Amendment status not verified — confirm the current text below against the official source.
It shall be an offence under this Act, if - a. any member of a society transfers any property or interest in the property in contravention of sub-section (2) of section 48 or any person knowingly acquires, or abets in the acquisition of, such property; b. any employer and every director, manager, secretary or other officer or agent acting on behalf of such employer who without sufficient cause, fails to comply with sub-section (2) of section 50 ; or c. a committee of a society or an officer or member thereof fails to invest funds of such society in the manner required by section 71 ; or d. any person, collecting share money for a society information does not within a reasonable period deposit the same in the Apex Bank, or an urban Co-operative Bank, or Postal Savings Bank ; or e. any person, collecting share money for a society in formation makes use of the funds so raised for conducting any business or trading in the name of a society be registered or otherwise ; or f. a committee of a society, or an officer member thereof fails to comply wjth the provisions of sub-sections (2), (3) or (4) of section 76 ; or g. any officer or member of a society who is in possession of information, books and records, fails to furnish such information or produce books and papers, or give assistance to a person appointed or authorized by the State Government or the Registrar under Sections 79, 82, 84, 86 or 98 or 107 ; or h. any officer of a society fails to hand over the custody of books, records, cash, security and other property belonging to the society of which he is an officer to a person appointed under section 79 or 107 ; or