Multi-State Co-Operative Societies Act, 2002
Section - 90 - Powers of liquidator
Powers of liquidator90. (1) Subject to any rules made in this behalf, the whole of the assets of a multi-State co-operative society in respect of which an order for winding up has been made, shall vest in the liquidator appointed under section 89 from the date on which the order takes effect and the liquidator shall have power to realise such assets by sale or otherwise.(2) Such liquidator shall also have power, subject to the control of the Central Registrar-
| (a) | - | to institute and defend suits and other legal proceedings on behalf of the multi-State co-operative society by the name of his office; |
| (b) | - | to determine from time-to-time the contribution (including debts due and costs of liquidation) to be made or remaining to be made by the members or past members or by the estates or nominees, heirs or legal representatives of the deceased members or by any officers or former officers, to the assets of the multi-State co-operative society; |
| (c) | - | to investigate all claims against the multi-State co-operative society and subject to the provisions of this Act, to decide que .... To read the full section download the app from Google Play store
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07 July 2026
ArticleshipJawahar and Associates Chartered Accountants Hyderabad CA Inter View Details
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