Amendment status not verified — confirm the current text below against the official source.
Dissolution by Tribunal: (1) The Registrar or an interested person may, after giving the Cooperative Society ninety days notice of the proposed application, apply to the Tribunal for an order dissolving the cooperative Society, where he has 30/42 reasonable cause to believe that the Cooperative Society has no right to be or to continue to be recognised as a Cooperative Society, because it: (a) obtained its registration by fraud or mistake; (b) is serving illegal purposes; (c) has willfully; after notice by the Registrar; violate any of the provisions of this Act or its bye-laws; (d) is no longer operating in accordance with Cooperative Principles and the provision of this Act; (e) has not commenced business within two years of the date of registration; or (f) has not carried on business for the past two consecutive years. (2) Where an interested person applies in pursuance of this section, he shall give the Registrar notice of his application and the Registrar shall be entitled to appear and be heard in person or by counsel. (3) Where the Tribunal receives an application in pursuance of this section it may, after giving a reasonable opportunity to the Cooperative Society to state its case, order that the Cooperative Society be dissolved or liquidated and dissolved under the supervision of the Registrar. (4) Where the Registrar receives an order made in pursuance of sub-section (3) he shall, (a) where the order is to dissolve the Cooperative Society, issue a certificate of dissolution, or (b) where the order is to liquidate and dissolve the Cooperative Society under the supervision of the Registrar, publish a notice in a newspaper published or distributed in the district in which the registered office of the Cooperative Society is situated.