Amendment status not verified — confirm the current text below against the official source.
Amendment of section 73.- In sectien 73 ofthe Principal Act,- (1) in shb-section (2), for the words “willinOt apply in the case of G'overmnent Nominees”, the words “shall apply to elected Board only” shall be substituted; (ii) after sub-section (4), the following new sub-section (5) shall be inserted, namely; , 1 “(5) Notwithstanding anything eontained in sub-section (4), the term of the Board of a Short Term Co-operative Credit Structure Society nominated under sub—section (4) shah not exceed two‘ months from the date of expiry ofthe term atthe existing Board: Provided that in circumstances beyond control, the Government may allow the Board to function upto six months fiom the date of expiry ofthe term of the existing Boar .”. - ' ’ ‘