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Section 19: Reconstruction of societies

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

Where a proposal for a compromise or arrangement,—

(a) between a society and its creditors, or 1 These words were substituted for the words “appointment of an administrator or an interim committee of management” by Mah. 16 of 2013, s. 11(a).

2 These provisos were deleted by Mah. 16 of 2013, s. 11(b).

28 The Maharashtra Co-operative Societies Act, 1960 [1961 : Mah. XXIV

(b) between a society and its members, is approved at a special general meeting called for the purpose, the Registrar may, on the application of the society or of any member or of any creditor of the society, or in the case of a society which is being wound up, of the Liquidator, order reconstruction in the prescribed manner, of the society.

Where this provision sits

ActThe Maharashtra Co-operative Societies Act, 1960
Section19
Marginal noteReconstruction of societies
JurisdictionState of Maharashtra
StatusIn force as published by the source

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