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Disposal of surplus assets of liquidated co-operative societies

After all the liabilities including the paid up share capital of a wound up co-operative society have been met, the surplus assets shall not be divided among its members but they shall be applied to any object described in the rules and when no object is so described, to any object of public utility determined by the general body meeting.

Last Updated Date :- 10-05-2018

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  • Page last updated on: 10-11-2020