PANAJI
Apologising for regulatory lapses, the Tirumalla Tirupati Multi-state Co-operative Credit Society Ltd has approached the Registrar of Co-operative Societies (RCS), seeking withdrawal of the show-cause notice issued to it and revocation of the suspension of its No Objection Certificate (NOC) to operate in Goa.
In a letter dated February 4, 2026, addressed to the Registrar, Panaji branch representative Diptesh Sawant submitted documents sought by the authorities for inspection, including the society’s audited financial statements. In the representation, Sawant acknowledged failures in complying with statutory requirements and apologised for not furnishing documents within the stipulated timeframe.
“I sincerely apologise for the non-submission of the required documents. We failed to produce the same on the requested date,” the letter stated, while urging the Registrar to withdraw the show-cause notice and revoke the suspension of the NOC issued under Section 123 of the Goa Co-operative Societies Act, 2001.
The society attributed the lapses to procedural shortcomings and assured the authorities that such omissions would not recur. “I assure that no such negligence from our end will happen in the future, and submission of necessary documents will be done on a priority basis as and when required,” Sawant said, requesting that the documents now submitted be accepted for inspection and verification.
Registrar of Co-operative Societies Ashutosh Apte said the representation would be examined in accordance with the provisions of the Co-operative Societies Act and applicable rules, and a decision would be taken after due scrutiny of the documents.
The development follows a meeting between representatives of the credit society and Chief Minister Pramod Sawant on Wednesday evening, during which the Chief Minister directed them to submit all documents sought by the authorities. The Chief Minister noted that despite repeated show-cause notices, the society had failed to respond or submit the required documentation.
The State government had earlier withdrawn the NOC granted to the credit society following an inspection that reportedly revealed persistent non-compliance with statutory and regulatory requirements. These included failure to submit mandatory audited financial statements, lack of cooperation during statutory inspection and verification, violation of conditions under which the NOC was granted, and non-response to notices issued by the Registrar despite due service.
