Amendment status not verified — confirm the current text below against the official source.
Inserted by Punjab Act 3 of 1978 w.e-f. 16.11.1977 fer] be applied, and for the investment of any funds under the control of a co-operative society; (xxiii) | the extent to which a co-operative society may limit the number of its members; (xxiv) the conditions under which profits may be distributed to the members of a co-operative society with unlimited liability, and the maximum rate of dividend which may be paid by co-operative societies; (xxv) the calculation and writing off of bad debts by co-operative societies; (xxvi) the procedure to be followed by a liquidator appointed under section 58 in respect of provisions of section 59; (xxvii) the procedure to be followed in presenting and disposing of appeals under this Act; (xxviii) the form of orders referred to in sections 63 and 64; (xxix) the issue and service of processes and for proof of service thereof; (xxx) the manner of effecting attachment; (xxxi) | the custody, preservation and sale of property under attachment; (xxxii) the investigation of claims by persons other than the defaulter to any right or interest in the attached property, and for the postponement of the sale pending such investigation; (xxxiii) the immediate sale of perishable articles; (xxxiv) the inspection of documents in the office of the Registrar or of any other officer or authority and the levy of fees for granting certified copies of the same; EEE EE ee el (xxxv) | the terms and conditions on which Government may make share-capital contribution or give assistance, financial or other, to societies and the terms and conditions on which Government may guarantee the payment of the principal or interest on debentures issued by societies or loans raised by them; (xxxvi) the manner in which funds may be raised by a society or a class of societies by means of shares or debentures or otherwise and the quantum of funds so raised; (xxxvii) for giving reasonable notice of the charge under sections 31 and 32; (xxxviii) qualifications for members of the committee and employees of a society or class of societies and the conditions of service subject to which persons may be employed by societies; (xxxix) the method of communicating or publishing any order, decision or award required to be communicated or published under this Act or the rules. (3) Every rule made under this section shall be laid as soon as may be after it is made before *[**] the State Legislature while it is in session for a total period of ten days which may be comprised in one session or in two successive sessions, and if before the expiry of the session in which it is laid or the session immediately following ?[the Legislature] agrees in making any modification in the rule or 3[the Legislature] agrees that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be, so however, that (1) The words "each House of" omitted by the Adaption of Punjab Laws order 1970 Ea (2&3) Subsituted for the words "both Houses" by the order Ibid any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule. SECTION - 86