Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstam‘ii‘hg eseything centaihed in sections. 91, 93 wrap 1mm. and 98 on an apphcation mace by a resource society, undertaking the financing of agriculturists towerds providing of their seesanal repuire= ments, for recovery ef arears ef any sum advanced and on its furnishing a statement of accounts in respect of the arrears, the Registrar, may, after making such inquiries as he deems fit, grant a. certificate fer the recOVery of the amouh‘t stated therein to he due as arrears of revenue. (.2) Where the Registrar is satisfied that e. reeuurce society has failed to take action under the feregeing eub-seetion in respect of arrears of any sum advanced by it to any of its mem bers, the Registrar may, of his own motion, after making such inquiries as he deems fit, grant a certificate for the recovery of the amount stated. therein to be due as arrears of revenue, and such certificate shall. be deemed. to haVe been issued at if on an appiieetien made by the Society concerned. (3) A certificate granted by the Begietrar under enb-Seetion (1) or (2) shall be final and a conclusive proof of the arrears stated to be due therein, and the same shall be recoverabie aceording to the law for thejtime being in force for the recovery of land revenue. (4) Notwithstanding anything contained in this Act, the provis sions of subsections (1), (2) and (3} shah, mutatis mutandie, ePPEY E to the I'eeeVery of medium term leaner! : (JHAPTEB X LIQUIDATION 1(32. (1) If the RegiStrar,— (3.) after an inquiry has been held under section 8 or an inspection has been made under section 84c 01' en the report of the Auditor auditing the accounts of the society, 01' (b) on receipt of an application made upon a. resolution carried by three-fourths of the members of the society present at a special general meeting called for the purpose, 01' (c) of his own motion, in the ease of a society Which» (i) has not commenced working, or (ii) has ceased working, or (iii) possessas shares or members’ (iepoeits not exceedihg five hundred rupees, or (iv) has ceased to comply With any couditiens as to re- gistration and management in this Act or the rules or the bye-laws, is of the opinion that a. society ought to be wound up, he may-issue an interim order directing it “be be Wound up. (2) A copy of such order made under sub-section (1) shall be communicated, in the prescribed manner, to the society calling upon it to submit its exyienebion to the Registrar Within a, month from the date of the issue of such order, and the Registrar, on giving an opportu- nity to the society of being heard, may issue a. final order, vacating or confirming the interim order.