The Punjab Co-operative Sugar Mills (Further Extension of Tenure of Boards) Act, 1959

1959:Pb Act 27] THE PUNJAB CO-OPERATIVE SUGAR MILLS (FURTHER EXTENSION OF TENURE OF BOARDS) ACT, 1959 713 1THE PUNJAB CO-OPERATIVE SUGAR MILLS (FURTHER EXTENSION OF TENURE OF BOARDS) ACT, 1959. PUNJAB ACT NO. 27 OF 1959. [Received the assent of the Governor of Punjad on the 17th July,1959, and was first published for general information in the Punjab Government Gazette (Extraordin.ry) dated the 20th July, 1959] An Act to extend further the tenure of office of the first Board of Directors nominated by the Stare Government in Punjab Co-operative Sugar Mills in which the State Government has a financial interest. BE it enacted by the Legisalture of the State of Punjab in the tenth year of the Republic of India as follows- 1 (1) This Act may be called the Punjab Co- operative Sugar Mills (Futher Extension of Tenure of Boards) Act, 1959. (2) It extends to the whole of the State Punjab. of (3) It shall come into force at once. 2. (I) Notwithstanding anything to the contrary contained in the Punjab Co-operative Societies Act, 1954 (Punjab Act XIV of 1955). or the rules made thereunder or the by-laws made by any Co-operative Sugar Mills inwhich the State Government has a financial interest, the tenure of the first Board of Directors of such Co-operative Sugar Mills, nominated by the State Govenment, shall be four years from the date of thefirst constitution of the Board. (2) All acts done by the first Board of Direc- tors of any Co-operative Sugar Mills whose tenure of office would have expired by the lapse of Punjab Co-operative Sugar Mills (Tenure of Board) Ordin- ance, 1958 (Punjab Ordinance No. 2 of 1958), shanr be deemed to be valid. 1For Statement of Objects and Reasons, see Punjab Government Gazette (Extraordinary), 1959, page 174. Short title extent and commence- ment. Tenure of the first Board Directors certain of of Co-operatives Sugar-Mills to be four years.