Inspection of books of society

Corporate1960195 sections

Statutory text

(1) The Registrar may, of his own motion or on receipt of an application of a creditor of a society, inspect the books of the society or authorise any person, who is authorised by him in this behalf by a general or special order in writing, to inspect the books of the society: Provided that no such inspection shall be made on the application of a creditor unless the applicant: (a) satisfies the Registrar that the debt is a sum then due, and that he has demanded payment thereof and has not received satisfaction within a reasonable time; and (b) deposits with the Registrar such sum as security for the costs of the proposed inspection as the Registrar may require. (2) The Registrar shall communicate the results of any such inspection: (a) where the inspection is made of his own motion, to the society; and (b) where the inspection is made on the application of a creditor, to that creditor and to the society.

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