The Manipur Co-Operative Societies (Second Amendment) Act, 1985

BILL NO. 6 OF 1985 THE MANIPUR CO-OPERATIVE §OCIETIES (SECOND AMENDMENT) BEL, 1985 (As passed by the Legislative Assembly, gnipur on 27-2-85) :L ~ A BILL further to amend the Manipur Co-Operative Societies Act, 1976 (Manipur Act N0. 14 of 1976). BE it enacted by the Legislature of Manipur in the Thirty-sixth Year of the Republic of India as follows: 1. (1) This Act may be called the Manipur Co-operative Societies (Second Amendment) Act, 1985. (2) It shall be deemed to have come into force on the 29th day of January, 1985. 2. After section 78 of the Manipur Co-Operative Societies Act, 1976, the following section shall be inserted, namely,— 78A. Notwithstanding anything contained in this Act, it‘ the “Power to State Government on receipt of a report from the suspend or Registrar. Co-Operative Societies or otherwise is satisfied dissolve the that the management of a Society has not been in existing accordance with the provisions of the Act and creditors Board or of the societies have, for justifiable reasons, raised to rccons- repeated objections to the method and'manner of the titute a management and further that, the management of society, new Board. if allowed to continue as such may likely cause irreparable loss and injury to the Society and the public in general, the State G'W‘xnment may, by a notification in the Official Gazette, §uspend the Board for a period not exceeding 12 mOnths at a time and three years in the whole or dissolve the Board: Short title and com- Insertion of a new set:tion'18.flt.p Repeal and Savings. Provided that when the Board is suspended or dissolved, or where the term of such a Board becomes expired, the State Government may appoint as Adminis- trator to exercise and perform the powers and duties of the Board during the period of suspension or tilla new Beard is reconstituted as the 0353 may be.” 3. (i) The Manipur Co-Operative Societies (Second Amendment) Ordinance, 1985 (Manipur Ordinance N0. 1 of 1995) is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shaii be deemed to haVe been done or taken under the corresponding provisions of this Act.