Action on special audit or inquiry report –On communication of a

special audit report under sub-section (5) of section 28 or an inquiry report under sub-section (5) of section 29, to the persons, concerned, the Registrar may, where the special audit or inquiry report reveals mismanagements on the part of any or all of the office bearers or Directors, without prejudice to any civil or criminal proceedings to which they may be liable,-

1. (a) direct the Board to convene a General Body meeting within such reasonable time as he may specify, to enable him to the notice of the General Body, either directly or through his nominee, the findings of the special audit or inquiry report, for necessary action; or
2. (b) approach the Co-operative Tribunals for necessary action.