Section 38
of Co-Operative Societies Act 1948
Section 38
If the Registrar, after an inquiry has been held or after an inspection has been made under section 37 of this Ordinance or on receipt of an application made by three-fourths of the members of a registered society, is of opinion that the society ought to be dissolved, he may make an order for the cancellation of the registration of the society.
(2)
Any member of a registered society may, within two months from the date of an order under subsection (1) of this section, appeal from such order to the Chief Secretary.
(3)
Where no appeal is presented within two months from the making of an order cancelling the registration of a society, the order shall take effect on the expiry of that period. Where an appeal is presented within two months, the order shall not take effect until it is confirmed by the Chief Secretary
(4)
Where the Registrar makes an order for the cancellation of the registration of a society under sub-section (1) of this section he may make such further order as he may think fit for the custody of the books and documents and the protection of the assets of the society until the order cancelling the registration of the society takes effect.
(5)
No registered society shall be wound up save by an order of the Registrar.