https://www.taxtmi.com/acts?id=43422 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. en-us Fri, 05 Jul 2024 12:25:41 +0530 Fri, 05 Jul 2024 14:13:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43422 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. Act-Rules Trust and Society Fri, 05 Jul 2024 12:25:41 +0530 https://www.taxtmi.com/acts?id=43422