Bare ActsThe KARNATAKA SOUHARDA SAHAKARI ACT, 1997

Section 40

Period of limitation

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

Period of limitation.- (1) No dispute under section 39 shall be entertained unless it is referred to the Registrar within six years from the date of the cause of action: Provided that a dispute relating to the election of a Director, President or Chairperson, Vice-President or Vice-Chairperson, or other Office Bearers of the Board shall be referred to the Registrar within thirty days from the date of declaration of the result of the election. 1 [Provided further a dispute relating to the disciplinary action against or service conditions of an employee shall be filed within a period of twelve months from the date of the order relating to such dispute.] 1 1.Inserted by Act 4 of 2013 w.e.f. 11.02.2013. (2) Notwithstanding anything contained in sub-section (1), the Registrar may entertain a dispute referred after the period specified in sub-section (1) if he is satisfied that the person making the reference had sufficient cause for not making the reference within that period.

Section 40 – The KARNATAKA SOUHARDA SAHAKARI ACT, 1997 | DailyLaw.ai