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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.

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Karnataka Souharda Sahakari Act, 1997 Section 28

Title: Election of Office Bearers

State: Karnataka

Year: 1997

(1) The Chief Executive shall within fifteen days from the date of election of the board and immediately before the expiry of the term of office of the President or Chairperson, Vice--President or Vice--Chairperson convene a meeting in the prescribed manner of all the elected members of the board for the purpose of electing President or Chairperson, Vice--president or Vice--Chairperson and such other office bearers as are required to be elected under the bye--laws of the Co--operative. One of the elected members who is not a candidate for the election of President or Chairperson, Vice--President or Vice--Chairperson, shall be chosen to preside over such meetings: Provided that at the election of the office bearers held immediately after registration of a Co--operative, one of the elected directors who is not a candidate for the election of the office bearers, shall be chosen to preside over the meeting of the first Board: Provided further that at the election of office bearers if all the elected directors are the candidates, the Chief Executive shall preside over such meeting of the Board. (2) The President or Chairperson or in his absence, the Vice President or Vice--Chair

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Karnataka Souharda Sahakari Act, 1997 Section 26

Title: Election of Board

State: Karnataka

Year: 1997

.....the board and the chief Executive shall arrange to hold such a meeting.] (2) Where the board does not take necessary action to conduct elections to the board before the expiry of the term of directors,1[the Registrar] Co-operative shall appoint an Administrator immediately for a period not exceeding three months to conduct such elections. (3) The elections of the directors shall be held at the general meeting by secret ballot. (4) The newly elected directors shall assume office immediately at the expiry of the term of office of the outgoing directors. ______________________________________ 1. Substituted by Act 21 of 2004 w.e.f. 31.3.2004. 2. Inserted by Act 21 of 2004 w.e.f. 31.3.2004.

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Karnataka Souharda Sahakari Act, 1997 Section 58

Title: Elections

State: Karnataka

Year: 1997

Section 58 - Elections (1) The conduct of elections of the Board of Directors of the Federal Co-operative shall be the responsibility of the incumbent board of the Federal Co-operative. Elections shall be conducted before the expiry of the term of the office of the outgoing directors in the manner specified in the bye-laws.1[The Registrar shall appoint a returning officer for conducting such elections.] (2) The newly elected directors shall assume office immediately after expiry of the term of the outgoing board. (3) Where the number of nominations exceeds the number of directors to be elected, the election of directors shall be by secret ballot. ___________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004.

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Karnataka Souharda Sahakari Act, 1997 Section 25

Title: Disqualification for Being Elected or Continued as Director

State: Karnataka

Year: 1997

.....of the year, or requisitioned meeting of the general body within the time stipulated in section 30; or (c) have not placed the audited accounts for the preceeding year along with the report of the auditor before the annual general meeting. (3) A director or an employee who is guilty of misappropriation, breach of trust or any other omission or commission resulting in loss to theCo-operative, shall be personally liable to make good that loss without prejudice to such criminal action to which he is liable under any other law for the time being in force. ______________________________________ 1. Substituted by Act 21 of 2004 w.e.f. 31.3.2004. 2. Inserted by Act 21 of 2004 w.e.f. 31.3.2004.

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Hindu Religious Institutions and Charitable Endowments Act, 1997 Section 26

Title: Term of Office of the Committee of Management and Election of Chairman

State: Karnataka

Year: 1997

(1) Subject to the pleasure of the prescribed authority, members shall hold office for a term of three years unless in the meanwhile the Committee is dissolved or has ceased to function. (2) Where the Committee of management is constituted under section 25, the members shall at the first meeting of the Committee, elect a Chairman from among themselves. (3) The State Government may nominate the Executive Officer as Ex-officio Secretary of the Committee of Management in respect of any notified institution or institutions, without voting rights. (4) Notwithstanding anything to the contrary contained in sub-sections (1), (2) and (3) above, where any Charitable Institution or Hindu Religious Institution was, immediately before it is included in the list of notified institution under section 23, managed by the founder of such institution or any member of his family, such founder and in his absence any member of his family shall, unless he is otherwise disqualified under section 25, be nominated as chairman of the Committee of Management of such Notified Institution.

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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.....

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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.....

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Vice-presidents Pension Act, 1997 Section 2

Title: Pension to Retiring Vice-presidents

State: Central

Year: 1997

.....this section.]________________________ 1. Substituted for "six thousand two hundred and fifty rupees" by the The vice-President's Pension (Amdt) Act,1999 w.e.f. 28-05-1997 2. Inserted by the Vice-President Pension (Amdt) Act, 2002 w.e.f. 23-05-2002. 3. Substituted by the The vice-President's Pension (Amdt) Act, 1999w.e.f. 30-12-1999. Prior to substitution it reads as under : "(a) to the use of such furnished residence (including itsmaintenance), without payment of rent, as a Union Deputy Minister is entitled to during his tenure of office under the provisions of the Salaries andAllowances of Ministers Act, 1952(58 of 1952);" 4. Substituted by the The vice-President's Pension (Amdt) Act, 1999w.e.f. 30-12-1999. Prior to substitution read as under : "to travel anywhere in India, accompanied by his spouse, by the executive class byair, and the highest class by rail." 5. Inserted by the The vice-President's Pension (Amdt) Act, 1999w.e.f. 30-12-1999. 6. Substituted for "1 [twenty thousand rupees]" by the The vice-President's Pension (Amdt) Act, 2008 wef 01.01.2006 7. Substituted for " to secretarial staff; and office expenses not exceeding rupees six thousand per.....

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Karnataka Souharda Sahakari Act, 1997 Chapter X

Title: Co--operative Principles

State: Karnataka

Year: 1997

.....the Co--operative possibly by setting up reserves part of which atleast would be indivisible, benefitting members in proportion to their transactions with the Co--operative, and supporting other activities approved by the membership. (4) Co--operatives are autonomous, self--help organisations controlled by their members. If they enter into agreements with other organisations including Government or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their Co--operative autonomy. (5) Co--operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their Co--operatives. They inform the general public particularly young people and leaders about the nature and benefits of co--operation. (6) Co--operatives serve their members most effectively and strengthen the Co--operative movement by working together through local, regional, national and international structures. (7) While focusing on member needs, Co--operatives work for the sustainable development of their communities through policies accepted by.....

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