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[Cites 0, Cited by 0] [Section 57] [Entire Act]

State of Chattisgarh - Subsection

Section 57(l) in The Chhattisgarh Co-operative Societies Rules, 1962

(l)At the conclusion of the liquidation, the liquidator shall call a general meeting of the members as they existed on the date of winding up of the society. The liquidator or any person authorised by him in writing in this behalf shall summarise the results of his proceedings in the meeting and report what sum, if any, remains in his possession after meeting all the liabilities of the society. If the bye-laws of the society do not describe the object to which the surplus assets, if any, have to be applied after liquidation, the liquidator shall proceed to take a vote of the members present to determine any object of public utility to which they have to be applied.