TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Central Registrar May Wind Up Multi-State Co-op Societies for Non-Compliance; Voluntary Winding Requires Lender Approval</h1> The Central Registrar can order the winding up of a multi-State co-operative society following an audit, inquiry, or inspection if deemed necessary. Grounds for winding up include reduced membership below statutory requirements, failure to commence operations within six months of registration, or fraudulent registration. The society must be given a chance to rectify membership issues within six months. The Registrar can also cancel a winding-up order if continuation is justified. For multi-State co-operative banks, the Banking Regulation Act applies. A society can voluntarily wind up by a two-thirds member resolution, subject to 'no objection' from institutional lenders.
TaxTMI 
TaxTMI 
