Amendment status not verified — confirm the current text below against the official source.
Section 116-B with marginal heading inserted by Act No.19 of 1976. Power of Government to give directions to societies, etc. 164 [Act No.7 of 1964] communities which are specified by the President of India by a public notification under clause (1) of Article 342 of the Constitution; (c) ―Backward Classes‖ means such groups of citizens which are classified by the Government as ‗socially and educationally backward classes of citizens‘.] 304[116-C. 305[(1) A society shall have power to fix the staffing pattern, qualifications, pay scales and other allowances for its employees with the prior approval of the Registrar of Cooperative Societies subject to the condition that expenditure towards pay and allowances of the employees shall not exceed two percent of the working capital or thirty percent of the gross profit, in terms of actuals in a year whichever is less.] (2) No appointment or removal of a Chief Executive by whatever name called of any society, or of societies as may be prescribed, which are in receipt of financial aid from the Government, shall be made without the prior approval of the Registrar of the Cooperative Societies.] 306[117. [(1) Where a new committee is elected, or a committee is nominated or a person is appointed by the Registrar under section 15A or an official assignee appointed under section 9C, or the committee is superseded by the Registrar and Administrator(s) is/are appointed under section 34, or where the society is ordered to be wound up and a liquidator is appointed under section 65, and such new Committee, Administrator(s), liquidator or