Maharashtra coop society act, byelaws, rules releted

ram (Querist) 03 August 2015 This query is : Resolved
former chs secretary has given loan over Rs.20 lacs to another society without any resolution, general body ok or any approval whatsoever. Not even intimated any member or his own committee. Also not cooperating by sharing details of loan, agreement, terms of repayment, interest etc. All members in dark. Now new committee and office bearers elected thanks to govt. intervention. Can new office bearer issue notice to former secretary asking for details else under which section file criminal process

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Hemant Agarwal (Expert) 04 August 2015
File Criminal case under section 418 (cheating) of IPC.

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Rajendra K Goyal (Expert) 04 August 2015
If the borrowing society / secretary does not make good the amount in given time, lodge FIR and or File case for recovery.

Dr J C Vashista (Expert) 05 August 2015
How can a CHS advance loan to any member? Is it allowed in the Bye-laws adopted by CHS or MCS Act/Rules? Answer is NO.
Lodge a police complaint against the persons involved.
Consult and engage a local prudent lawyer.

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