Malaysia legislation

Section 37

of CO-OPERATIVE SOCIETIES ACT 1948

Section 37

(2)

The Registrar shall, on the application of a creditor of a registered society, inspect or direct some person authorised by him in writing in this behalf to inspect the books of the society, if the applicant—

(a)

proves that an ascertained sum of money is then due to him and that he has demanded payment thereof and has not received satisfaction within a reasonable time; and

(b)

deposits with the Registrar such sum as security for the costs of the proposed inspection as the Registrar may require.

(3)

The Registrar shall communicate the results of any such inspection to the creditor and to the society into whose affairs inquiry has been made.

(4)

Where an inquiry is held under sub-section (1) or an inspection is made under sub-section (2) of this section, the Registrar may by a certificate under his hand make an award apportioning the costs, or such part of the costs, as he may think right, between the registered society, the members demanding an inquiry, the officers or former officers of the society, and the creditor, if any, on whose application the inquiry was made.

(5)

Any sum awarded by way of costs against any society or person under this section may be recovered, on production of the certificate referred to in subsection (4) of this section to a District Court having jurisdiction in the place where the registered office of the society is situated or the person resides or carries on business for the time being, in like manner as a fine imposed by the Court.

Section 37 — AKTA KOPERASI 1948 | mylaw.my