Section 71
Dissolution
of Co-Operative Societies Act 1993
The Commission may, if the Commission is of the opinion that a co-operative society ought to be dissolved, dissolve the co-operative society by making an order for the revocation of the registration of the co-operative society—
(a)
when the Commission exercises its powers under subsection 69D(3);
(b)
upon receipt of an application made by three-fourths of the members of a co-operative society; or
70 Laws of Malaysia ACT 502
(c)
after an inspection has been made under section 64 or 68 or after an inquiry has been held under section 66.
(2)
Any member of a co-operative society may, within a period of two months from the date of an order under subsection (1), appeal from such order to the Minister.
(3)
If no appeal is presented to the Minister from an order under subsection (1) within a period of two months from the date of such order, the order shall take effect on the expiry of that period.
(4)
If an appeal is presented to the Minister from an order under subsection (1) within a period of two months from the date of such order, the order shall not take effect unless and until it is confirmed by the Minister.
(5)
If the Commission makes an order under subsection (1) for the revocation of the registration of a co-operative society, the
Commission may make such further order as the Commission may think fit for the custody of the books and documents and for the protection or disposal of the property of the co-operative society until the order revoking the registration of the co-operative society takes effect under subsection (3) or, if an appeal is presented under subsection (4), until the order is confirmed or otherwise.
(6)
No co-operative society shall be dissolved except by an order of the Commission.