TaxTMI 
TaxTMI 
TaxTMI 
Procedure to be adopted by liquidator
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....ll be notified by the Central Registrar in the Official Gazette. (b) The liquidator shall, as soon as the order of winding up of the multi-state cooperative society takes effect, publish by such means as he may, think proper, a notice, requiring all claims against the multi-state cooperative society, the winding up of which has been ordered, to be submitted to him within two months of the public....
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....ies of multi-state cooperative society as they stood on the date on which the order of winding up is made, proceed next to determine from time-to-time the contribution including debts due and costs of liquidation to be made or remaining to be made by each of its members, past members, or by the estates, or nominees, heirs or legal representatives of deceased members or by any officers or former of....
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....tor may call for the meeting of the members of the multi-state cooperative society under liquidation. (j) The liquidator shall submit to the Central Registrar a quarterly report in such form as the Central Registrar may, specify showing the progress made in liquidation of the multi-state cooperative society. (k) The liquidator shall keep such books and accounts as may from time to time be spec....
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.... by him. (m) If any liability cannot be discharged by the liquidator owing to the whereabouts of the claimants not being known or for any other cause, the amount covered by such undischarged liability may be deposited in a Cooperative Bank and shall be available for meeting the claims of the person or persons concerned. (n) A liquidator may, at any time, be removed by the Central Registrar and....