Amendment status not verified — confirm the current text below against the official source.
(1) The Registrar may, for reasons to be recorded in writing, cancel an order for the winding up of a co-operative society in any case where, in his opinion, the society should continue to exist. (2) In any other case, the Registrar shall, after considering the report of the liquidator, if any, order the registration of the society to be cancelled. CHAPTER XII SPECIAL PROVISIONS FOR CO-OPERATIVE LAND DEVELOPMENT BANK, CENTRAL CO-OPERATIVE BANK, PRIMARY CO-OPERATIVE CREDIT SOCIETY AND APEX DOUSING SOCIETY Right of co-operative land development bank to pay prior debts of mortgagor. Procedure for dealing with certain applications for loans.