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State of Haryana - Section

Section 14 in Haryana Co-operative Societies Act, 1984

14. Compulsory amalgamation.

(1)Where the Registrar is satisfied that it is essential or desirable in the interest of the co-operative society or co- operative societies that -
(i)one or more co-operative societies be amalgamated with any other co-operative society; or
(ii)two or more co-operative societies be amalgamated to form a new co-operative society,
then notwithstanding anything contained in section 13, the registrar, may, by order, after consulting the financing institutions, if any, provide for the amalgamation of the said society or societies, -
(a)with any other co-operative society, or
(b)to form new co-operative society, with such constitution, property, rights, interests, liabilities, duties and obligations, as may be specified in the order.
(2)No order shall be made under this section, unless -
(i)a copy of the proposed order has been sent to the society or each of the concerned societies requiring them to file objections or suggestions on the proposed order within 15 days from the date of its receipt;
(ii)the Registrar has considered all objections or suggestions received from such societies or members of creditors thereof, and has made such modifications in the proposed order as he may deem proper;
(iii)every member or creditor of each of the societies to be amalgamated, who has objected to the scheme of amalgamation, shall be entitled to receive within the period specified in the order of amalgamation his share or interest if he be a member, and the amount in satisfaction of his dues if he be a creditor;
(iv)the order referred to in sub section (1) may contain such incidental, consequential and supplemental provisions as may, in the opinion of the Registrar, be necessary to give effect to the amalgamation.