Repayment obligations for society officers: Registrar can order restoration with interest after inquiry and hearing. Section 83 authorises the Central Registrar to inquire into conduct of persons in management or employment of a multi State co operative society where audit, inspection, inquiry or winding up reveals improper payments, breach of trust, wilful negligence, misappropriation or fraudulent retention; inquiries must be commenced within two years (extendable to six years for fraud or concealment). After a reasonable opportunity of hearing, the Registrar may order repayment or restoration of money or property and direct payment of interest, contributions, costs or compensation as just and equitable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repayment obligations for society officers: Registrar can order restoration with interest after inquiry and hearing.
Section 83 authorises the Central Registrar to inquire into conduct of persons in management or employment of a multi State co operative society where audit, inspection, inquiry or winding up reveals improper payments, breach of trust, wilful negligence, misappropriation or fraudulent retention; inquiries must be commenced within two years (extendable to six years for fraud or concealment). After a reasonable opportunity of hearing, the Registrar may order repayment or restoration of money or property and direct payment of interest, contributions, costs or compensation as just and equitable.
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