Supersession or suspension of cooperative board allowed where fraud, stalemate, or election failures prompt central appointment of administrators. The amendment permits the Central Government, after giving the board an opportunity to state objections, to supersede or suspend a multi State co operative society board and appoint administrators (who need not be members) where there is fraud, misappropriation or other conduct prejudicial to the society, failure to comply with directions under section 122, board stalemate, or failure of the Co operative Election Authority to conduct elections. Supersession or suspension for election failure is confined to cases where the board did not requisition elections in time or failed to assist as required under section 45. 'Specified multi State co operative society' is defined by Government financial interest.
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.
Supersession or suspension of cooperative board allowed where fraud, stalemate, or election failures prompt central appointment of administrators.
The amendment permits the Central Government, after giving the board an opportunity to state objections, to supersede or suspend a multi State co operative society board and appoint administrators (who need not be members) where there is fraud, misappropriation or other conduct prejudicial to the society, failure to comply with directions under section 122, board stalemate, or failure of the Co operative Election Authority to conduct elections. Supersession or suspension for election failure is confined to cases where the board did not requisition elections in time or failed to assist as required under section 45. 'Specified multi State co operative society' is defined by Government financial interest.
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