Section 94: Power to order dissolution

94. Power to order dissolution (1) The Registrar may, after carrying out an inquiry, issue an order directing that a society be wound up where— (a) the society has contravened this Act; (b) the society has failed to comply with any condition as to registration or management imposed by this Act or the rules of the society; C49 – 49 [Issue 9] Co-Operatives Act (c) the number of members falls below the minimum required level; (d) the share capital, for a period of more than 3 months, falls below— (i) 5,000 rupees for a primary society; (ii) 10,000 rupees for a secondary society; and (iii) 25,000 rupees for the tertiary society; (e) the sum of the share capital and the reserves is less than the accumulated losses of the society. (2) No order under subsection (1) shall be made unless the society has been given a reasonable opportunity to show cause against the making of the proposed order. (3) Where the Registrar is of the opinion that a society in respect of which an order under subsection (1) is made should continue to exist, he may, at any time before the cancellation of its registration, revoke the order. (4) A society, in respect of which an order under subsection (1) has been made, may, within 21 days of the order, appeal to the Tribunal.