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Co-operatives Act, 2005 (Act No. 14 of 2005)

Regulations

Co-operatives Administrative Regulations, 2016

Chapter 2 : Winding Up and Judicial Management of Co-operatives

Part A : Winding-Up of Co-operatives

Provisional winding up

74. Issue, transfer or cancellation of shares in co-operative being wound up

 

The issue, transfer or cancellation of shares in a co-operative being wound up will be void.