Amendment status not verified — confirm the current text below against the official source.
Inquiry-. (1) The Registrar either suo-moto (or based on an application made by a co-operative, or not less-than one third members of the management committee or not less than one tenth of total number of members of co-operative, or creditors or debtors or depositors) may hold an enquiry himself/herself or order or direct, some other person, to hold an inquiry on his/her behalf into the constitution, working financial condition and status of a co-operative. (2) The Registrar before directing or ordering the conduct of an inquiry in a co-operative, shall provide an adequate opportunity to such Co- operative for making representation on the subject matter and if not satisfied with the reply given by the co-operative, may order or direct the conduct of inquiry on aspects identified by Registrar on issues raised in the application, as the case may be. (3) In the event of an inquiry demanded by persons or authorities specified under sub- section (1), the Registrar may order or direct the conduct of an inquiry only after the receipt of required fee (as prescribe by the registrar) deemed sufficient enough to conduct and complete the inquiry from person or authorities who demanded conduct of such an inquiry. (4) The inquiry ordered or directed shall be completed within a period specified in the order and in any case, such period shall not exceed ninety daysfrom the date of the order or direction of inquiry. 610 (5) The Registrar while holding an inquiry or persons authorized by Registrarto hold such an inquiry shall have; (a) free access to the books of accounts, documents, securities, cash or other properties of Co-operative; (b) power to summon persons in possession or responsible for the custody of documents specified under sub-section 5(a) (6) The Registrar, within a period of thirty days from the date of completion of inquiry, shall communicate the result or findings of such inquiry report to: (a) the applicants or persons who demanded such an inquiry; (b) the Co-operative; (c) the persons or authorities, if any, named therein in the application for the conduct of Inquiry; (d) the financial institution or funding agency or authority; (e) any member or person on payment of fee prescribed by the Registrar. (7) The Registrar shall power to withdraw any inquiry from the authorised persons or authorities to whom it has entrusted and hold the inquiry either himself/herself or entrust the task to any other persons or authorities as he/she deems fit. (8) The Co-operative Society concerned shall, on receipt of the report, place it before the next Generation Meeting or in a Special General Meeting to take such action thereon as the General Body may think fit, which may include removal of all or any directors and election of new directors or any other action on any employees as required. (9) A copy of the report shall be supplied to any other member of the Co- operative Sociçty, on payment of such fee as determined by the Registrar.