Amendment status not verified — confirm the current text below against the official source.
Special General Meeting.-(1) The Committee may at any time, call a special general meeting of the society and shall call such meeting within one month after the receipt of a requisition in writing from the Registrar or from one-tenth of total number of members. (2) If a special general meeting of a society is not called in accordance with the requisition referred to in sub-section (1), the Registrar or any person authorized by him in this behalf, shall be deemed to be a meeting called by the Committee. (2-a) Where any officer whose duty it was to call such a meeting in accordance with the provisions of this Act, or the rules or byelaws made thereunder fails without reasonable excuse to call such meeting, the Registrar 44 may, by order, declare such officer to be disqualified for being a member of the committee for such period not exceeding (seven years) as he may specify in such order and if the officer is an employee of the society impose on him a penalty not exceeding (five thousand) rupees: Provided that no order shall be made under this sub-section unless the person concerned is given a reasonable opportunity of being heard. (3) The matters before a special general meeting may include all or any of the matters specified in Section 49. 50-A. Disqualification for being candidate or voter for election to Board of Director or representative or delegate of society.-(1) No person shall be qualified to be a candidate for election as member of the Board of Directors, representative or delegate of the society if he is in default for a period exceeding 12 months to the society or any other society for any loan or advance taken by him. (2) A person elected to an office of a society shall cease to hold such office, if he is in default for a period exceeding 12 months to the society or any other society for any loan or advance taken by him, and the Registrar shall declare his seat vacant: Provided that a person elected to an office of a co-operative bank from a society other than co-operative credit structure, shall cease to hold such office, if such society commits default for any loan or advance for a period exceeding three months, and the Registrar shall declare his seat vacant. (3) No person shall be entitled to vote at any election of the Board of Directors, representative or delegate of the society, if he is in default for a period exceeding 12 months to the society or any other society for any loan or advance taken by him.