Bare ActsThe Andaman and Nicobar Islands Cooperative Socities Regulation 1973

Section 62

Amendment status not verified — confirm the current text below against the official source.

Enforcement of charge :- Notwithstanding anything contained in Chapter VIII or any other law for the time being in force but without prejudice to any other mode of recovery provided in this Regulation, the Registrar or any person subordinate to him empowered by the Registrar in this behalf may, debt on the application of a co-operative society, make an order directing the payment of any debt or outstanding demand due to the society by any member or past or deceased member, by sale of the property or any interest therein, which is subject to a charge under section 31; Provided that no order shall be made under this section unless the member, past member or the nominee, heir or legal representative of the deceased member, has been served with a notice in the prescribed manner and has failed to pay the debt or outstanding demand within seven days from the date of such notice. * (Chapter IXA - *61A) inserted in the Andaman and Nicobar Islands Co- operative Societies Regulation, 1973 vide Gazette of India, Part-II, Section-I of Ministry of Law and Justice (Legislative Department) New Delhi dated 12th March, 1998, Andaman and Nicobar Islands Co-operative Societies (Amendment) Regulation, 1998(No.1 of 1998). ANDAMAN & NICOBAR GAZETTTE, EXTRAORDINARY, MAY 13, 1973 30 Registrar of Co-operative Societies, Co-operative Department, A&N Islands, VIP Road, Junglighat, Port Blair, PIN-744103 (Contact No.03192232388), 2019.

Section 62 – The Andaman and Nicobar Islands Cooperative Socities Regulation 1973 | DailyLaw.ai