Amendment status not verified — confirm the current text below against the official source.
(1) If, on receipt of a report from the Registrar, the State Government is of opinion that— (a) any board— (i) has persistently made defaults, or has been grossly negligent, in the performance of its duties under this Act or the rules or the by-laws, or (ii) has committed any act prejudicial to the interest of the concerned Co-operative society or the members of any other Co-operative society; or (iii) has wilfully disobeyed or wilfully failed to comply with any lawful order or direction of the State Government or the Registrar issued under this Act; or 36 THE KOLKATA GAZETTE, EXTRAORDINARY, MAY 25, 2010 [PART III The West Bengal Co-operative Societies Act, 2006. (Chapter N.—Status and management of Co-operative society.—Section 36.) (b) the affairs and business of any Co-operative society has come to a stale- mate due to persistent default or negligence in the performance of duties by its board, the State Government may, after service of a notice upon the board and giving it an opportunity for stating its objections and upon hearing such objections, by a notification stating reasons therefor, dis- solve the board, the directors of which shall forthwith vacate their offices and by the said notification the State Government shall appoint one of its officers to manage the affairs of the Co-operative society who shall be called the administrator, for a period not exceeding six months and may also, by notification extend such period so, however, that the total period shall not exceed one year in any case: Provided that the State Government shall not take any step towards immediate dissolution of the board of directors of the State Co-operative Bank or the Central Co-operative Land Development Bank or any Central Co-operative Bank or such other Co-operative Bank as comes within the provision of Part V of the Banking Regulation Act, 1949, without prior 10 of 1949. consultation with the Reserve Bank of India or the National Bank for Agriculture and Rural Development, as the case may be: Provided further that the Registrar shall reconstitute an elected Board of Directors of the Co-operative society in a general meeting to be convened for the purpose in accordance with the Act, rules and by-laws within the tenure of the office of the administrator as specified in the notification so that he may make over his charge to the newly elected Board before expiry of his tenure. Dessolution of the board in certain cases and appointment of special officer. (2) During the tenure of office of the administrator appointed under sub- section (1)— (a) all properties of the Co-operative society shall vest in the Registrar; and (b) subject to the control of the Registrar and notwithstanding the preferring of any appeal under section 147, the administrator shall exercise all the powers and perform all the duties which may be exercised or performed by the board or any officer of the Co-operative society under this Act or the rules or the by-laws.