Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything to the contrary contained elsewhere in this Act or in any other law for the time being in force,— (a) the board of directors if any of the Co-operative societies mentioned in the Fifth Schedule shall, if the election of its directors has not been held within a period of sixty months from the date of their election under sub-section (1) of section 29, stand dissolved on and from the date immediately following the date of expiry of the said period; (b) with effect from the date of dissolution of the board under clause (a), the directors thereof shall be deemed to have vacated their offices; (c) upon the dissolution of the board under clause (a) the State Government on report from the Registrar by notification, appoint a special officer from amongst its officers for managing the affairs of the Co-operative society for a period not exceeding six months from the date of dissolution: PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, MAY 25, 2010 37 The West Bengal Co-operative Societies Act, 2006. (Chapter IV—Status and management of Co-operative society.—Sections 37, 38.) Provided that until a special officer is appointed under this clause, the highest paid executive of the Co-operative society, by whatever designa- tion called, shall manage the affairs of the Co-operative society. Explanation.—If there is any dispute as to who is the highest paid executive of the Co-operative society, decision of the Registrar thereon shall be final; (d) with effect from the date of dissolution of the board under clause (a)— (i) all properties of the Co-operative society shall vest in the Registrar and shall remain vested till a new board assumes office; and (ii) subject to the control and direction of the Registrar, the highest paid executive of the Co-operative society or the special officer, as the case may be, shall exercise all the powers and perform all the duties which may, under this Act or the rules or the by-laws, be exercised or performed by the board or any officer of the Co-op- erative society: Provided that the Registrar shall reconstitute the board in the manner laid down in the proviso to clause (a) of sub-section (5) of section 29, before expiry of the period of six months and the board so reconstituted shall assume office immediately on such reconstitution. Summoning of meeting of Co-operative society and rescinding or suspending resolution thereof.