Bare Act Search Results

The Haryana Electricity Reform Act, 1997 Complete Act

State: Haryana

Year: 1997

.....another or otherwise from one place to another; (q) words and expressions used but not defined in this Act and defined in the Electricity (Supply) Act, 1948 (Act No. 54 of 1948), have the meanings respectively assigned to them in that Act; (r) words and expressions used but not defined either in this Act or in the Electricity (Supply) Act, 1948 (Act No. 54 of 1948) and defined in the Indian Electricity Act, 1910 (Act No. IX of 1910), have the meanings respectively assigned to them in these Acts. PART II HARYANA ELECTRICITY REGULATORY COMMISSION Establishment and Constitution of the Commission Constitution of the selection committee to select members. 3. (1) For the purposes of this Act, within three months of the Act coming into force, the State Government shall establish by notification in the Official Gazette a Commission to be known as the Haryana Electricity Regulatory Commission, which shall be a body corporate with perpetual succession and a common seal with power to acquire and hold property, movable and immovable, and shall, by the said name, be entitled to sue and be sued. (2) The Commission shall consist of three members to be appointed by the State.....

Karnataka Souharda Sahakari Act, 1997 Chapter IV

Title: Management of Co--operative

State: Karnataka

Year: 1997

..... (a) unless he needs the services of the Co--operative and accepts the responsibility of membership and is competent to contract under the Contract Act, 1872 (Central Act IX of 1872); (b) if he conducts any business, such business being in conflict or competition with the business of the Co--operative as specified in the bye--laws; and (c) unless he fulfills such other conditions as may be specified in the bye--laws of the Co--operative: Provided that after the registration of a Co--operative, the members shall be admitted only by the elected board. (2) No person shall be eligible to continue as a member if such person,-- (a) has not used the services of the Co--operative for two consecutive years to the minimum level specified in the bye--laws; or (b) has not attended three consecutive general meetings of the Co--operative and such absence has not received the consent of the general body; or (c) is in default regarding any payment to be made to the Co--operative exceeding an amount and for a period specified in the bye--laws. (3) If a question arises as to the eligibility or otherwise of a person to become a member or to continue as a member, the board shall.....

Karnataka Souharda Sahakari Act, 1997 Section 23

Title: General Body

State: Karnataka

Year: 1997

.....Any reference in this Act to the general body shall apply to the representative general body also. (3) Subject to the other provisions of this Act, rules and the bye--laws, the following matters shall be dealt with by the general body namely:-- (a) consideration of the annual report presented by the board; (b) appointment and removal of auditors, Chartered Accountants and internal auditors; (c) consideration of the auditor's report and audited statement of accounts; (d) consideration of audit compliance report; (e) disposal of net profit; (f) review of operational deficit, if any; (g) approval of the long term perspective plan and the annual operational plan; (h) approval of the annual budget; (i) creation of specific reserves and other funds as specified in the bye--laws; (j) review of actual utilisation of reserve and other funds; (k) election of directors of the board; (l) removal of directors of the board and filling up of casual vacancies; (m) report on action taken on inquiry report under section 37, if any; (n) report on membership of the Co--operative in other Co--operatives; (o) review of annual report and accounts of any organisation.....

Karnataka Souharda Sahakari Act, 1997 Chapter IX

Title: The Federal Co--operative

State: Karnataka

Year: 1997

.....Co--operative shall be the authority to exercise all the powers and perform all the functions conferred on the Federal Co--operative under this Act, rules and the bye--laws, and shall have powers,-- (a) to elect the President or Chairperson, Vice--President or Vice--Chairperson and other office bearers; (b) to remove from office the President or Chairperson, or Vice-- President or Vice Chairperson and other office bearers; (c) to appoint and remove the Chief Executive; (d) to fix staff strength; (e) to frame policies concerning the organisation and services to the member Co--operatives; (f) to frame regulations regarding,-- (i) custody and investment of funds; (ii) maintenance of accounts; (iii) mobilisation, utilisation and investment of various funds; (iv) monitoring and management of information system including statutory returns to be filed; and (v) such other subjects and matters necessary for the effective performance of the Federal Co--operative; (g) to place the annual report, annual financial statements, and annual plan and budget for the approval of the general body; (h) to consider audit and compliance report and place the reports before.....

Karnataka Souharda Sahakari Act, 1997 Chapter V

Title: Accounts, Audit and Inquiry

State: Karnataka

Year: 1997

.....inquiry, if satisfied that any or all of the office bearers or directors or Chief Executive is or are responsible for any payment contrary to the Act, rules or the bye-laws and has or have caused loss or deficiency in the assets of the Co-operative by breach of trust or negligence or has or have misappropriated or fraudulently retained any money or property belonging to such Co-operative, without prejudice to any civil or criminal proceedings to which they may be liable, may direct the board to convene the general meeting within such reasonable time as the Federal Co-operative or the Registrar, as the case may be, specify to discuss the findings of the inquiry report and for initiating necessary action against the concerned. ______________________________________ 1. Substituted by Act 21 of 2004 w.e.f. 31.3.2004. Section 37 - Action on inquiry Report 1[The Registrar], as the case may be, after such inquiry, if satisfied that any or all of the office bearers or directors or Chief Executive is or are responsible for any payment contrary to the Act, rules or the bye-laws and has or have caused loss or deficiency in the assets of the Co-operative by breach of trust or.....

