The Punjab Co-operative Sugar Mills (Further Extension of Tenure of Boards) Act, 1959

1959:Pb Act 27] THE PUNJAB CO-OPERATIVE
SUGAR MILLS (FURTHER EXTENSION OF TENURE

OF BOARDS) ACT, 1959

713

1THE PUNJAB CO-OPERATIVE SUGAR
MILLS (FURTHER EXTENSION OF
TENURE OF BOARDS) ACT, 1959.

PUNJAB ACT NO. 27 OF 1959.
[Received the assent of the Governor of Punjad

on the 17th July,1959, and was first published for
general information in the Punjab Government Gazette
(Extraordin.ry) dated the 20th July, 1959]
An Act to extend further the tenure of office of the

first Board of Directors nominated by the Stare
Government in Punjab Co-operative Sugar Mills in
which the State Government has a financial

interest.

BE it enacted by the Legisalture of the State of
Punjab in the tenth year of the Republic of India
as follows-

1 (1) This Act may be called the Punjab Co-
operative Sugar Mills (Futher Extension of Tenure
of Boards) Act, 1959.

(2) It extends to the whole of the State
Punjab.

of

(3) It shall come into force at once.
2. (I) Notwithstanding anything to the

contrary contained in the Punjab Co-operative
Societies Act, 1954 (Punjab Act XIV of 1955).
or the rules made thereunder or the by-laws
made by any Co-operative Sugar Mills inwhich the State Government has a financial interest,
the tenure of the first Board of Directors of such
Co-operative Sugar Mills, nominated by the State
Govenment, shall be four years from the date of thefirst constitution of the Board.

(2) All acts done by the first Board of Direc-
tors of any Co-operative Sugar Mills whose tenure
of office would have expired by the lapse of Punjab
Co-operative Sugar Mills (Tenure of Board) Ordin-
ance, 1958 (Punjab Ordinance No. 2 of 1958), shanr
be deemed to be valid.

1For Statement of Objects and Reasons, see Punjab Government Gazette

(Extraordinary), 1959, page 174.

Short title
extent and
commence-

ment.

Tenure of

the first
Board

Directors
certain

of

of

Co-operatives
Sugar-Mills
to be four
years.