Amendment status not verified — confirm the current text below against the official source.
Clause (e) substituted by G.O.Ms.No.53, Agriculture and Cooperation (Coop-II) Department, dated 20.05.2016. Punishment for furnishing false return or information, failure to furnish information or failure to comply with directions/ orders. [Act No.7 of 1964] 125 250[(f) an officer, or an employee of the society including the paid Secretary dishonestly or fraudulently misappropriates or otherwise converts for his own use or intentionally causes loss to the property of the society entrusted to him or under his control as such officer or employee or allows any other person so to do; (g) an officer, or an employee of the society is or proved to have been in possession of any property of the society reasonably suspected to have been stolen or unlawfully obtained; or (h) any officer or employee abets any offence punishable under this Act whether or not that offence is committed in consequence of that abetment;] 251[(i) any employer who, without sufficient cause, fails to pay to a co-operative society the amount deducted by him from its employee within a period of fourteen days from the date on which such deduction is made; (j) whoever, before, during or after the election of members of the board or office bearers, adopts any corrupt practice; (k) when a cooperative society or elected Board fails to produce necessary records and necessary information for conduct of audit and get the approval of the audit accounts by the General body of the Society within six months: Provided that, the responsibility for the offence committed under sub-section 79 (1) (k) lies with the Chief Executive officer of the society called by any designation and the managing committee or Board present at the time of