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Section 134: Confirmation of sale

The Maharashtra Co-operative Societies Act, 1960State Act of Maharashtra · Act 24 of 1961

(1) On effecting the sale by a 6[Co-operative Agriculture and Rural Multipurpose Development Bank] under section 133, the bank shall, in the prescribed manner, submit to the 7[State Co-operative Agriculture and Rural Multipurpose Development Bank] and the Registrar a report setting forth the manner in which the sale has been effected and the result of the sale, and the 8[State Co-operative Agriculture and Rural Multipurpose Development Bank] may, with the approval of the Registrar, confirm the sale or cancel it.

(2) Where the sale is effected by the 9[State Co-operative Agriculture and Rural Multipurpose Development Bank] or the Trustee under section 133, the 10[State Co-operative Agriculture and Rural Multipurpose Development Bank] or the Trustee, as the case may be, shall in the prescribed manner submit to the Registrar a report setting forth the manner in which the sale has been effected and the result of the sale, and the Registrar may confirm or cancel the sale.

Where this provision sits

ActThe Maharashtra Co-operative Societies Act, 1960
Section134
Marginal noteConfirmation of sale
JurisdictionState of Maharashtra
StatusIn force as published by the source

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