Disposal of assets of a Co-operative under liquidation

After preparation of a statement of assets and liabilities by the liquidator under clause (b) of subsection (3) of section 49 with a view to realise optimum value for the assets of the Co-operative under liquidation, the liquidator may also invite the Federal Co-operative or other Co-operatives or Co-operative societies to purchase the assets of such Co-operative. (1) If any difficulty arises in giving effect to the amendments made by this Act, the State Government may, by order published in the official Gazette, make such provisions not inconsistent with the provisions of the Principal Act and the Constitution (Ninety seventh Amendment) Act, 2011 as appear to it to be necessary or expedient for removing the difficulty. Provided that no such order shall be made under this section after the expiry of two years from the date of commencement of this Act. (2) Every order made under this Section shall, as soon as may be, after it is made, be laid before the State Legislature.