Amendment status not verified — confirm the current text below against the official source.
(a). Section 31(1) relettered as 31(1)(a) and 31(1)(b) inserted by Act No.19 of 1976. (b). (1)(a) and (1)(b) substituted by G.O.Ms.No.53, Agriculture and Cooperation (Coop-II) Department, dated 20.05.2016. Constitution of supervisory council. Constitution of Committee. [Act No.7 of 1964] 57 Provided further that if no committee is constituted under this section to manage the affairs of the society within 180 days from the date of the registration of the society, the certificate of Registration issued under section 8 is deemed to have been cancelled: Provided further that where the bye-laws so provide, the Government or the Registrar may nominate all or any of the members of the first promoters Committee for such period as may be specified or till the first elected Committee assumes office, whichever is earlier. (b) The Board / Committee shall consist of such number of Directors as may be prescribed: Provided that the maximum number of Directors of a Co-operative society shall not exceed twenty-one: Provided further that one seat for the Scheduled Caste or the Scheduled Tribe and two seats for women shall be reserved on Board of every Co-operative society consisting of individuals as members and having members from such class or category of persons subject to that in the case of a Primary Agricultural Co-operative Credit Society, a Farmers Service Co-operative Society, a Co-operative farming Society, a Co-operative Central Bank and a District Co-operative marketing society, not more than one-half of the total number of seats to be filled by elected members of the Committee thereof shall be reserved to be filled by members of the Scheduled Castes, Scheduled Tribes, Backward Classes and Women in such proportion as may be prescribed: Provided further that the Board may fill up a casual vacancy / shortfall of the Board by nomination out of the same class of members in respect of which the casual 58 [Act No.7 of 1964] vacancy / shortfall has arisen, if the term of office of the Board is less than half of its original term: Provided further that no member who has lost in the current election shall be eligible for filling up the casual vacancy that has arisen during the current term of the Board.] 136[(c) [xxx] (d) [xxx]] 137[(e) In addition to the number specified as per section 31(1)(b), the elected members of Committee may co-opt, not exceeding two persons as members of the Committee, out of which one shall have experience in the field of banking or management or finance and the other shall have specialization in any other field relating to the objects and activities undertaken by the society: Provided that such co-opted members shall not have the right to vote in any election of the co-operative society in their capacity as such member or to be eligible to be elected as office bearers of the Committee: Provided further that Functional Directors of a Co- operative society as may be prescribed shall also be the members of the Committee and such members shall be excluded for the purpose of counting the total number of the Directors specified in section 31(1)(b).] 138[(1-A) Notwithstanding anything in this Act or in the bye-laws of the societies referred to in clause (b) of sub-