "section 130”, the word,figmand hm“seem:
13-D” shall be substituted.