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Section 17 – The Delhi Co-Operative Societies Act,1972

The Delhi Co-Operative Societies Act,1972

17.No order shall be made under this section, unless.-

A copy of the proposed order has been sent in draft to the co-operative or each of the co-operative societies concerned, and the Registrar has considered and made such modification in the draft order which as may seem to him desirable in the light of any suggestions and objections which may be received by him within such period (not being less than two months form the date on which a copy of the order aforesaid is received by the society or societies, as the case may be) as the Registrar may fix in that behalf, either from the society or from any of the societies concerned or from any member or class of members thereof or from any creditor or class of creditors thereof.

The order referred to in sub section (I) may contain such incidental, consequential and supplemental provisions as may, in the opinion of the Registrar, be necessary to give effect to the amalgamation, division or reorganisation, as the case may be.

Every member or creditor of each of he co-operative societies to be amalgamated, divided or reorganised, who has objected to the scheme of amalgamation, division or reorganisation, within the period specified, shall be entitled to receive, on the issue of the order of amalgamation, division or reorganisation, his share or interest, if he be a member, and the amount in satisfaction of his dues, if he be a creditor.

On the issue of an order under section (1) the provisions of sub sections (2), (3) and (4) of section 19 shall apply to the co-operative societies so amalgamated, divided or reorganised as if the amalgamation, division or reorganisation had been made under section 15.

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The Delhi Co-Opearative Societies Act,1972

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