Amendment status not verified — confirm the current text below against the official source.
(1) The State Government may, by notification, for such reasons as may be prescribed, to be recorded in writing, exempt any Co-operative society or class of Co- operative societies or any other institution under this Act from the operation of any of the provisions of this Act, considered unsuited thereto and thereupon the said provisions shall not apply to such Co-operative society or class of Co-operative Societies or any other institutions under this Act until such provisions are applied thereto by notification: Provided that no notification to the prejudice of any Co-operative society or class of Co-operative societies or any other institution under this Act shall be issued without an opportunity being given to it to represent its case. Such opportunity or hearing has to be notified inviting objection, if any from interested persons: Provided further that exemption under this sub-section cannot be accorded in case of extension of the tenure of the Board of Directors of any Co-operative society or class of Co-operative societies, as the case may be, appointment of employees or officers of the Co-operative society holding Annual General meeting, Special Annual General meeting and reconstitution of the Board of Directors of any Co-operative society. (2) While the exemption, as aforesaid, remains in force, the State Government may make rules consistent with the provisions of this Act in respect of any matter within the purview of such provisions of this Act from the operation of which the Co-operative society or class of Co-operative societies or any other institutions under this Act as aforesaid are exempted. Construction of reference to Act 2 of 1912, Ben. Act XXVI of 1940, West Ben. Act XXXVIII of 1973 and West Ben. Act XLV of 1983. The Companies Act 1956 not to apply. Prohibition of the use of word "Co- operative". Officers of Co- operative societies to be public servants. Exemption of Co- operative societies from provisions of this Act.