Acts of co-operative societies etc, not to be invalidated by certain defects

Corporate2015128 sections

Statutory text

(1) No act of a registered co-operative society or of a Managing or Controlling Body or at any officer or liquidator done in good faith in pursuance of the business of the co-operative society shall be deemed to be invalid by reason only of some defect subsequently discovered in the organization of the co-operative society or in the constitution of any such body or in the appointment or selection of the officer or liquidator or on the ground that such officer or liquidator was disqualified from appointment.
(2) No act done in good faith by any person appointed under this Act shall be invalid merely by reason of the fact that this appointment has been cancelled or in consequence of any order subsequently passed under this Act.
(3) The Registrar shall decide whether any act was done in good faith in pursuance of the business of a co-operative society.

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