Amendment status not verified — confirm the current text below against the official source.
Substituted by Act No.20 of 2006, s.2, for the words “under section 7”. 2 . The words added by Act No.20 of 2006, s.2, (h) “deficit” means the net excess of expenditure over income; (i) “delegate” means a member nominated by a Co-operative Society to represent its interests in a federation; (j) “director” means a director of the Board of directors; (k) “federation” means a Mutually Aided Co-operative Society registered under section 4 whose members are Mutually Aided Co- operative Societies; (l) “Financial Year” in relation to a Co-operative Society means the twelve month accounting period as provided for in the bye-laws; (m) “general body” in relation to a Co-operative Society means all the members of the Co-operative Society and includes a representative general body of the Co-operative Society referred to in section 20; (n) “general meeting” means a meeting of the general body of a Co- operative Society; (o) “Government” means the State Government of Andhra Pradesh; (p) “member” means a member of a Co-operative Society. (q) “office-bearer” means an individual elected by the general body or the board of the Co-operative Society to any office of such Co- operative Society in accordance with its bye-laws; (r) “Registrar” means the Registrar of Mutually Aided Co-operative Societies appointed under section 4 of this Act, and includes any other person on whom all or any of the powers of the Registrar under this Act are conferred; (s) “surplus” means the net excess of income over the expenditure.