Inquiry

Corporate1960195 sections

Statutory text

(1) The Registrar may, of his own motion, and shall on the application of: (one) a society to which the society concerned is affiliated; or (two) a creditor, to whom the society is indebted; or (three) at least one-third of the members of the committee; or (four) at least one-tenth of the total number of members of the society; hold an inquiry or cause an inquiry to be held into the specific matters raised in the application regarding the constitution, working and financial condition of the society. (2) The Registrar shall order an inquiry only after receipt of such fee, as may be prescribed, as is considered sufficient for meeting the cost of conducting the inquiry. (3) Such inquiry shall be completed within a period of four months from the date of ordering the inquiry. (4) The Registrar shall, within a period of one month from the date of completion of the inquiry, communicate the report of the inquiry: (one) to the society concerned; (two) to the applicant or such person as has been nominated by the applicants for receiving such report; (three) to any member of the society; (four) to such federal society of which the society is a member; (five) to the creditor; upon payment of the prescribed fee by him.

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