section 69
Revision
The Andaman and Nicobar Islands Cooperative Socities Regulation 1973Chapter XI APPEALS AND REVISION
The Chief Commissioner may, either suo-moto or on an application, call for and examine the records of any proceedings in which no appeal lies to the Chief Commissioner under section 63 for the purpose of satisfying himself as to the legality or propriety of any decision, award or order made and if in any case it shall appear to the Chief Commissioner that any such decision, award or order should be modified, annulled or revised, the Chief Commissioner may, after giving the party to be affected thereby an opportunity of being heard, pass such order thereon as he may deem fit. After discharging the liabilities of the co-operative society and repayment of share capital, the liquidator may, utilize the surplus assets, if any, for one or more of the following purposes namely: (a) Deposit the amount in a co-operative bank until a new co-operative society with similar area of operation and objects are registered when it shall be credited to the reserve fund of the new co-operative society. (b) any purpose connected with development of co-operative movement, subject to the approval of Registrar; (c) an object of public utility selected with due regard to the wishes of the members and approved by the Registrar.
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