Amendment status not verified — confirm the current text below against the official source.
When all the liabilities including the paid-up share capital of a liquidated self-supporting co-operative society have been met. the surplus assets shall not be divided among its mem bers, but the same shall be applied to the objects described in the bye-laws. In case, no object is described to which the Pius assis can be applied, then the same can be applied to any object public utility related to the promotion and development of the co-operative movement. Y PUNJAB GOVT GAZ (EXTRA). NOV & 2010 123 (KRTK 17,193) SAKA)