|Home>>Bare Acts>>Back to Index|
82. Disposal of surplus assets.- The surplus assets, as shown in the report of a liquidator of a multi-State cooperative society which is wound up;
(a) may, if the bye-laws of the multi-State cooperative society specify the purpose for which surplus shall be utilised, be utilised by the Central Registrar for the said purpose, and
(b) if the bye-laws aforesaid do not specify the purpose, be divided by the Central Registrar, with the previous sanction of the Central Government, amongst the members of such multi-State cooperative society in such manner as may be prescribed.
Copy right : Indu Info (All rights reserved)