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[Cites 0, Cited by 8] [Section 82] [Entire Act]

State of Tamilnadu - Subsection

Section 82(1) in The Tamil Nadu Co-Operative Societies Act, 1983

(1)The Registrar may, of his own motion, or on the application of a creditor of a registered society inspect or investigate or direct any person authorised by him in this behalf by general or special order in writing to inspect the affairs of the registered society in general or to investigate into any alleged misappropriation, fraudulent retention of any money or property, breach of trust, corrupt practice or mismanagement in relation to that society or into any particular aspect of the working of that society and the Registrar or the person so authorised shall have all the powers of the Registrar when holding an inquiry under section 81:Provided that no such inspection or investigation shall be made or directed on the application of a creditor unless the creditor-
(a)satisfies the Registrar that the debt is a sum then due and that he has demanded payment thereof and has not received satisfaction within a reasonable time; and
(b)deposits with the Registrar such sum as security for the costs of the proposed inspection or investigation as the Registrar may require.