CO-OPERATIVE BOARD (DISSOLUTION) ACT, 1966
(W.P. Act II of 1966)
1. Short title,
commencement and extent.
3. Dissolution of the
4. Appointment of
5. Term of office of
6. Duties, etc. of
6-A. Administrator to be a
8. Accounts and audit.
etc., to be public servant.
10. Protection of action
taken under this Act.
11. Power to make rules.
12. Power to frame
CO-OPERATIVE BOARD (DISSOLUTION) ACT, 1966
(W.P. Act II of 1966)
An Act to provide for the dissolution of
Preamble.— WHEREAS it is
expedient to provide for the dissolution of the West Pakistan Co-operative
Board, and for matters ancillary thereto;
It is hereby enacted as follows:-
1. Short title, commencement and extent.—
(1) This Act may be called the West Pakistan Co-operative Board
(Dissolution) Act, 1966.
(2) It shall come into force at once.
(3) It shall extend to the whole of the
of West Pakistan except the
2. Definitions.— In this Act, unless
the context otherwise requires, the following expressions shall have the
meanings hereby respectively assigned to them, that is to say—
(a) “Administrator” means the
Administrator appointed under section 4;
(b) “Board” means the West
Pakistan Co-operative Board established under section 3 of the West Pakistan
Co-operative Board Ordinance, 1962 (W.P. Ordinance XIV of 1962);
(c) “Co-operative Development
Fund” means the Fund established under section 7;
(d) “Government” means the
Government of the Punjab]; and
(e) “Project” means a project
which was sponsored, managed, promoted or organized by the Board and is
notified by Government as a project for the purposes of this Act.
3. Dissolution of the Board.—
Immediately on the coming into force of this Act the Board shall stand
dissolved and the Chairman and the other members of the Board shall vacate
Appointment of Administrator.—
(1) Government shall appoint an Administrator, by name or in virtue of his
office, for the purpose of—
(i) winding up the affairs of
(ii) administering such
projects promoted, sponsored, organized or managed by the Board immediately
before its dissolution as may be approved by Government;
(iii) completing, in such
manner as may be directed by Government, such schemes or projects undertaken
by the Board; and
(iv) performing the other
duties and functions of an Administrator under this Act.
(2) All properties, funds and dues
which, immediately before the dissolution of the Board, were vested in or
were realizable by the Board, shall vest in and be realizable by the
Administrator, and all liabilities which, immediately before the dissolution
of the Board, were enforceable against the Board, shall be assumed by, and
be enforceable against the Administrator.
5. Term of office of Administrator.—
The Administrator shall hold office for such period as the Government may
prescribe and the terms and conditions of his service shall be governed by
Civil Service Rules.
6. Duties, etc. of Administrator.—
(1) The duties, functions and powers of the Administrator shall be—
(a) to carry on such of the business of the Board as
may be necessary for the proper winding up of the affairs of the Board;
(b) to recover, arrange to
recover or to collect and realize the assets of the Board, including
advances and loans made to any Co-operative Society or person, investments
in the shares of a co-operative society made, or investments in a
co-operative project undertaken by the Board;
obtain, with the approval of Government, loans necessary for the purpose of
(c) to pay or arrange to
pay the liabilities of the Board;
(d) to settle all
outstanding claims against the Board;
(e) to administer the
Co-operative Development Fund in accordance with any regulations framed
under section 12;
(f) to administer,
execute and complete projects until their transfer to Co-operative Societies
to such person or corporate body as may be approved by Government];
(g) to incur all necessary
expenditure for the purpose of—
(i) the proper
functioning or completion of the various projects to be administered
executed or completed by the Administrator; or
(ii) the winding up
of the affairs of the Board; or
(iii) payment of
salaries, allowances, etc., of the employees working in the projects to be
administered, executed or completed by the Administrator; or
(iv) the due
performance of any of the duties of the Administrator under this Act or the
rules framed under section 11;
(h) to appoint, transfer,
suspend, punish, remove or dismiss, in accordance with the rules framed
under section 11, the employees working in the projects or required for the
winding up of the affairs of the Board.
(2) The Administrator shall exercise
his powers and perform his duties and functions under this Act subject to
the general control and directions of Government.
