section 67
Management of Deficit
The Nagaland Co-operative Societies Act, 2017Corporate2017128 sections2 chapters
Statutory text
(1) Where a Co-operative has an operational deficit in any given year, the Board of Directors shalt plays before the General body the amount of deficit along with reason for incurringsuch deficit. (2) No member shall be permitted to withdraw from the membership of a Co-operative Societies without paying his share towards clearing the deficit, if any.
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