Bare ActsThe Nagaland Co-operative Societies Act, 2017

Section 112

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

Recovery of Sums due: (1) All dues recoverable under this Actor Rules framed thereunder shall be reduced to the form of a Co-operative Demand Certificate as in 630 Schedule 'c' over the signature of the Registrar or of such Gazetted Officers as may have powers delegated to them by the Registrar in this behalf and shall be recovered as an arrear of land revenue and shall be paid to the certificate holder or his/her authorised nominee. Such certificate shall be in the name of the claimant and shall be delivered to him/her. (2) Notwithstanding anything contained in subsection (1), all the said dues shall also be recoverable as public demand on a written requisition send to the certificate officer in the prescribed form over the signature of the Registrar or of such Gazetted Officer or Officer of a Co-operative Society as may have powers delegated to him by the Registrar in this behalf. (3) For the purpose of this section a member of an Affiliated Society shall be deemed to be a member of the Affiliated Society and loans due to the affiliated society shall be deemed also to be loan due to Affiliating Society to the extent that loans from the Affiliating Society to the affiliated society are outstanding and cannot be recovered from the affiliated society provided that not more than one demand certificate may be executed against a single loan. (4) A copy of the Co-operative Demand Certificate prepared under this section shall be served in the manner prescribed upon the person from whom the amount is due. (5) On receipt of a copy of the Co-operative Demand Certificate, the person from whom the amount is due shall pay the same within a period of thirty days from the date of service of the certificate. Provided that the period during which the payment is to be made may be extended by the Registrar for a period not exceeding thirty days for reasons to be recorded in writing. (6) Any person violating the provisions of sub-section (5) above shall, on conviction be punished with imprisonment of either description which may extend to six months or with a fine not less than five thousand rupees or as the Registrar may deem fit for or with both. 631

Section 112 – The Nagaland Co-operative Societies Act, 2017 | DailyLaw.ai