Section 16: Reconstruction of societies

The Puducherry Co-Operative Societies Act, 1972Union territory Act of Puducherry · Act 7 of 1973

Where a proposal for a compromise or arrangement-

(a) between a registered society and its creditors; or

(b) between a registered 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, the Liquidator, order reconstruction, in the prescribed manner, of the society.

Where this provision sits

Act	The Puducherry Co-Operative Societies Act, 1972
Section	16
Marginal note	Reconstruction of societies
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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