Section 37

If the Registrar, after holding an inquiry and inspection under section 36 or on receipt of an application made by three-quarters of the members of a society present and voting at a general meeting convened for the purpose, is of the opinion that the society ought to be wound up, he may issue an order directing it to be wound up.

The Registrar may, of his own motion, make a winding-up order in respect of a society which has not commenced business operations without reasonable explanation for 2 years after receipt of the certificate of registration or the membership of which is reduced to less than the minimum membership prescribed in section 5.

Co-operative Societies

B.L.R.O. 1/2015 35

No society shall be wound up save by an order of the Registrar.

A member of a society may, within 2 months from the date of a winding-up order under subsection (1) or (2), appeal in writing against the order to the Minister and the decision of the Minister shall be final.

When making a winding-up order under subsection (1) or (2), the Registrar may appoint a liquidator for this purpose and fix his remuneration.

A liquidator shall not wind up a society until any appeal instituted under subsection (4) has been determined or until 2 months have elapsed from the date of the winding-up order, as the case may be.

Cancellation of registration of society due to lack of membership.