section 140
Recovery of sums due to Administration
The Dadra and Nagar Haveli and Daman and Diu Co-Operative Societies Regulation, 2024Corporate2024155 sections12 chapters
Chapter XII INSURED CO-OPERATIVE BANK
Statutory text
- (1) Unless otherwise provided by this Regulation, all sums due from a society or from an officer or member or previous member or a deceased member of a society, to the Administration, may be recovered as arrears of land revenue.
- (2) The sums due from a society to the Administration and recoverable under sub-section (1) may be recovered—
- (i) from the property of the society;
- (ii) in the case of a society of which the liability of the members is limited, from the members or past members or from their estate if they have died, subject to the limit of their liability;
- (iii) in the case of societies with unlimited liability, from the members or past members or their estate, if they have died.
- (3) The liability under this section shall in all cases be subject to the provisions of section 38.
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