103. Gross negligence.

{
    "act_title": "The Assam Co-operative Societies Rules, 1953",
    "act_slug": "the-assam-co-operative-societies-rules-1953-1953",
    "section_label": "Section",
    "section": {
        "number": "103",
        "title": "103. Gross negligence.",
        "chapter": null,
        "content": "(i) investment, custody and employment of funds contrary to the provisions of the Act, Riles or bye-laws or any written direction of the Registrar given in accordance therewith ;\n(ii) failure to remedy audit defects and irregularities in time when directed by the Register under Section 59 ; and\n(iii) failure to file disputes against defaulters and to execute any decree or award within the period of limitation.\n104.\nSchedule\n[Rule 5(1)]\nForm of application for the registration of a co-operative society with limited/unlimited liability under Section 11 of the Assam Co-operative Societies Act, 1949 (Assam Act I of 1950)\nForm of application for the registration of a co-operative society with limited/unlimited liability under Section 11 of the Assam Co-operative Societies Act, 1949 (Assam Act I of 1950)\nDated...........the........19........",
        "footnote": "",
        "is_definition": false,
        "sort_order": 102
    },
    "prev_section": "102",
    "next_section": "1"
}