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

70. Commencement of winding-up
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The winding-up of a co-operative will be deemed to commence—

(a)in the case of a voluntary winding-up, at the time when the special resolution authorizing the winding-up is registered by the registrar; and
(b)in the case of a winding-up by an order of the court or the Tribunal, at the time when a final order that the co-operative be wound up is issued by the court or the Tribunal.