Explanation

 (Section 44-C - Power to Remove Officer):

- If, in the opinion of the Registrar, an officer of a society:

  - Has acted against the interest of society, or

  - Is negligent, corrupt, or incompetent,  

- The Registrar may remove such officer after allowing them to be heard.

Explanation

According to Rule 54 of the Cooperative Societies Rules, 1927:  

> “Investment of Funds.”  

> A society may, with the previous sanction of the Registrar, invest its funds or any portion thereof in the purchase or lease of land or buildings or in the construction of buildings required for the conduct of its business.

Explanation

Distribution of profits is regulated under Section 40 of the Cooperative Societies Act, 1925.

Restriction on distribution of profits.–

• Subject to the provisions of section 38, the balance of the profits of a society after making the prescribed provisions for the reserve fund may,
• Together with any available profits of past years, be distributed among its members,
• And in the case of consumers’ and producers’ societies, also among persons who are not members,
• To the extent and under the conditions prescribed by the rules or by the by-laws of such societies

Explanation

37. Execution of arbitration orders in special cases.

Subject to the provisions of Section 59 of the Act, the Registrar may, by an order in writing, specially authorize any officer of the Co-operative Department not below the rank of Sub-Auditor or a Supervisor of a supervising union to call for and send arbitration orders obtained by any society for execution.

The societies in respect of which those powers are to be exercised by the Officers so authorised shall be mentioned in the order.

Explanation

 52. Power and duties of the committee. (1) The business of every registered society shall be managed by the committee subject to the provisions of the Act and these rules and subject to such by-laws,

Not being inconsistent with the Act or these rules as have been passed in a general meeting

And registered under the Act; but no by-law registered under the Act shall invalidate any prior act of the committee

Which would have been valid if that by-law had not been made registered.