PUNJAB GOVT. GAZ. (EXTRA), MAY 21, 2021 (VYSK 31, 1943 SAKA)
2557
EXTRAORDINARY
Published by Authority
CHANDIGARH, FRIDAY, MAY 21, 2021 (VAISAKHA 31, 1943 SAKA)
( 2557 )
GOVERNMENT OF PUNJAB
DEPARTMENT OF COOPERATION
OFFICE OF REGISTRAR, COOPERTIVE SOCIETIES PUNJAB
(EDUCATION AND TRAINING BRANCH)
NOTIFICATION
The 21st May, 2021
No. RCS/EDU&TRG/EI/5001.-Where as the Governor of Punjab is satisfied that it is necessary to
exempt the Punjab State Cooperative Development Federation Ltd. Chandigarh, from the proviso to sub clause
1-D of Sub-section 1 of Section 26 of the Punjab State Cooperative Societies Act,1961 for furthering the
objects specified in the bye-laws of the Punjab State Cooperative Development Federation Ltd. Chandigarh.
2.0
Term of Board of Directors of the Punjab State Cooperative Development Federation Ltd. Chandigarh
had expired on 02.09.2017. Due to the poor financial conditions of the Punjab State Cooperative Development
Federation Ltd. Chandigarh,it was desired that no election should be conducted. After this day to day working
committee was constituted in the Punjab State Cooperative Development Federation Ltd. Chandigarh which is
operational till day. In eyes of law this committee has no constitutional powers of its own. Therefore it is
neccesary to constitute one such working committee which is supported by statutory powers.
3.0
Now, therefore, in excercise of the powers conferred by section 77 of the Punjab State Cooperative
Societies Act,1961 (Punjab Act No. 25 of 1961), the Governor of Punjab is pleased to exempt the Punjab State
Cooperative Development Federation Ltd. Chandigarh, from the provisions of proviso to sub clause 1-D of
Sub-section 1 of Section 26 of the aforesaid act. This exemption is being granted for the appointment of
supervisory committee consisting four members in the Punjab State Cooperative Development Federation Ltd.
Chandigarh, for day to day work of the society.
3.0
Further to the above, Four member committee of Additional Registrar (Administration), Office of RCS
Punjab-Chairperson, Managing Director-the Punjab State Cooperative Development Federation Ltd. Chandigarh,