Karnataka Souharda Sahakari Act, 1997 Section 55

Title: Disqualification for Being Elected or Continued as Director

State: Karnataka

Year: 1997

.....the expiry of the term of the board; (ii) conducted the annual general meeting within six months of closure of the year, or a requisitioned meeting of the general body within the specified time; or (iii) placed the audited accounts for the preceeding year along with the reports of the auditors or Chartered Accountants, as the case may be, before the annual general meeting. 1[(3) If any question arises as to whether a member of the board was or has become subject to any of the disqualification mentioned in this section, the Registrar shall either suo motu or on a report made to him shall decide the question after giving the person concerned a reasonable opportunity of being heard.] ______________________________________ 1. Substituted by Act 21 of 2004 w.e.f. 31.3.2004.

Karnataka Souharda Sahakari Act, 1997 Section 61

Title: Employees of the Federal Co--operative

State: Karnataka

Year: 1997

.....other negotiable instruments and operate the bank accounts of the Federal Co--operative; (d) be responsible for appointment of employees and to ensure discipline, performance and welfare; (e) be the person to enter into agreements or contracts on behalf of the Federal Co--operative; (f) arrange to maintain proper records and accounts of the Federal Co--operative; (g) present the draft annual report and financial statements for the approval of the board within the time stipulated in the bye--laws; (h) convene the board meetings and general body meetings in consultation with the President or Chairperson, in accordance with the bye--laws and record the proceedings thereof; (i) assist the board in the formation of policies and plans; (j) be responsible to the board; (k) furnish to the board information necessary for monitoring the performance of the Federal Co--operative; (l) furnish registers and accounts at the time of audit by the auditor or by the Chartered Accountant; and (m) perform any other function authorised by a resolution of the board and general body.

Karnataka Souharda Sahakari Act, 1997 Section 60

Title: Meetings

State: Karnataka

Year: 1997

(1) The number of board meetings and general meetings shall be specified in the bye--laws of the Federal Co--operative: Provided that not less than six board meetings and one general meeting shall be held in a year. (2) The board shall convene a special general meeting within thirty days of receipt of a requisition to this effect from not less than one tenth of members of the Federal Co--operative or as provided in the bye--laws and any such requisition shall contain the reasons for conducting such meeting. (3) In the event of failure by the Federal Co--operative to call such meeting, the Registrar shall convene such general meeting within sixty days of receipt of such a request made to him by not less than one tenth of the members of the Federal Co--operative. (4) The Chief Executive of the Federal Co--operative shall record in the minute's book minutes of all proceedings of every general meeting and of every meeting of the board of the Federal Co--operative. (5) Such minutes shall be communicated to all persons invited for the meeting within thirty days of the conclusion of the meeting. (6) The minutes so recorded shall be signed by the person who chaired the said m

Karnataka Souharda Sahakari Act, 1997 Section 34

Title: Furnishing Information

State: Karnataka

Year: 1997

Section 34 - Furnishing Information Before 31st October of every year, a Co-operative shall furnish the following information to the1[and in the case of Co-operative Bank also to the Reserve Bank] namely:-- (a) annual report of activities of the previous year and programme for the ensuing year; (b) audited statement of accounts; (c) plan for disposal of surplus as approved by the general body; (d) list of directors and their terms of office; (e) list of amendments to the bye-laws of the Co-operative; and (f) declaration regarding the date of conducting the general body meeting and elections, if any. ______________________________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004.

Karnataka Souharda Sahakari Act, 1997 Chapter II

Title: Registration

State: Karnataka

Year: 1997

.....of funds, maintenance of reserve fund, appropriation of profit. grant of loan, fixation of interest rate on deposits and advances, and such other activities as mentioned in section 6 of the Banking Regulation Act, 1949 as applicable toco-operative societies shall be subject to the provisions of the said Act, the rules, regulations or directions made or issued thereunder from time to time by the Reserve Bank or the National Bank.] ______________________________________ 1. Omitted by Act 21 of 2004 w.e.f. 31.3.2004. Section 10 - Bye--laws (1) Subject to the provisions of this Act or rules, everyCo-operative shall function in accordance with its bye-laws which as far as possible shall adhere to theCo-operative principles. (2) Thebye-laws of every Co-operative shall provide for the following matters, namely:- (i) the name, address and area of operation of theCo-operative; (ii) the objects of theCo-operative; (iii) conditions of eligibility, disqualifications for, and procedure for admission, withdrawal, removal or cessation of membership including that of the directors and office bearers; 1 ["(iiia) the rights, privileges, duties and liabilities of membership.....