(2) Where in the course of an audit under section 31 or an inquiry under section 32 or the winding up of a society, it appears that any person who has taken part in the organisation or management of the society or any past or present officer of the society has misappropriated or fraudulently retained any money or other property SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 657 or been guilty of breach of trust in relation to the society, the Registrar may, of his own motion or on the application of the committee or liquidator or of any creditor or contributory, examine into the conduct of such person or officer and make an order requiring him to repay or restore the money or property or any part thereof with interest at such rate as the Registrar thinks just or to contribute such sum to the assets of the society by way of comnensation in respect of the misappropriation, fraudulent retainer or breach of trust as the Registrar thinks just.
(2) The order of the Registrar under sub-sect4 on (1) shall be final unless it is set aside by the Administrator on application made by the party aggrieved within three months of the date of receipt of the order by him:
Provided that in computing such period, all or any of the months of June, July, August and September shall be excluded.
(3) This section shall apply notwithstanding that such person or officer may have incurred criminal liability by his act.
CHAPTER X ARBITRATION