Bare ActsThe Punjab Self-Supporting Co-operative Societies Act, 2006

Section 76

Amendment status not verified — confirm the current text below against the official source.

(1) The hquidator shall pay all the expenditure incurred on final entement hquidation out of the assets of the self-supporting co-operative society He shall also settle all claims pertaining to the self-supporting co-operative society out of the assets of such society. (2) After making payment or settling claims, referred to in sub-section I the liquidator shali render the accounts thereof to the Registrar for approval > (3) Where the Registrar approves the final accounts rendered by a liquidator under sub-section (2), the Registrar shall-— (a) issue directions with respect to the custody or disposal of the documents and record of the self-supporting co-operative society ; and (b) discharge the liquidator. (4) In case the liquidator is discharged under clause (hb) of sub- section (3), the Registrar shall dissolve the self-supporting co-operative society and delete its name from the register of the self-supporting co-operative societies.

Section 76 – The Punjab Self-Supporting Co-operative Societies Act, 2006 | DailyLaw.ai