(1) If, after an audit under section 90 or an inspection under section 92 or an inquiry under section 93 or on an application made by not less than three-fourths of the members of any co-operative society, the Registrar is of opinion that the co-operative society should be wound up, he may by order direct it to wound up.
(2) The Registrar may of his own motion, after giving thirty days' notice in the form prescribed, by order direct the winding up of a co-operative society—
(a) where the co-operative society has not commenced working within twenty-four months from the date of its registration or has ceased to function for eighteen months; or
(b) where the number of members of the co-operative society has been reduced to less than the minimum provided in section 13 for the purpose of registration.
368 The West Bengal Co-operative Societies Act, 1983.
XLV of 1983.]
(Chapter )(IL—Winding up and dissolution of co-operative societies.—Sections 100, 101.)
(3) The Registrar may, after orders have been issued under subsection (1) or sub-section (2), consider the reports, if any, of the liquidator appointed under section 100, by order cancel the registration of the cooperative society.
(4) If, however, the Registrar is of opinion that a co-operative society which has been directed to wound up under sub-section (1) or subsection (2) should continue to function, he may, with the prior approval of the State Government, cancel such order for winding up.
100. After an order has been issued under sub-section (1) or subsection (2) of section 99, the Registrar may, in accordance with the rules, appoint a person to be liquidator of the co-operative society in respect of which such order has been issued and fix his remuneration in the manner prescribed and may, if necessary, in the like manner remove such person and appoint another person in his place:
Provided that it shall not be necessary to appoint any liquidator for winding up of a co-operative society which has not commenced working.