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Bare acts > Maharashtra Co-operative Societies Act, 1960 > Section 19
 
  


 

19. Reconstruction of societies.- Where a proposal for a compromise or arrangement-

(a) between a society and its creditors, or

(b) between a society and its members, is approved at a special general meeting called for the purpose, the Registrar may on the application of the society or of any member or of any creditor of the society, or in the case of a society which is being wound up, of the liquidator, order reconstruction in the prescribed manner, of the society.

 

 

 

 

 

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