GCSA 19 — Reconstruction of societies.

Gujarat Co-operative Societies Act, 1961

Statutory text

Where a compromise or arrangement is proposed—

(a) between a society and its creditors, or (b) between a society and its members the Registrar may, in the application of the society or of any member or of any creditors of the society, or in the case of a society which is being wound up, of the liquidator, order reconstruction in the prescribed manner, of the society.

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