Bare ActsThe Punjab Self-Supporting Co-operative Societies Act, 2006

Section 56

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

(I)(a) Every self-supporting co-operative society shall within a period of six months from the closure of the financial year, provide to its members, the following information and documents, namely :— (i) audited annual statement of accounts ; (i) plan for disposal of profits as approved by the general body ; (iii) up-to-date list of members, Directors and other office bearers of the self-supporting co-operative society ; PUNJAB GOVT GAZ. (EXTRA J), NO (KRTK 17, 1932 a) EEO RE par Wl . (iv) amendment if any, made in . ? the bye-] supporting co-operative society ; ye-laws of the self- (v) dates of holding of general body meetings ; (vi) date of conducting elections : and In case, the members of a self-supporting co-operative society are not provided the information and documents mentioned under sub-section (1), they shall have the right to seek information by making an application in writing to the Board. On receipt of such an application, the Board shall provide requisite information and documents within a period of fifteen days from the date of the receipt of the application ; and (b) In case, the Board fails to provide the information and documents referred to in clause (a), the members may make an application to the Registrar for seeking such information and documents, who shall on receipt of such application, direct, the self-supporting co-operative society to provide the requisite information and documents. The direction of the Registrar shall be binding on the o-operative society and in case, such society fails he Registrar, the Registrar may it under section 51 or an inquiry self-supporting c to comply with the direction of t order for conducting a special aud under section 53, as he deems fit. nformation and documents (2) The Board shall furnish the following i days from the holding of to the Registrar every year within a period of thirty the annual general meeting, namely :— (i) annual report of activities of the self-supporting co-operative society ; (ii) annual financial statement of accounts as audited ; a statistical statement indicating the name of the self-supporting ty and core services, offered by such society ber of members as on the last date of (iii) co-operative socie to its members, total num the financial year ; (Iv) servi Crvices provi rs a ovid 2 non-members and surplus or deficit of ed to the members and to non-members and surplus 1IC1t of the financi al year ; and v) dis Spos 3 posal of surplus or management of deficit. (3) The pers ) on conduc inqui 7 nsansble er) for the purpo ting an inquiry, may fix a reasonable period complia se of compliance of the provisions of sub-section (2), and such nee shall be mandatory on the person required to provide that information. CHAPTER-VIII Arbitration Council Arburation

Section 56 – The Punjab Self-Supporting Co-operative Societies Act, 2006 | DailyLaw.ai