Administrator to be a local authority.— The
Administrator shall be deemed to be a local authority under the Local
Authorities Loans Act, 1914, for the purposes of borrowing money and the
administration, execution or completion of any project under this Act shall
be deemed to be a work which such authority is legally authorised to carry
7. Co-operative Development Fund.—
(1) A fund shall be established to be known as “the Co-operative Development
Fund” which shall vest in the Administrator.
(2) The Co-operative Development Fund
shall consist of—
(a) all moneys
standing to the credit of the “Board’s Fund” constituted under the West
Pakistan Co-operative Board Ordinance, 1962 (West Pakistan Ordinance XIV of
1962) at the time of the dissolution of the Board;
obtained under clause (bb) of sub-section (1) of section 6; and]
[(c)] all other
sums received by the Administrator.
(3) The Fund shall be utilized by the
Administrator, subject to the general control and supervision of Government,
(a) satisfying the
liabilities of the Board; and
(b) meeting charges of the
Administrator in connection with his functions under this Act, and specially
the expenditure referred to in clause (g) of sub-section (1) of
(4) Financial assistance to
co-operative societies may be provided out of the Co-operative Development
Fund by strengthening their share capital, by granting loans to them at a
low rate of interest, or by giving them grants-in-aids or subsidies for the
benefit of the societies and their constituents or the promotion and
advancement of the co-operative movement.
8. Accounts and audit.— (1) The
Administrator shall maintain proper accounts and other relevant records and
prepare an annual statement of accounts, in accordance with such general
directions as may be issued, and in such forms as may be specified by
(2) The accounts of the Administrator
shall be audited by an auditor to be appointed for the purpose by the
The Administrator shall produce all accounts, books and documents, and
furnish such explanation and information as the auditor appointed under this
section may require for the purposes of audit.
(4) The auditor shall report to
Government upon the annual balance-sheet and accounts of the Administrator
and in his report shall state whether in his opinion the balance-sheet is a
full and fair balance-sheet containing all necessary particulars and
properly drawn up, and in case he has called for any explanation or
information from the Administrator, whether it has been given and whether it
(5) Government may, at any time, issue
directions to the auditor requiring him to report upon the administration of
the Co-operative Development Fund and may at any time enlarge or extend the
scope of audit and direct that a different procedure in audit be adopted or
that any other examination be made by the auditor, if in his opinion, the
public interest so requires.
(6) Government may issue directions to
the Administrator for the rectification of matters objected to in audit, and
the Administrator shall comply with every such direction.
(7) The Administrator shall, within one
month of the closing of the financial year, submit to Government, a report
about the affairs of the projects in the charge and under the control of the
Administrator, and the progress made in the winding up of the affairs of the
Board, during the financial year.
(8) Government may require the
Administrator to furnish it with—
(a) any return, statement,
estimate, statistics or other information regarding any matter under the
control of the Administrator; or
(b) a copy of any document
in the charge of the Administrator;
and the Administrator shall comply with every
Administrator, etc., to be public servant.—
The Administrator and every employee of the Administrator shall be deemed to
be a public servant within the meaning of section 21 of the Pakistan Penal
10. Protection of action taken under
this Act.— No suit, prosecution or other legal proceedings shall be
instituted against Government, the Administrator, or any other person for
anything which is in good faith done or intended to be done under this Act
or the rules framed thereunder.
11. Power to make rules.— Government
may make rules to give effect to the provisions of this Act.
Power to frame regulations.—
Government may frame regulations for the administration of the Co-operative
13. Repeal.— (1) The West Pakistan
Co-operative Board Ordinance, 1962 (West Pakistan Ordinance XIV of 1962),
hereafter referred to as the said Ordinance, is hereby repealed.
(2) Notwithstanding the repeal of the
said Ordinance, everything done, action taken, obligation or liability
incurred, contract entered into, officer appointed or person authorised and
order issued under any of the provisions of the said Ordinance shall, if not
inconsistent with the provisions of this Act, continue in force and, so far
as may be, be deemed to have been respectively done, taken, incurred,
entered into, appointed, authorised or issued under this Act.