Amendment status not verified — confirm the current text below against the official source.
After Section 35 of the Principal Act, the following shall be inserted as a new section, namely :— o f 195°- “ 35A. Notwitlis anding anything contained in any law for the time being in force, the Registrar may at any time direct a particular society or a class of societies to appoint only persons having such qualifications as may be prescribed by him from time to time.” Insertion 7, After Section 42 of the Principal Act, the following Section 42 A be inserted as a new section, namely :•— in the Assam Act 1 of 1950, “42A. Notwithstanding any provision contained in this act, the State Government may, by general or special order direct transfer of any Co-operative Society from one financing bank to another after prior consultation with these banks and the society for the purpose of avaling finance by the society for its credit *nd non-credit operations, on such terms and conditions, as may be considered necessary. Amendment 8 In Section 44 of the Principal Act:—in sub-sec- °zMCt/lo n I4 t *o n clause (c), for the words “placed with the Assam Act isociety” the w ords- of 1950 “Charged, hypothecated or pledged with the society,” shall be substituted. Amendment