Amendment status not verified — confirm the current text below against the official source.
Where a proposal for a compromise or arrangement :— (a) between a society and its creditors, or Power to direct amal- gamation, division and re-organisa- tion in pu- blic interest etc, Reconstruc- tion of societies. 10 Partnership of societies. Cancellation of registra- tion, Person who may become member. (b) between a society and its members, is approved at a special general meeting called for the purpose, the Registrar may, on the application of the society or of any member or of any creditor of the society, or in the case of a society whiehiis being wound up, of the Liquidator, order reconstruction in the prescribed manner, of the society.