Question

If a cooperative’s core objective becomes impossible to achieve and no lawful alteration of by-laws can remedy it, Section 15 of KCS Act permits:

• A. Voluntary winding up of the cooperative society
• B. Compulsory winding up by the Registrar of Cooperative Societies
• C. Cancellation of registration for impossibility or failure of substratum
• D. Amalgamation with another cooperative society

Answer 1

Answer:

C. Cancellation of registration for impossibility or failure of substratum

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