(1) The Government may, by notification in the Official Gazette, constitute one or more Co-operative Tribunals for the ad judication of disputes as i may deem necessary with such powers, as may be specified in the notification.
PUNJAB GOVT GAZ. (EXTRA), NOV. 8. 2010 117 (KRTK 17, 1932 SAKA) bh) 12 al \ . [a RIT N - . or ‘
(2) The Co-operative Tribunal shall consist of raembers, appointed by the Government, possessing such qualifications, as may he specified bv the Government.
(3) A Co-operative Tribunal shall have jurisdiction over the whole of the State or any part thereof as may be specified in the notification referred to in sub-section (1).
60. A person aggrieved by an order of the Arbitration Council, may appeal to the Co-operative Tribunal within a period of sixty days from the date of receipt of such order.
61. Every decision, award or order duly passed by the Arbitration Council under section 58, by the Co-operative Tribunal under section 60, and by the liquidator under section 72, shall, if not carried out—
(a) be deemed to be a decree of a Civil Court, and shall be executed as a decree of such court ;
¢b) be executed by the Registrar or any other person subordinate to him and empowered by the Registrar in this behalf, by attachment and sale or by sale without attachment of any property of the person or of the self-supporting co-operative society against whom the order, decision or award has been obtained or passed ; and
(fc) be executed according to the law for the time being in force for the recovery of the arrears of land revenue.
62. Where the Arbitration Council or the Co-operative Tribunal, as the case may be, 1s satisfied that a party to any reference made to it under section 58 or section 60, with the intention to defeat or delay the exceution of any decision, award or order that may be passed by it, is abou t to- -
(0) dispose of the whole or any part of the pr operty : or
(bh) remove the whole or any part of the property from the local limits of the jurisdiction of the Arbitration Council o r the Co-operative Tribunal, the Arbitration Council or the Co-operative Tribunal , as the case may be, may unless adequate security is furnished, direct conditional attachm ent of such property or part thereof as it may deem appropriate.
Appeal Execution of decisions, decrees and order.
Attachment before award the Prohibition of the use of the word self-supporting co operative Offences and penalties, Cognizance of offence, Limitation for instituting Proceeding, NJAB GOVT GAZ.
(EXTRA.)
[18 PLN. 932 SAKA) (KRTK 17, 193 oo ~—_ — other than a self-supporting “0 0peratiye Soc I No person o 63. (1) arry on business under the name OF tif] os Ie , or .
i 0-0pe ] a word “self-supporting ¢o-0p or. use this word while carrying out any i Nnn¢ & he J tive society” or its equivalent ip, any I, a Ds Tan ade / ma Language or in any others or business.
n coniravening the provisions of sub-sectjoy, (0), shay erso oo enh (2) i of five thousand rupees and in the ose or CONtingi, ishable wi | th further fine of too 1 JP fter conviction of the first offence, with fi offence, after c Undreq i i ntinued. pees for each day on which the offence co rn Any person, who is required to furnish any information 5 64. (1 ny A | | t 0 this Act, knowingly furnishes incorrect or untrue Information document un , i | document or knowingly omits to furnish such information or document or docu fi nviction, be punishable with fine shall be guilty of an offence and shall on con of one thousand rupees or with the imprisonment for a term of three months or with both.
(2) Where it is proved that the offence referred to in sub-section (1), has been committed with the consent or office bearer of a self-supportin office bearer of such socie connivance of any officer or 8 Co-operative society, then such an officer or ty, shall be deemed to be guilty of that offence and he shall be punishable with fine of ten thousand rupees or with imprisonment for a term of three months or with both.
i . 7 unde which ng Separate penalty is prov ided er ishable nce and shall, on conviction, be punish Ces.
Act, shall be guilty of ap offe with the fine of five thousand rup
65. No C ourt inferior tq ¢p, Class sha] try any . . First € court of Judicial Magistrate of offence under this Act, PUNJAB GOVT GAZ. (EXTRA.). NOV 8. 2010 119 (KRTK 17. 1932 SAKA) CHAPTERIX Dissolution
67. (I) A sell-supporting co-operative society may by a special resolution. decide to dissolve itor appoint a liquidator in respect thereof.
(2) The notice of the general body meeting called for passing a special resolution for the purpose of dissolution, shall also be sent by registered post to the Registrar, creditors if any, and to other self-supporting co-operative society to which such society is affiliated or have any partnership, for attending the meeting.
(3) The decision taken under sub-section (7), shall be conveyed by the self-supporting co-operative society to the Registrar, alongwith the following namely :(— fa) assets and liabilities of the self-supporting co-operative society on the date of dissolution ;
(b) the claim of creditors :
(c) the number of members ;
/d) the nature and extent of the members, interest in the selfsupporting co-operative society ; and
(e) the name and address of the liquidator appointed by the selfsupporting co-operative society.
(4) The Registrar shall, withina period of thirty days from the date olution, get it published at the expenses of the selfety in two daily newspapers circulating in the local ity -operative society is located of of receipt of the special res supporting co-operative soci where the head office of the self-supportin g co which at least one shall be in the regional l anguage.
ed, the Registrar shall ensure rative society have (5) When the special resolution is publish that all assets and liabilities of the self-supporting co-ope been settled and only thereafte r, he shall inform the liquidator tha t the selfsupporting co-operative soc iety has been dissolved and its name has been deleted from the register.
Dissolution of sclfsupporting ¢cooperative society by members Disselution of selfsupporting cooperative society by ihe Registrar, Who may be appointed as ligudator.
Remuneration of Liquidator Duties of liquidator.
120 PUNJAB GOVT GAZ. (EXTRA), NOV. 8, 2010 (KRTK 17. 1932 SAKA) r——
68. The Registrar may dissolve a self-supporting co-operative society or appoint a liquidator in respect of that society, if he has reason to believe that
(a) a self-supporting co-operative society has not commenced business within two years after the date of its registration of has not carried on business for two consecutive years after registration ; or
(b) a self-supporting co-operative society has contravened any of the provisions of this Act :
Provided that before dissolving a self-supporting co-operative society or appointing a liquidator, an opportunity of being heard to such society shall be given by the Registrar.
69. No person shall be appointed as liquidator, if he—
(a) has vested interest in the affairs of the self-supporting co-operative society ;
(b) is insolvent, insane or of unsound mind ; or
(c) iscriminally convicted of any offence involving moral turpitude.
70. The liquidator appointed by a self-supporting co-operative society or the Registrar, as the case may be, shall be entitled to receive such remuneration as may be specified by the appointing authority.