Liquidation

Under Rule 69 of Sikkim Cooperative Societies Rules, 1981, (Section 75 of Sikkim Cooperative Societies Act 1978) the Cooperative society registered under the Act/Rules may be wind up and its registration certificate may be cancelled by the Registrar duly satisfying himself about the necessity of such winding up & duly inviting the reply from a society and report of a liquidator to be appointed under Rule 70, of the Rules. Under Rule 71 to 80 a detail procedure has been laid down for liquidator so appointed by the Registrar for the purpose of the Act.