Amendment status not verified — confirm the current text below against the official source.
Indemnity :- No suit, prosecution or other legal proceeding shall lie against the Registrar or any person subordinate to him or acting on his authority in respect of anything in good faith done or purporting to have been done under this Regulation. * 86. Power to make rule :- (1) The Chief Commissioner (now the Lieutenant Governor (Administrator), Andaman and Nicobar Islands) may, by notification in the Official Gazette and subject to the condition of previous publication, make rules or further to amend to carry out all or any of the purposes of this Regulation. * (Notification No.90/96/F.No.30-51/94-Dev.I(Coop) dated 03rd October, 1996 of Andaman and Nicobar Islands Cooperative Societies Regulations, 1973 (No.3 of 1973) in the Andaman and Nicobar Gazette, Extra Ordinary issue No.94 dated 03rd October, 1996) 37 Registrar of Co-operative Societies, Co-operative Department, A&N Islands, VIP Road, Junglighat, Port Blair, PIN-744103 (Contact No.03192232388), 2019. ANDAMAN & NICOBAR GAZETTTE, EXTRAORDINARY, MAY 13, 1973 (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:- (i) the maximum number of shares or portion of the capital of a co-operative society which may, subject to the provisions of section 6, be held by a member ; (ii) the form to be used and the conditions to be complied with in the making of applications for the registration of a co-operative society and the procedure in the matter of such applications ; (iii) the procedure and conditions for change in the form and extent of the liability of co-operative society ; (iv) the matters in respect of which a co-operative society may or shall make bye-laws and the procedure to be followed in making, altering and abrogating bye-laws and the conditions to be satisfied prior to such making, alteration or abrogation; (v) the conditions to be complied with by person applying for admission or admitted as members, for the election and admission of members, and the payment to be made and the interest to be acquired before the exercise of the right of membership ; (vi) the manner in which funds may be raised by means of shares or debentures or otherwise ; (vii) general meetings of the members and the procedure at such meetings and the powers to be exercised by such meetings ; (viii) the prohibitions and restrictions subject to which co-operative societies may transact business with persons who are not members ; (ix) the proportion of individuals and co-operative societies in the constitution of the committee of management and the general body of a co-operative society of which another co-operative society is a member ; (x) subject to the provisions of section 26, the election and nomination of members of committees, the appointment or election of officers and the suspension and removal of the members and other officers, and the powers to be exercised and the duties to be performed by the committees and other officers ; (xi) the appointment and regulation of work entrusted to the person or persons replacing the committee in pursuance of section 27 ; (xii) prohibiting a co-operative society form electing a defaulting member on its committee or to be its representative ; (xiii) the accounts and books to be kept by a co-operative society, the audit of such accounts and the charges, if any, to be made for such audit, and the periodical publication of a balance sheet showing the assets and liabilities of a co-operative society ; 38 Registrar of Co-operative Societies, Co-operative Department, A&N Islands, VIP Road, Junglighat, Port Blair, PIN-744103 (Contact No.03192232388), 2019. ANDAMAN & NICOBAR GAZETTTE, EXTRAORDINARY, MAY 13, 1973 (xiv) the returns to be submitted by a co-operative society to the Registrar, the persons by whom and the form in which such returns shall be submitted and in case of failure to submit any such return, the levy of expenses of preparing it ; (xv) the persons by whom and the form in which copies of entries in books of co-operative societies may be certified and the charges to be levied for the supply of such copies ; (xvi) the formation and maintenance of a register of members and, where the liability of the members is limited by shares, of a register of shares ; (xvii) the appointment of an arbitrator to decide disputes ; (xviii) the procedure to be followed in proceedings before the Registrar, arbitrator or other persons deciding disputes including the appointment of a guardian for a party to the dispute who is a minor or who, by reason of unsoundness of mind or mental infirmity, is incapable of protecting his interests, and the levy of expenses relating to such proceedings ; (xix) the withdrawal and expulsion of members and the payments, if any, to be made to members who withdraw or are expelled and the liability of past members or the estates of deceased members ; (xx) the mode in which the value of deceased member’s share or interest shall be ascertained and the nomination of a person to whom such share or interest may be paid or transferred ; (xxi) the payments to be made and the conditions to be complied with by members applying for loans, the period for which any loans may be made and the maximum amount which may be lent, to any member ; (xxii) the formation and maintenance of reserve funds and other funds and the objects to which such funds may be applied , and the investment of any funds under the control of a co-operative society; (xxiii) the extent to which a co-operative society may limit the number of its members ; (xxiv) the conditions under which profits may be distributed to the members of a co-operative society with unlimited liability, and the maximum rate of dividend which may be paid by co-operative societies ; (xxv) the calculation and writing off of bad debts by co-operative societies ; (xxvi) the procedure to be followed by a liquidator appointed under section 58 in respect of the provisions of section 59 ; (xxvii) the procedure to be followed in presenting and disposing of appeals under this Regulation : (xxviii) the issue and service of processes and for proof of service thereof ; 39 Registrar of Co-operative Societies, Co-operative Department, A&N Islands, VIP Road, Junglighat, Port Blair, PIN-744103 (Contact No.03192232388), 2019. ANDAMAN & NICOBAR GAZETTTE, EXTRAORDINARY, MAY 13, 1973 (xxix) the manner of effecting attachment ; (xxx) the custody, preservation and sale of property under attachment; (xxxi) the investigation of claim by persons other than the defaulter to any right or interest in the attached property, and the postponement of sale pending such investigation ; (xxxii) the immediate sale of perishable articles ; (xxxiii) the inspection of documents in the office of the Registrar of any other officer or authority and the levy of the fees for granting certified copies of the same ; (xxxiv) the terms and conditions on which Government may make share capital contribution or give financial or other assistance to co-operative societies and the terms and conditions on which the Government may guarantee the payment of the principal or interest on the debentures issued by co- operative societies or loans or deposits raised by them ; (xxxv) the manner in which the funds may be raised by a co-operative society or a class of co-operative societies by means of share or debentures or otherwise and the quantum of funds so raised ; (xxxvi) the qualifications for members of the committee and the employees of a co- operative society or class of co-operative societies and the conditions of service subject to which persons may be employed by co-operative societies ; (xxxvii) the method of communicating or publishing any order, decision or award required to be communicated or published under this Regulation of the rules ; and (xxxviii) all other matters expressly required or allowed by this Regulation to be prescribed by rules.