(1) On his appointment, the liquidator, shall immediately inform the Registrar, if appointed by the self-supporting co-operative society, and the self-supporting co-operative society, if appointed by the Registrar and each claimant and creditor of the self-supporting co-operative society.
| (2; The liquidator shall immediately publish notice of his appointment in vernacular newspaper, circulated in the locality in which the registered office of the self-supporting co-operative socicty is situated.
(3) In the notice mentioned in sub-section (2), the liquidator shall make it clear by requiring any peson,—
(a) indebted to the self-supporting co-operative society, to render an account at the specified time and place ;
PUNJAB GOVT GAZ. (EXTRA), NOV. 8, 2010 121 (KRTK 17, 1932 SAKA)
(b) possessing property of the self-supporting co-operative society, to deliver it to the liquidator at the specified time and place ; and
(c) having a claim against the self-supporting co-operative socicty, whether liquidated, unliquidated, future or contigent, to present particulars of such claim in writing to the liquidator at the specified time and place.
(4) The liquidator shall,—
(a) take into custody and control of the property of the self supporting co-operative society ;
(b) open and maintain an account for the funds of the sellsupporting co-operative society ;
(c) keepaccounts ofthe funds of the self-supporting co-operative society, received and paid ;
(d) maintain separate lists of members, creditors and other persons having claims against the self-supporting co-operative society ;
(e) apply to the Registrar or general body for giving directions where it is found that the self-supporting co-operative society is unable to pay its obligations ; and
(f) deliver to the Registrar financial statement of the self supporting co-operative society in such form, as the liquidator may consider proper or in which the Registrar may require.