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Section 76

The Punjab Self-Supporting Co-operative Societies Act, 2006State Act of Punjab · Act 17 of 2010

(1) The hquidator shall pay all the expenditure incurred on final entement hquidation out of the assets of the self-supporting co-operative society He shall also settle all claims pertaining to the self-supporting co-operative society out of the assets of such society.

(2) After making payment or settling claims, referred to in sub-section I the liquidator shali render the accounts thereof to the Registrar for approval >

(3) Where the Registrar approves the final accounts rendered by a liquidator under sub-section (2), the Registrar shall-—

(a) issue directions with respect to the custody or disposal of the documents and record of the self-supporting co-operative society ; and

(b) discharge the liquidator.

(4) In case the liquidator is discharged under clause (hb) of subsection (3), the Registrar shall dissolve the self-supporting co-operative society and delete its name from the register of the self-supporting co-operative societies.

Where this provision sits

ActThe Punjab Self-Supporting Co-operative Societies Act, 2006
Section76
JurisdictionState of Punjab
StatusIn force as published by the source

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