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Start Free TrialKarnataka Souharda Sahakari Act, 1997 Section 65
Title: Inquiry
State: Karnataka
Year: 1997
.....in writing he may issue a shorter notice. (3) The inquiry shall be completed as far as may be within a period of six months from the date of order of the inquiry. However, such period may be extended by six months under extraordinary circumstances. (4) The Registrar shall, within a period of one month from the date of conclusion of the inquiry, send a copy of the inquiry report to the Federal Co--operative and to the applicant. (5) For the purpose of inquiry under this Act, the Registrar,-- (a) may require in writing the President or Chairperson, Vice--President or Vice--Chairperson, or any Director, office bearer or officer or any other authority concerned to produce such receipts, vouchers, statements, returns, correspondences, notice or any other documents as he may consider necessary for the purpose of inquiry; (b) shall, at all times, have free access to the books, accounts, documents, securities, cash and other properties belonging to or in the custody of the Federal Co--operative and may summon any person in possession or responsible for the custody of any other properties to produce the same at any public office or at the head quarters of the Federal.....
View Complete Act List Judgments citing this sectionHindu Religious Institutions and Charitable Endowments Act, 1997 Section 65
Title: Civil Procedure Code to Apply to Proceedings Under the Act
State: Karnataka
Year: 1997
Save in so far as they are inconsistent with anything contained in this Act, the provisions of the Code of Civil Procedure, 1908 shall apply to all proceedings under this Act.
View Complete Act List Judgments citing this sectionFinance Act 1997 Section 65
Title: Particulars to Be Furnished in Declaration
State: Central
Year: 1997
.....partner thereof, or where for any unavoidable reason such managing partner is not able to sign the declaration, or where there is no managing partner as such, by any partner thereof, not being a minor; (e) where the declarant is any other association, by any member of the association or the principal officer thereof; and (f) where the declarant is any other person, by that person or by some other person competent to act on his behalf. (3) Any person, who has made a declaration under sub-section (1) of section 64 in respect of his income or as a representative assessee in respect of the income of any other person, shall not be entitled to make any other declaration, under that sub-section in respect of his income or the income of such other person, and any such other declaration, if made, shall be deemed to be void.
View Complete Act List Judgments citing this sectionKarnataka 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.
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 54
Title: Board of the Federal Co--operative
State: Karnataka
Year: 1997
(1) The Board shall be responsible to manage the affairs of the Federal Co--operative. (2) The Board, except the first Board of the Federal Co--operative, shall consist of one representative from every revenue district in the State. If there are no Co--operatives registered in any district under this Act or there are no eligible persons to be elected as directors, no representation shall be given to such district. (3) The term of the Board of the Federal Co--operative shall be five years from the date of assuming office. (4) The Chief Executive shall be the ex--officio director of the Board and shall not have right to vote in the election of office bearers.
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 56
Title: Powers and Functions of the Board
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.....
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 57
Title: Powers and Functions of President or Chairperson Vice--president or Vice--chairperson and Other Office Bearers
State: Karnataka
Year: 1997
(1) There shall be a President or Chairperson, Vice--President or Vice--Chairperson of the Federal Co--operative elected from amongst the elected members of the Board. (2) The President or Chairperson shall preside over the meetings of the Board and general body of the Federal Co--operative. In the absence of the President or Chairperson, the Vice--President or Vice--Chairperson shall preside over the meetings of the board and general body of the Federal Co--operative. The President or Chairperson shall have only a casting vote in the event of equality of votes on any matter being decided upon by the board except election to the office bearers. The President or Chairperson shall exercise such powers as may be delegated by the board and specified in the policies framed or resolutions adopted by the board. (3) The term of office of the President or Chairperson and Vice--President, or Vice--Chairperson shall be two and half years from the date of election. Explanation.--If the election to the office of President or Chairperson, Vice--President or Vice--Chairperson is held in the middle of the term, the remaining part of the term shall deemed to be a full term.
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 59
Title: Filling Up of Casual Vacancies
State: Karnataka
Year: 1997
(1) Where there is a casual vacancy on account of death, resignation, or disqualification on the board and where,-- (i) there is a quorum of directors, the board shall fillup the casual vacancy by co--option of a member for the remaining term: Provided that such co--option shall not be made if the remaining period is less than six months; or (ii) there is no quorum of directors, the Chief Executive shall immediately take steps to call a general meeting for election of directors to fill up the vacancy for the remaining term.
View Complete Act List Judgments citing this sectionKarnataka 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
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 64
Title: Audit
State: Karnataka
Year: 1997
The accounts of the Federal Co--operative shall be audited every year by an auditor or a Chartered Accountant appointed by the Federal Co--operative.
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