ORDINANCE NO. 62 OF 2007

THE KERALA CO-OPERATIVE SOCIETIES

(AMENDMENT) ORDINANCE, 2007

Promulgated by the Governor of Kerala in the Fifty-eighth Year of the Republic of India.

AN

ORDINANCE

further to amend the Kerala Co-operative Societies Act, 1969.

          Preamble.—WHEREAS, the Legislative Assembly of the State of Kerala is not in session and the Governor of Kerala is satisfied that circumstances exist which render it necessary for him to take immediate action;

          NOW, THEREFORE, in exercise of the powers conferred by clause (1) of Article 213 of the Constitution of India, the Governor of Kerala is pleased to promulgate the following Ordinance:-

           1. Short title and commencement.—(1) This Ordinance may be called the Kerala Co-operative Societies (Amendment) Ordinance, 2007.

                 (2). It shall come into force at once.

          2. Act 21 of 1969 to be temporarily amended.—During the period of operation of this Ordinance, the Kerala Co-operative Societies Act, 1969 (21 of 1969) (hereinafter referred to as the principal Act), shall have effect subject to the amendments specified in sections 3 to 6.

           3. Amendment of section 2.—In section 2 of the principal Act,--

                   (1). for clause (ia), the following clause shall be substituted, namely:-

                  “(ia) “District Co-operative Bank” means a Central Society having jurisdiction over one revenue district and having as its members Primary Agricultural Credit Societies and the Urban Co-operative Banks and the principal object of which is to raise funds to be lent to its members, including nominal or associate members;”;

                  (2). after clause (oc), the following clause shall be inserted, namely:-

                 “(od) “Primary Co-operative Society” means a society having jurisdiction over a revenue district as a whole or over any specified area within such revenue district and having individual or individuals and other Co-operative Societies as its members;”;

                  (3). for clause (ta), the following clause shall be substituted, namely:-

                “(ta) “Urban Co-operative Bank” means a society registered under this Act having its area of operation in the Urban areas and which undertakes banking business with the licence obtained from Reserve Bank of India;”.

            4. Amendment of section 18.—In section 18 of the principal Act,--

                  (1). in sub-section (1), before the existing proviso, the following provisos shall be inserted, namely:-

                         “Provided that a District Co-operative Bank may admit any Co-operative Society registered under the provisions of this Act, other than Primary Agricultural Credit Societies and Urban Co-operative Banks functioning within its area of operation as nominal or associate member;

                          Provided further that the members of a District Co-operative Bank other than Primary Agricultural Credit Societies and Urban Co-operative Banks as on the date of commencement of the Kerala Co-operative Societies (Amendment) Ordinance, 2007 shall become nominal or associated members of such District Co-operative Banks at such commencement;”;

                  (2). after the provisos so inserted, in the existing proviso, after the word “provided” the word “also” shall be inserted.

             5. Amendment of section 63.—In section 63 of the principal Act, after sub-section (4), the following sub-sections shall be inserted, namely:-

               “(5) The Government shall prescribe the manner, in which audit is to be conducted by the Director of Co-operative Audit.

                (6) Notwithstanding anything contained in any other law for the time being in force, the Audit Certificate issued by the Director of Co-operative Audit or by any officer authorized by him shall be valid for all purposes required to be filed before the State Government and Non-Government Authorities.”.

            6. Amendment of section 70.—In section 70 of the principal Act, in sub-section (1), after the words “shall pass an award” the words “within one year” shall be inserted.

       R.L. BHATIA,

       GOVERNOR