Amendment status not verified — confirm the current text below against the official source.
(1) Where the Government-- (a) have subscribed to the share capital of an apex or a central society; or (b) have assisted indirectly in the formation or augmentation of the share capital of an apex or a central society; or (c) have guaranteed the repayment of principal and payment of interest on debentures issued by an apex or a central society; or (d) have guaranteed the repayment of principal and payment of interest on loans and advances to an apex or a central society; 51A[the Government or any other authority shall have the right to nominate not more than two persons to the committee of an Assisted Apex or Central Society] (2) A person nominated to the committee of an apex or a Central society under sub-section (1) shall hold office during the pleasure of the Government or the specified authority, as the case may be. 51B[(2A) The person nominated under sub-section (1) shall not be eligible to hold the office of the president/chairman or vice-president/vice-chairman of the Apex or Central Society nor will be eligible for being sent as the delegate of the Apex or Central Society.] (3) A person nominated to the committee of an apex or a Central society under sub-section (1) shall not take part 51D[in the voting for the election of office bearers and] in the discussion of any no-confidence motion or vote on any such motion. 51C[(4) x x x x]] Substituted by Act 19 of 1987 for "31. Nominees of Government on committee of a society:- (1) Where the Government - (a) have subscribed to the share capital of a society; or (b) have assisted indirectly in the formation or augmentation of the share capital of a society as provided in Chap VI; or (c) have guaranteed the repayment of principal and payment of interest on debentures issued by a society; or (d) have guaranteed the repayment of principal and payment of interest on loans and advances to a society. the Government or any authority specified by the Government in this behalf shall have the right to nominate not more than three persons or one-third of the total number of members of the committee of the society, whichever is less, to be members of the committee. (2) A person nominated to the committee of a society under sub section (1) shall hold office during the pleasure of the Government or the specified authority, as the case may be. (3) A person nominated to the committee of a society under sub section (1) shall not take part in the discussion of any no-confidence motion or vote on any such motion. Substituted by Act 8 of 2013 for "the Government or any authority specified by them in this behalf shall have the right to nominate not more than three persons or one-third of the total number of members of the committee of such apex or central society, whichever is less, to be members of the committee" w.e.f. 14-02-2013. Inserted by Act 8 of 2013 w.e.f. 14-02-2013. Omitted by Act 8 of 2013 w.e.f. 14-02-2013. Inserted by Act 9 of 2024 published in K.G.Ext. No.1829 dt. 07/06/2024 (w.e.f. 07/06/2024).