Amendment status not verified — confirm the current text below against the official source.
Any society or any officer or member thereof or any other person contravening the provisions of this Act for which no punishment is expressly provided herein shall be punishable with fine which may extend to fifty rupees. 257[83. (1) No court inferior to that of a Magistrate of the first class or a Metropolitan Magistrate shall try any offence under this Act. (2) Every offence under this Act shall, for the purpose of the Code of Criminal Procedure, 1973, be deemed to be cognizable. (3) No prosecution shall be instituted under this Act without the previous sanction of the Registrar.] 258[83A. [xxx]] 259[83B. (1) In the trail of offences by the Court it shall be presumed, until the contrary is proved that any member, officer or employee of a society,- (a) who draws the amounts from the financing institutions and fails to properly disburse or account for it has misappropriated the amounts;