Dissolution by Members

resolution, authorise its own dissolution Provided that a notice of the general meeting shall also be sent with an invitation to attend, to the Registrar, to any federation of which the Cooperative Society is affiliated, to creditors and to any organisation with which a partnership contract has been entered into. (2) lnvitees under the proviso of sub-section (1) shall have the right to make representation to the general body if they so wish to, giving reason why dissolution is not called for. (3) Within fifteen days of such authorization for dissolution, the Cooperative Society shall send to the Registrar a copy of the authorization to dissolve the Cooperative Society. (4) The authorization approved in pursuance of sub-lection (1) shall be required to set out the following namely (a) the assets and liabilities of the Cooperative Society; (b) the claims of creditors, and collaborators and protected share holders, (c) the number of members; (d) the nature and extent of the members interest in the Cooperative Society, and (e) the name of the liquidator, if appointed by the general body, or a request to the Registrar to appoint the liquidator or a request to the Registrar to issue a certificate of dissolution where there are no assets or liabilities. (5) Where the Registrar receives the special resolution passed in pursuance of sub-section (1) he shall cause at the expense of the Cooperative Society a notice of the special resolution to be published in the district where the registered office of the Cooperative Society is located. (6) The Registrar may require form the Cooperative Society, the liquidator appointed by the Cooperative Society or may other person who is required to furnish information, a periodical return showing. (a) the progress of dissolution; (b) the distribution of any undistributed surplus or reserve; and (c) any other relevant information the he may require.