Co-operatives Act, 2005 (Act No. 14 of 2005)RegulationsCo-operatives Administrative Regulations, 2016Chapter 2 : Winding Up and Judicial Management of Co-operativesPart A : Winding-Up of Co-operativesProvisional winding up70. Commencement of winding-up |
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. |