Question

After the affairs of the society has been wound up the liquidator has to keep all the books and records in his office for

• A. 2 Years
• B. 3 Years
• C. 5 Years
• D. 7 Years

Answer 1

Answer:

B. 3 Years

A Co-operative Society is a business entity, but there might come a situation in its career when its business may close down or fail and its assets that it owns may have to be apportioned in order to set off its liabilities.