Sri Lanka Consolidated Acts

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Co-operative Societies (Amendment) Act (No. 11 of 1992) - Sect 20

Replacement of section 46 of the principal enactment

20. Section 46 of the principal enactment is hereby repealed and the following section is substituted therefor: "
46.
(1) The Register may of his own motion and shall on the application of a majority of the committee or of not less than one-third of the members of a registered society hold an inquiry or inspection or direct some person authorized by him by orders in writing in that behalf to hold an inquiry into the constitution, working, and financial condition, or an inspection into the books of the registered society.
(2) For the purposes of an inquiry under subsection (]), the Registrar or any person authorized by him to hold an inquiry or inspection shall have the power,"
(a) to summon any past or present officer, agent, servant or member of the society or any other person who, in the opinion of the Registrar or the person authorized by him to inquire or inspect, can give material information about any transactions of the society or the management of its affairs.
(b) to require the production of any book or document relating to the affairs of the society, or any cash, security, or other property belonging to the society, by any past or present officer, agent, servant or member of the society or other person. . possession of or having the custody; of such book, document, cash security or other property.
(c) to summon a general meeting at the members of the society at such time and place as may be specified by him to determine such matters a* may be directed by him ; and
(d) to take into his custody books of accounts, or documents of the society where he has reason to believe that there is a fraud or irregularity, in the course of such inquiry or inspection.
(3) The Registrar and every person authorized by him to hold an inquiry or inspection under this section shall be deemed to be public servants within the meaning of the Penal Code.".


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