Amendment status not verified — confirm the current text below against the official source.
Published vide Orissa Gazette Ext. No. 99-D/15.02.1963, Notfn. No. 968 Legis. dated 13.02.1963. The Odisha Gazette EXTRAORDINARY PUBLISHED BY AUTHORITY Similarly, it is necessary that the Auditor-General of Co-operative Societies, to whom all powers of Audit and Surcharge etc., have been transferred under the amendments of 1991, is empowered to have access to the records and property of the Society and exercises all ancillary powers and not the Registrar any longer, as provided under Sub-Section (4) of Section 62 of the Act. This Bill seeks to achieve inter alia, the above objectives. Act 7 of 1996 The Bill presented for replacement of the Orissa Co-operative Societies (Amendment) Ordinance, 1996 provides, inter alia, for immediate representation of the weaker Sections in the Committees of management of all Central and Apex Societies in the State, dissolution of the exiting Committees of such Societies with effect from the date of promulgation of the Ordinance, vesting of the management of the said Societies in the Registrar, upon such dissolution, entrustment of such management of interim Committees to be nominated by the Registrar giving representation therein to the target group of vulnerable Sections, voluntary amendments of bye-laws and reconstitution of Committees of the Societies concerned within the specified period of six months and compulsory amendment of bye-laws and reconstitution of Committees of the Societies concerned within the specified period of six months, and compulsory amendment of bye-laws and constitution of such Committees by the Registrar in the event of the Society failing to so amend and constitute, within the specified period, deemed membership of the members of Primary Societies in the Central and Apex Societies to which the Primary Societies are affiliated, revised definition of Central and Apex Societies, enabling such Societies to also have individuals as their members, reintroduction of the provision regarding suspension of erring Committees of Societies, pending finalisation of suppression proceedings initiated against them, and also reintroduction of a system of indirect election of Presidents of Committees of mangement in order to have more cohesively functional Committees. The Bills seeks to achieve the above objectives. Act 6 of 1998 The Orissa Co-operative Societies (Amendment) Bill, 1998 seeks to replace the Orissa Co-operative Societies (Amendment) Ordinance, 1998. In order to give reasonable time, so as to enable the Registrar to cause amendment of the Bye-Laws of the Central and Apex Co-operative Societies and to reconstitute the Committees of such Societies with adequate representation of weaker Sections belongings to Scheduled Castes, Scheduled Tribes, Other Backward Classes and women by holding election, which could not be completed within the statutory period due to unexpected interruption caused by the General Election to the Lok Sabha, as stated in the Statement explaining the circumstances which had necessitated immediate legislation. It is considered necessary and expedient to amend Section 28 (2) (g) (iv) of the Orissa Co-operative Societies Act, 1962 by enhancing the period specified therein from nineteen months to twenty-five months. Society or class of registered societies, the accounts of which are made up to any other date with the previous approval of the Auditor-General, the year ending with such date;] 1[(d-2) "Co-operative Principles" means the principles specified in Schedule II; (d-3) "Family" means an individual, his or her spouse, sons, daughters and other near relatives dependent on, and jointly residing with, him or her;] 2[(e) "Financing Bank" in relation to a Society means a Society engaged in Banking business under the Banking Regulation Act, 1949 or a Scheduled Bank as defined under the Reserve Bank of India Act, 1934 or the Reserve Bank of India, the National Bank for Agriculture and Rural Development, the Industrial Development Bank of India Limited or any similar Bank or any financial institutions regulated by the Reserve Bank of India and includes such financing institutions like the National Dairy Development Board and National Cooperative Development Corporation, to which the Society is indebted in cash or in kind;'; and] 1[(e-1) "Joint Member" means a husband and wife team joining as such in an application for registration of a Society which is subsequently registered, or admitted as joint member after the registration of a Society in accordance with the provisions of this Act, Rules and Bye-laws of a Society and holding a share or shares in the Society jointly;] (f) "Member" means a person joining in the application for the registration of a Society and a person admitted to membership after such registration in accordance with this Act, the rules and the bye-laws, and includes a 3[joint and nominal Member;] 4[(f-1) "Near relative" means father, mother, husband, wife, son, daughter, undivided brother, unmarried sister and son's wife;] 5[(f-2) “Nominal member” means a person admitted as such to a Society, after its registration in accordance with the bye-law;] 6[(f-3) "National Bank" means the National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981;]