1[(1) Where the State Government or Central Government,-
(a) has subscribed to the share capital of a society; or has granted any assistance in cash or in kind or in any other manner; or
(b) has assisted indirectly in the formation or augmentation of the share capital of a society as provided in Chapter VI; or
(c) has guaranteed the repayment of principal and payment of interest on debentures issued by a society ; or
(d) has guaranteed the repayment of principal and payment of interest on loans and advances to a society, the State Government or the Central Government, as the case may be, or any authority specified by such Government in this behalf, shall provide a panel of names not exceeding four persons having experience in the field of banking, management, finance or specialization in any other field relating to the objects and activities undertaken by the Society for co-option of two persons by the Committee to be the members of the said Committee.
( 2 ) In case of Society other than the Society specified in sub-section
(1), the Committee shall co-opt persons not exceeding two having the experience in the field of banking, management, finance or specialization in any other field relating to the objects and activities undertaken by the Society to be the member of the said committee:
Provided that the co-opted members referred to in sub-sections (1) and
(2) shall not have the right to vote in any election of the Society in their capacity as such member or to be eligible to be elected as office bearer of the committee.]
The 2nd November 2002 S.R.O. 957/2002 - ln exercise of the powers conferred by Section 123 of the Orissa Co-operative Societies Act, 1962 Orissa Act 2 of 1963), and in continuation of the order of the Government of Orissa in the Co-operation Department No. 2865-Co-op., dated the 8th March 2002, the State Government in Co-operation Department do hereby exempt all Primary Milk Producers Cooperative Societies, registered under the said Act, and which are not coming under the operation Flood Programmes,, from the provisions of Section 31 of the said Act.
[No. 13974-ll-Legal-73/2000-Co-op.]
By order of the Governor R.N. DASHI Joint Secretary to Government .
1. Inserted by Orissa Act 1 of 2013, dated 30.01.2013 opportunity to state his objection, disqualify him from being a member of a Committee in respect of the Society for a period not exceeding three years to be specified in the order and every order made under the Sub-Section shall state the reasons for which it is made and shall be communicated to the Society and the officer concerned.
(6) In cases where the Registrar makes an appointment under Clause
(b) or (c) of Sub-Section (1) he may, by the order made under that Sub-Section fix the remuneration to be paid to the Administrator or the Society, as the case may be, and the remuneration so fixed shall be paid from out of the funds of the Society whose affairs are managed by such Administrator or Society.
3[(7) Notwithstanding anything contained in this Section, if, in the opinion of the Registrar, the Committee of any Society is acting in a manner prejudicial to the interest of the Society or its members, or has committed such serious irregularities or illegality that further continuance of the Committee would be detrimental to the interest of the Society, the Registrar may, at any time before or, as the case may be, after issue of a notice under Sub-Section
(1), suspend the Committee and make such arrangements as he thinks proper for the management of the affairs of the Society during the period of suspension of the Committee:
Provided that if the Committee so suspended is reinstated the period of suspension shall count towards its terms.
(8) Notwithstanding anything contained in this Section, if, in the opinion of the Registrar, any member of the Committee of a Society, delegated or entrusted with any of the powers or responsibilities of such Committee, persistently makes default or is negligent in exercise of powers or in discharge of responsibilities or commits any act prejudicial to the interests of the Society or its member, the Registrar may, after giving an opportunity to state his objections, if any, by order in writing stating reasons therefor remove him from office.]