Sri Lanka Consolidated Acts

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Co-operative Societies (Amendment) Act (No. 32 of 1983) - Sect 7

Amendment of section 47 of the principal enactment. [ 7, 32 of 1983]

7. Section 47 of the principal enactment is hereby amended by the addition immediately after subsection (7) thereof, of the following new subsection :"
" (8) For the purpose of an inspection or investigation under the provisions of this section, the Registrar or any person authorized by him to hold an inspection or investigation, shall have the power"
(a) to summon any past or present officer, agent, servant or member of a society or any other person who in the opinion of the Registrar or the person authorized by him, to inquire, can give material information about any transaction of the society or management of its affairs;
(b) to require the production of any book or document relating to the affairs of the society by any past or present officer, agent, servant or member of the society or other person in possession of or having the custody of such book, document, cash, security or other property;
(c) to summon a general meeting of the members of the society at such time and place as may be specified by him, to determine such matters as may be directed by him; and
(d) to take into custody books of accounts or the documents of the society where he has reason to believe that there is a fraud, or irregularity in the course of such inspection or investigation.".


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