PUNJAB GOVT. GAZ. (EXTRA), JULY 15, 2021 (ASAR 24, 1943 SAKA)
2893
EXTRAORDINARY
Published by Authority
CHANDIGARH, THURSDAY, JULY 15, 2021 (ASADHA 24, 1943 SAKA)
( 2893 )
GOVERNMENT OF PUNJAB
DEPARTMENT OF CO-OPERATION
OFFICE OF REGISTRAR, CO-OPERATIVE SOCIETIES PUNJAB
(EDUCATION AND TRAINING BRANCH)
NOTIFICATION
The 15th July , 2021
No. RCS/EDU&TRG/EI/6400.-Where as the Governor of Punjab is satisfied that it is necessary to
exempt the Central Co-operative Bank, Faridkot, Punjab, 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 Central Co-operative Bank, Faridkot, Punjab.
2.0
The Board of the Central Co-operative Bank, Faridkot, Punjab was suspended by the Joint Registrar
Co-operative Societies, Firozpur division, vide letter no SA/JRF/685-87 dated 11.2.2020 and Deputy Registrar
Co-operative Societies, Faridkot was appointed as administrator in the Bank. Term of Administrartor was not
clearly mentioned in the order. In the absence of concerned authority, daily routine works like work related
cash credit limits from NABARD, approval of resolutions, administrative works etc are suffering. Currently,
the merger of all Central Co-operative Banks of Punjab into Punjab State Co-operative Bank, Chandigarh is
under process. In order to carry out day to day affairs of the society, it is neccesary to constitute one such
ad-hoc working committee till the merger process is complete and fresh elections are conducted.
3.0
Now, therefore, in excercise of the powers conferred by section 77 of the Punjab State Co-operative
Societies Act, 1961 (Punjab Act No. 25 of 1961), the Governor of Punjab is pleased to exempt the Central
Co-operative Bank, Faridkot, Punjab, 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 ad-hoc working
committee consisting four members in the Central Co-operative Bank, Faridkot, Punjab, to carry out day to
day affairs of the society till the merger process is complete and fresh elections are conducted.