Sri Lanka Consolidated Acts

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Co-operative Societies (Amendment) Act (No. 32 of 1983) - Sect 11

Amendment of section 49 of the principal the enactment. [ 11,32 of 1983]

11. Section 49 of the principal enactment is hereby amended by the repeal of subsection (1) thereof, and substitution therefor, of the following subsection:"
"(1) If the Registrar after an inquiry under section 46 or an inspection or investigation under section 47, or on receipt of an application for its dissolution made by three-fourths of the members of a registered society, and after giving an opportunity to the society and to the creditors of such society to state their objections, is of opinion that the society ought to be dissolved, he may by order under his hand cancel the registration of the society. ".


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