Renewal of Registration.

Every society which has been issued a certificate of registration under section 8 of this Act and it shall be renewed for every 5 years. The renewal by Registrar is subject to the satisfaction that,- (a) the society updated its accounts and got them audited as per the provisions of this Act; (b) the society conducted elections as per the provisions of this Act; (c) the society not violated any provisions of Act, Rules, Bye-laws; (d) all members underwent member education programme and certified as such by the Telangana State Co-operative Union: Provided that if the society fails to renew its registration under this section, the Registrar may on his own initiate necessary action for compliance. In case of non compliance, Registrar may cancel the certificate of registration issued to the society U/s. 8 of this Act and initiate winding up proceedings U/s.64(2) of this Act: Provided further that provisions of this section are not applicable to the eligible Coop. Banks as defined in section 115-A of this Act and Coop. Credit Society as defined under section 115-C.