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State of Mizoram - Section

Section 106 in Mizoram Cooperative Societies Act, 2006

106. Recovery of dues to co-operatives as arrears of land revenue.

(1)The Registrar based an application made by co-operative far recovery of arrears of any sum advanced by it to any of its members or any co-operative, including co-operative bank, credit co-operative and salary earners co-operative, far the recovery of arrears of its dues as the state government may notify in the official gazette, may after making such inquiry as deemed fit, grant a certificate far recovery of the amount stated therein to be due as arrears of land revenue.
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(15)failure to comply with the provisions of law by employer, directors of co-operative or any other authority;
(16)acquirement or abatement in the acquisition of property on which the possession change.
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(18)failure to produce cash balance on demand by board or officers or members or any other authorized person of the co-operative;
(19)failure to make available the records for audit, inquiry, inspection by the board or officers or employees of the co-operative;
(18)failure to deduct amount from salary of employees for the purpose of meeting claims of the co-operative;
(20)failure to pay the amount specified under clause (19), deducted within specified period to the co-operative;
(21)failure to communicate decision on the application for admission of members;
(22)failure to transfer the interest on the death of members to nominees, legal heirs or representatives;
(23)failure to call special general meeting within the specified time period provided under law;
(24)division or distribution of funds (other than net profit) belonging to the co-operative in the form of bonus or dividend contrary to the provisions of law;
(25)failure to make investment of funds belonging to co-operative as per law or as provided under law;
(26)giving loans to non-members and other co-operatives without the approval of Registrar:
(27)violation of restrictions imposed on borrowings by co-operative;
(28)failure to create contributory provident fund for the benefit of employees;
(29)grant of admission to members who are disqualified or cased to be members under law and allowing them to exercise their rights and privileges;
(30)exercise of rights of members contrary to the provisions flaw;
(31)grant of lease of mortgaged property contrary to the provisions of law; the exercise of right to vote by persons who are ineligible to vote;
(32)offences committed by companies are to be deemed as offences committed by the persons in-charge of company, or persons responsible to conduct the business of the company for the commission of offences mentioned above.