Inspection of books of indebted multi-State co-operative societies80. (1) The Central Registrar shall, on the application of a creditor of a multi-State co-operative society, inspect, or direct some person authorised by him by order in writing in this behalf to inspect, the books of the society:
Provided that no such inspection shall be made unless the applicant-
| (a) | - | satisfies the Central Registrar that the debt is a sum then due, and that he has demanded payment thereof and has not received satisfaction within a reasonable time; |
| (b) | - | deposits with the Central Registrar such sum as security for the costs of the proposed inspection as the Central Registrar may require. |
(2) The Central Registrar shall communicate the result of any such inspection to the creditor.
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