Amendment status not verified — confirm the current text below against the official source.
(1) The Registrar may, and if the rules in any case so prescribe, shall, by an order in writing, direct that a co-operative society shall be wound up if— (a) after an inspection has been made under section 82 or section 83 or an inquiry has been held under section 84; or (b) on an application made upon a resolution carried by three- fourths of the mambers of the society present at a special general meeting called for the purpose; or (c) on his own motion, in the case of a society which— (i) has not commenced working; or (ii) has ceased working; or 214 The West Bengal Co-operative Societies Act, 1973. XXXVHI of 1973.] (Chapter XL—Winding up and dissolution of co-operative societies.—Sections 90, 91.) (iii) has share capital or members' deposits not exceeding five hundred rupees; or (iv) has ceased to comply with any condition as to registration provided in this Act or in the rules or by-laws; he is of the opinion that the society ought to be wound up. (2) A copy of such order shall be communicated, in the prescribed manner, to the society and to the financing bank, if any, of which the society is a mamber. (3) The order shall take effect— (a) where no appeal is preferred under section 134, on the expiry of the time allowed for preferring an appeal; or (b) where an appeal is preferred, upon rejection of the appeal by the appellate authority.