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Section 76

Power of the Commission to control liquidation

of Co-Operative Societies Act 1993

ActIn forceProvision 94 of 119
Section 76

The Commission may, in respect of a co-operative society referred to in section 74—

(a)

rescind or vary any order made by a liquidator and make whatever new order is required;

(b)

remove a liquidator from office;

(c)

call for all books, documents and assets of the co-operative society;

(d)

by order in writing limit the powers of a liquidator under section 75;

(e)

require accounts to be rendered to him by the liquidator;

(f)

procure the auditing of the liquidator’s accounts and authorize the distribution of the assets of the co-operative society ; and

(g)

make an order for the remuneration of the liquidator, which remuneration shall he included in the costs of liquidation and shall be payable out of the assets in priority to all other claims.