Compulsory amalgamation

(1) Where the Registrar is satisfied that it is essential or desirable in the interest of the co-operative society or co-operative societies that (i) one or more co-operative societies, be amalgamated with any other co-operative society; or (ii) two or more co-operative societies be amalgamated to form a new cooperative society, then notwithstanding anything contained in section 13, the Registrar, may, by order, after consulting the financing institution, if any, provide for the amalgamation of the said society or societies,– (a) with any other co-operative society, or (b) to form new co-operative society, with such constitution, property, rights, interests, liabilities, duties and obligations, as may be specified in the order. (2) No order shall be made under this section, unless –