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[Cites 0, Cited by 0] [Section 70] [Entire Act]

State of Sikkim - Subsection

Section 70(1) in Sikkim Co-Operative Societies Act, 1978

(1)Where in the course of an audit, enquiry, inspection, or winding up of the society, it is found that any person who is or was entrusted with the organisation or management of such society or who is or has at any time been an officer or an employee of the society; has made any payment contrary to this Act, the rules or the bye-laws or has caused any deficiency in the assets of the society by breach of trust or will fully default or negligence or has misappropriated or fraudulently retained, any money or other property belonging to such society, the Registrar may, of his own motion or on the application of the committee, liquidator or any creditor, enquire himself or cause an enquiry to be made by any person authorised by him, by an order in writing in this behalf.