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Section 51: Inspection of books of indebted societies

The Punjab Co-Operative Societies Act, 1961Union territory Act of Chandigarh · Act 25 of 1961

(1) The Registrar shall, on the application of a creditor of a co-operative society, inspect or direct some person authorised by him by order in writing in this behalf to inspect the books of the society :

Provided that no such inspection shall be made unless the applicant -

(a) satisfies the Registrar that the debt is a sum then due, and that he has demanded payment thereof and has not received satisfaction with a reasonable time; and

(b) deposits with the Registrar such sum as security for the costs of proposed inspection as the Registrar may require.

THE PUNJAB COOPERATIVE SOCIETIES ACT, 1961 50 8TH FINAL PRINT AS ON 05.10.2006

(2) The Registrar shall communicate the result of any such inspection to the creditor.

SECTION - 52

Where this provision sits

ActThe Punjab Co-Operative Societies Act, 1961
Section51
Marginal noteInspection of books of indebted societies
JurisdictionUnion territory of Chandigarh
StatusIn force as published by the source

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