(1) The Registrar may, of his own motion, himself or by a person duly authorized by him in writing in this behalf, hold an inquiry into the constitution, working and financial conditions of a society.
(2) The Registrar shall hold such an inquiry - a. On the requisition of a society duly authorized by rules made in this behalf to make such requisition, in respect of one of its members, such member being itself a society, or b. On the application of a majority or the committee of a society, or c. On the application of one-third of the members of society.
(3) (a) All officers, members and past members of the society in respect of which an inquiry, is held, and any other who in the opinion of the officer holding the inquiry is in possession of information, books and papers relating to the society, shall furnish such information as in their possession and produce all books and papers relating to the society which are in their custody or and otherwise give to the officer holding an inquiry all assistance in connection with the inquiry when they can reasonably give.
(b) If any such person refuse to produce to the Registrar or any person authorized by him under sub-section (1), any book or papers which it is his duty under clause (1) to produce or to answer any question which is put to him by the Registrar or the person authorized by the Registrar in pursuance of sub-clause (a), the Registrar or the person authorized by the Registrar may certify the refusal and the Registrar after hearing any statement which may be offered in defense, punish the defaulter with a penalty not exceeding five hundred rupees. Any sum imposed as penalty under this section shall, on the application by the Registrar of the person authorized by him, to a Magistrate having jurisdiction be recoverable by the Magistrates as if it were a fine imposed by himself.
(4) The result of any inquiry under this section shall be communicated to the society whose affairs have been investigated.
(5) It shall be competent for the Registrar to withdraw any inquiry from the officer to whom it is entrusted, and to hold the inquiry himself or entrust it to any other person as be deems fit.
85.The Registrar, or any person, authorized by general or special order in this behalf by him, may inspect a Cooperative Society. For the purpose of inspection, the Registrar or the person so authorized by him shall at all times have access to all books, accounts, papers, vouchers, securities, stock and other property of the society and may in the event of serious irregularities discovered during inspection taken them into custody and shall have power to verify the cash balance of the society and subject to the general or special order of the Registrar to call a committee meeting, general meeting, Every Officer or member of the society shall furnish such information with regard to the working of the society as the Registrar or the person making such inspection may require.