Sub-Section 4 of Section 166 inserted by the Maharashtra Cooperative Societies (Amendment) Act 2013:
“(4) Notwithstanding anything contained in this Act, as amended by the Maharashtra Co-operative Societies (Amendment) Act, 2013, but subject to the provisions of sub-section (15) of section 73CB, the committees of which the elections become due after the 31st March 2013, shall continue till the elections to such societies are held under the provisions of this Act as amended by the said Act.
Hopefully new State Government will attend the above unfinished agenda expeditiously i.e. before March 31 2015 so new cooperative year has a new Committee.
Click Here for the detailed, explanatory article from Indian Co-operative
This piece from Jeby Patel may also help – CURRENT LEGAL SCENARIO FOR ELECTION IN CO-OPERATIVE SOCIETIES AS PER 97TH CONSTITUTIONAL AMENDMENT ACT – ACC