Amendment status not verified — confirm the current text below against the official source.
68 THE KOLKATA GAZETTE, EXTRAORDINARY, MAY 25, 2010 [PART III The West Bengal Co-operative Societies Act, 2006. (Chapter XIL—Dissolution of Co-operative society. —Sections 112, 113.) (12) If, after adequate steps taken by the liquidator, any debt to the Co-operative society is found not realizable, the Registrar on recommendation of the liquidator may declare the debt as bad debt and non-realisable. Such debt shall be deleted from the assets of the Co-operative society. (13) The liquidator shall have power to give directions to any present or past office bearer, member, employee or any person possessing books, documents and assets of the Co-operative society for returning the same to him within the period to be fixed by him. He may, for the purpose of dissolution, interrogate any of the above mentioned persons or any person having transaction with the Co-operative society. (14) The liquidator shall, subject to general control and direction of the Registrar so far as it necessary for dissolution of the Co-operative society and for carrying on its affairs have the following powers or such powers as may be prescribed:— (a) to do all acts and execute all documents in the name and on behalf of the Co-operative society; (b) to institute and defend suits and other legal proceedings; (c) to borrow money, if required, on the security of the assets of the Co- operative society; (d) to retain at the expenses of the Co-operative society any lawyer, accountant, engineer, appraiser and other professional advisor whose services are required; (e) to carry on business of the Co-operative society as required for liquidation; (f) to calculate the cost of liquidation and determine the persons by whom and proportion by which, they are to be borne; (g) to make compromise or arrangement with any person between whom and the Cc-operative society there exists a dispute and to refer such dispute to arbitration; (h) to determine from time to time the contribution to be made to the assets of the Co-operative society by members including past members or estates, nominees, heirs or legal representatives of the deceased members or by the past or present officers of the Co-operative society or by the estate, nominees, heirs and legal representatives of the deceased officer; (i) to pay claims against the Co-operative society including interest up to the date of the order for its dissolution according to the priority in full or rateably as the assets of the Co-operative society permit; (j) to give such directions as may be appear to him to be necessary in regard to realization, or distribution of assets of the Co-operative society; (k) to take with the prior approval of the Registrar such action as may be necessary for such reconstruction, if there is any reason to believe that the Co-operative society can be reconstructed. (15) In the event of an order of dissolution being set aside on appeal or a subsequent order of the Registrar for cancellation of the order of dissolution, the liquidator shall deliver possession of all estates, properties, effects, actionable claims, books, records and other documents to the appropriate officers of the Co-operative society: Provided that anything done, any action taken or any proceeding initiated by the liquidator shall be binding on the Co-operative society and such actions or proceeding shall be pursued and continued by the officers of the Co-operative society: