Amendment of section 123

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..... exceed one year , the following shall be substituted, namely: or has committed any act including fraud, misappropriation and the like which is prejudicial to the interests of the society or its members, or has omitted or failed to comply with any directions given to it under section 122 in public interest or that there is a stalemate in the constitution or functions of the board or the Co-operativ .....

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..... ty within the time limit or not extended necessary assistance as per the provisions of section 45. ; (ii) for the Explanation, the following Explanation shall be substituted, namely: Explanation. For the purposes of section 122 and this section, the expression specified multi-State co-operative society means any multi-State co-operative society where there is Government shareholding or loan or fin .....

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