The liquidator may,-
(a) retain lawyers, accountants, engineers, appraiser and other professional advisors;
(b) bring, defend or take part in any civil, criminal or, administrative action or proceeding in the name and on behalf of the Co-operative Society;
(c) carry on the business of the Co-operative Society as required for an orderly liquidation;
(d) shall by public auction any property of the Co-operative Society;
(e) do all acts and execute any documents in the name and on behalf of the Co-operative Society;
(f) borrow money on the security of the property of the Co-operative Society;
(g) settle or compromise any claims by or against the Co-operative Society; and
(h) do all other things that he considers necessary for the liquidation of the Co-operative Society and distribution of its property.
Section 43 • THE ANDHRA PRADESH MUTUALLY AIDED CO-OPERATIVE SOCIETIES ACT, 1995
Section 43(1)
the-andhra-pradesh-mutually-aided-co-operative-societies-act-1995-sec-43.json
•
Section 43
{
"act_title": "THE ANDHRA PRADESH MUTUALLY AIDED CO-OPERATIVE SOCIETIES ACT, 1995",
"act_slug": "the-andhra-pradesh-mutually-aided-co-operative-societies-act-1995",
"section_label": "Section",
"section": {
"number": "43",
"title": "Section 43(1)",
"chapter": null,
"content": "The liquidator may,-\n(a) retain lawyers, accountants, engineers, appraiser and other professional advisors;\n(b) bring, defend or take part in any civil, criminal or, administrative action or proceeding in the name and on behalf of the Co-operative Society;\n(c) carry on the business of the Co-operative Society as required for an orderly liquidation;\n(d) shall by public auction any property of the Co-operative Society;\n(e) do all acts and execute any documents in the name and on behalf of the Co-operative Society;\n(f) borrow money on the security of the property of the Co-operative Society;\n(g) settle or compromise any claims by or against the Co-operative Society; and\n(h) do all other things that he considers necessary for the liquidation of the Co-operative Society and distribution of its property.",
"footnote": "",
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"sort_order": 1910
},
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}