G.O. (D) No. 154, Appointment of Managing Directors in Employees Co-operative Credit Societies, 2020
The Government of Tamil Nadu, Co-operation, Food and Consumer Protection Department, issued G.O. (D) No. 154 on 6 November 2020, authorising specified co-operative society officials to appoint Managing Directors in qualifying Employees Co-operative Credit Societies. The authority applies within each official's jurisdiction for one year from 9 November 2020 and does not govern land ownership or property transactions.
What the notification does
G.O. (D) No. 154 of the Co-operation, Food and Consumer Protection Department authorises the Additional Registrar of Co-operative Societies, Chennai Region, and the Regional Joint Registrars of Co-operative Societies to exercise specified government powers under the Tamil Nadu Co-operative Societies Act, 1983.
The authorised officials may appoint Managing Directors to eligible Employees Co-operative Credit Societies within their respective jurisdictions. The authority is given for one year from 9 November 2020.
Societies covered
G.O. (D) No. 154 does not apply to every co-operative society. An Employees Co-operative Credit Society must meet both of these financial conditions:
- It must have an annual turnover of not less than rupees five crores.
- It must have continuously made a profit for not less than three years, based on audited accounts.
The notification therefore relies on the society's audited financial results when determining whether it qualifies.
Appointment conditions
G.O. (D) No. 154 sets the following limits on the appointment power:
- The appointment must be to the position of Managing Director in an eligible Employees Co-operative Credit Society.
- The person appointed must be in a cadre not higher than that of Co-operative Sub-Registrar in the Co-operative Department.
- The Additional Registrar of Co-operative Societies, Chennai Region, and each Regional Joint Registrar may act only within their respective jurisdiction.
- The delegated authority runs for one year from 9 November 2020.
Who is affected
G.O. (D) No. 154 directly affects qualifying Employees Co-operative Credit Societies, the authorised registration officials and persons considered for appointment as Managing Director. Society officers and members may need to check audited accounts to confirm that the turnover and continuous profit requirements are met.
Property buyers and landowners are not directly affected in their capacity as owners or purchasers. The notification concerns management appointments in Employees Co-operative Credit Societies and contains no provisions changing land classification, ownership, registration, stamp duty or development rights.
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Common questions
Does G.O. (D) No. 154 affect my land title or property registration?
No. G.O. (D) No. 154 concerns the appointment of Managing Directors in qualifying Employees Co-operative Credit Societies and does not contain provisions about land title or property registration.
Which co-operative societies qualify under the notification?
An Employees Co-operative Credit Society must have annual turnover of at least rupees five crores and must have made a continuous profit for at least three years according to audited accounts.
Who can appoint the Managing Director?
The Additional Registrar of Co-operative Societies, Chennai Region, and the Regional Joint Registrars of Co-operative Societies may make appointments within their respective jurisdictions.
How long does the appointment authority apply?
The authority granted by G.O. (D) No. 154 applies for one year from 9 November 2020.
