The Tribunal may order that a co-operative be wound up if—
(a) | the co-operative has more than once been convicted of an offence in terms of section 19(4); |
(b) | for a continuous period of two years, the co-operative has not— |
(iii) | held annual general meetings; |
(c) | the co-operative was formed for a particular period or for the occurrence of a particular event and that period has expired or that event has occurred; |
(d) | after an investigation, the Tribunal is of the opinion that the incorporation of the co-operative was obtained through fraud or was not fully in compliance with this Act; or |
(e) | after receiving written affidavits from members of the co-operative or after an investigation, the Tribunal is of the opinion that the co-operative does not carry out its objectives according to co-operative principles as required by this Act. |
[Section 72B inserted by section 57 of Notice No. 558, GG 36729, dated 5 August 2013]