Amendment status not verified — confirm the current text below against the official source.
Added by G.O.Ms.No.56, Agriculture and Cooperation (Coop-II) Department, dated 28.05.2016. Renewal of Registration. Society to be a body corporate. 12 [Act No.7 of 1964] entitled to acquire, hold and dispose property to enter into contracts on its behalf, to institute and defend suits and other legal proceedings and to do all other things necessary for the purposes for which it was constituted. 33[9-A. Where the Government extends State aid as specified under section 43 of the Act, such society shall not dispose of or create any charge over its property without the prior approval of the Registrar and the consent of the federal society or financing bank concerned as the case may be. 9-B. (1) The Registrar shall, at any time, of his own motion and after giving the society an opportunity of making its representation, if any, by order, de-register a society which is in existence for a period not exceeding four years from the date of its registration,- (i) where the membership of the society falls short of the minimum number prescribed for registration of such society; or (ii) where the society has not commenced working within the prescribed period or has ceased to work; or (iii) where in the opinion of the Registrar, the society is conducting its affairs in contravention of the cooperative principles or in violation of the provisions of the Act, rules and bye-laws made there under or in a manner detrimental to the interest of its members or the promotion of the object for which it has been registered; or (iv) where the society has been registered by fraud or misrepresentation of facts.