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Co-Operative Societies Act 2008

159. Notice of dissolution by members

1.      When the Registrar approves a special resolution passed pursuant to section 158 he shall, at the expense of the society, cause a notice of the special resolution to be published once a week for 2 consecutive weeks in a newspaper circulated in .

2.      Notwithstanding subsection (1), where the Registrar receives an affidavit from the officers of a society stating that the society has no assets and no liabilities and he is satisfied that it is appropriate, he may-

a.      exempt the society from the requirements of subsection (1); and

b.     cause, at the expense of the Registrar, a notice of the special resolution passed pursuant to section 158(1) to be published in the Gazette or in a newspaper circulating in .



3.      The Registrar shall require from a society, liquidator or trustee appointed by a society or any other person who is required to furnish information, an annual or other return showing-

a.      the progress of dissolution;

b.     the distribution of any undistributed surplus or reserve;

c.      the progress of the administration of a trust established in accordance with this section; and

d.     any other information that he may require.

Cooperative Societies Act, 2008 Back

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