Sri Lanka Consolidated Acts

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Co-operative Societies (Amendment) Act (No. 32 of 1983) - Sect 5

Amendment of section 44 of the principal enactment. [ 5, 32 of 1983]

5. Section 44 of the principal enactment is hereby amended as follows:-
(i) by the repeal of subsection (4) thereof, and the substitution therefor, of the following subsection:-
"(4) The Registrar or any person authorized by general or special order in writing in that behalf by the Registrar, shall at all times have access to and be entitled to examine all books, documents, accounts and papers, securities and cash in hand of a registered society and every person in charge of or maintaining or having possession of the aforesaid shall produce them to the Registrar or such authorized person or furnish such information in regard to the transactions and working of the society as the Registrar or the authorized person making such inspection or audit may require. ";
(ii) in subsection (6) -
(a) in paragraph (a) thereof, by the substitution for the words " or the rules made under this Law", of the words, " or the rules made under this Law or any other law, rules or regulations relating to Co-operative Societies or financial procedure approved by the Registrar or any general directions issued by the Registrar or the Co-operative Employees' Commission,";
(b) by the repeal of paragraph (c) thereof, and the substitution therefor, of the following paragraph:"
" (c) the provisions of section 66 (2) shall apply, mutatis mutandis, in a case where the decision made by the Registrar, is not complied with "; and
(c) by the repeal of paragraph (d) thereof.


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