(1) The State Government may, on the application of a cooperative society supported by a resolution of the board or the general body of its members, depute on such conditions as may be prescribed, a Government officer to the service of the co-operative society to manage its affairs. Such Government officer shall exercise such powers and perform such duties as may be prescribed:
Provided that if there is a condition by the financing agency that the State Government should depute a Government officer to manage the affairs of the co-operative society for which assistance from that agency is given or the State Government has given financial assistance directly to the co-operative society, the State Government shall, on the recommendation of the Registrar, appoint such officer. Such Government officer shall exercise such powers as may be prescribed.
(2) The Registrar may, on the application of a co-operative society supported by a resolution of the board or the general body of the members of the co-operative society, depute on such conditions as may be prescribed a Government officer in respect of whom he is the appointing authority or recommend to the State Government for deputation of a Government officer to the service of the co-operative society to manage its affairs. The Government officer deputed by the Registrar shall exercise such powers and perform such duties as may be prescibed.