Rehabilitation of sick co-operative societies: central authority may declare sickness and impose reconstruction schemes with board reorganisation. The Central Registrar may declare a multi-State co-operative society a sick co-operative society when accumulated losses meet the statutory threshold and cash losses occur in the relevant year and prior year. Thereafter the Central Government or an authorised agency may prepare a rehabilitation and reconstruction scheme for general body approval and, to give effect to an approved scheme, may reorganise the society's board by appointing experienced persons; rehabilitation of a sick multi-State co-operative bank requires prior approval of the Reserve Bank.