RAMAPRASADA RAO, C.J. :- This writ petition is filed by the President of the Peddanaickenpalayam Co-operative Agricultural Bank Ltd. After enumerating the various powers enjoyed by the Bank under the provisions of the Tamil Nadu Co-operative Societies Act, reference is made to the fact that the management and administration of the third respondent (Salem Cooperative Central Bank), of whom the petitioner is one of the share-holder members, vests in the general body of its members, and that the general body is empowered to constitute a Committee for the purpose of entrusting the management of the affairs of the Society to such nominees of theirs. As the Society has been registered under the provisions of the Tamil Nadu Co-operative Societies Act, it is a body corporate with power to hold property and do all things necessary for the purpose for which it was constituted. Reference is made to the general powers vested under Chapter VIII of the Act, in the Government in and by which the Government is enabled to issue directions to the Registrar to make an enquiry or to take appropriate proceedings under the Act, if, on audit or enquiry conducted by it, any acts of misfeasance an