Supreme Court may order winding‑up
386 Supreme Court may order winding‑up
The Supreme Court may order the winding‑up of a participating co‑operative if —
[(a) deleted]
the co‑operative’s authority to carry on business in this State has been withdrawn under this Act; or
the co‑operative has been deregistered or has ceased to exist as a co‑operative in the place in which it was registered, incorporated or formed or has ceased to carry on business in that place.
The Registrar may apply to the Supreme Court for the winding‑up of a participating co‑operative on any of the grounds referred to in subsection (1).
The Registrar must, as soon as possible after making an application under this section, give a copy of the application to the participating co‑operative the subject of the application.
[Section 386 amended: No. 7 of 2016 s. 140.]
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