section 42
Winding up order
The Bihar Cooperative Societies Act, 1935Corporate1935136 sections12 chapters
Chapter VI Chapter VI
Statutory text
Winding up order. – The Registrar may, by notification, order a registered society to be wound up if –
- (a) after an inquiry has been held under section 35 or an inspection made under section 34, section 36 or section 37, or on receipt of an application made three-fourth of the members of the society, or of his own motion, in the case of a society that has not commenced working or has ceased working, he is of opinion that the society ought to be dissolved, or
- (b) It is a condition of the registration of the society that it should consist of at least ten members who have attained the age of eighteen years, and it is proved to the satisfaction of the registrar that the number of members has been reduced to less than ten.
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