Co-Operative Societies Act · s 42

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s 42Power of Registrar to control liquidation

A liquidator shall exercise his powers subject to the control and revision of the Registrar, who may —

(a)

rescind or vary any order made by a liquidator and make whatever new order is required;

(b)

remove a liquidator from office;

(c)

call for all books, documents and assets of the society;

(d)

by order in writing limit the powers of a liquidator under section 41;

Co-operative Societies 38

(e)

require accounts to be rendered to him by the liquidator;

(f)

procure the auditing of the liquidator’s accounts and authorise the distribution of the assets of the society;

(g)

make an order for the remuneration of the liquidator; or

(h)

refer any subject of dispute between a liquidator and any third party to arbitration if that party shall have consented in writing to be bound by the decision of the arbitrator.