(a) intentionally, whether individually or as an assenting member of any managing or other controlling body, made or authorised any payment or granted any loan which is contrary to the provisions of this Act or to the rules or bye-laws or failed to take timely steps to recover any loan at the due date or if it was being improperly utilised; or
(b) was grossly negligent in respect of any loss or deficiency; or
(c) failed to bring account any sum which ought to have been brought into account; or
(d) misappropriated or fraudulently retained any property of the society; or
(e) committed breach of trust in relating to the society;
Chapter XIII
Penalty
Section 71 • The Assam Co-operative Societies Act, 1949
71. Charge and Surcharge.
the-assam-co-operative-societies-act-1949-sec-71.json
•
Section 71
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"number": "71",
"title": "71. Charge and Surcharge.",
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"content": "(a) intentionally, whether individually or as an assenting member of any managing or other controlling body, made or authorised any payment or granted any loan which is contrary to the provisions of this Act or to the rules or bye-laws or failed to take timely steps to recover any loan at the due date or if it was being improperly utilised; or\n(b) was grossly negligent in respect of any loss or deficiency; or\n(c) failed to bring account any sum which ought to have been brought into account; or\n(d) misappropriated or fraudulently retained any property of the society; or\n(e) committed breach of trust in relating to the society;\nChapter XIII\nPenalty",
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