De-Registration of a society.

(1) The Registrar shall, at any time, of his own motion and after giving the society an opportunity of making its representation, if any, by order, de-register a society which is in existence for a period not exceeding four years from the date of its registration,- (i) where the membership of the society falls short of the minimum number prescribed for registration of such society; or (ii) where the society has not commenced working within the prescribed period or has ceased to work; or (iii) where in the opinion of the Registrar, the society is conducting its affairs in contravention of the cooperative principles or in violation of the provisions of the Act, rules and bye-laws made there under or in a manner detrimental to the interest of its members or the promotion of the object for which it has been registered; or (iv) where the society has been registered by fraud or misrepresentation of facts. (2) A society, de-registered under sub-section (1), shall cease to conduct its business forthwith from the date of such order.