Sri Lanka Consolidated Acts

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Co-operative Societies (Amendment) Act (No. 32 of 1983) - Sect 15

Insertion of new section 66A in the principal enactment.[ 15, 32 of 1983]

15. The following new section is hereby inserted immediately after section 66 of the principal enactment and shall have effect as section 66A of that enactment:"
66A. Where the Registrar is of opinion that it is necessary or expedient to do so for the purpose of ensuring efficient management of the affairs of a registered society or for the purpose of safeguarding any investments or advances in money or goods made to such registered society by the Government or any State bank or State corporation, he may, notwithstanding anything to the contrary in this Law or any other law or in the bylaws of such registered society, nominate such number of persons to be members of the Committee of such registered society as are in his opinion necessary or expedient for such purpose:


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