The Maharashtra Cooperative Societies Rule 1961
MCS Rule Forms
Form 'H' Application for reconstruction of a society
See Rule 18(1)
To,
The Registrar of Co-operative Societies,
The Registrar of Co-operative Societies,
In the special general meeting of.................................................. Society
at................................... Taluka.................... .....District ....................... called for the
purpose of reconstruction of the society, the society has approved a compromise/
arrangement with its creditors and/or members on the following lines:-
A detailed scheme worked out on the above lines is enclosed with a copy of the resolution passed by the special general meeting of the society referred to above.
We would request that the scheme of reconstruction of the society may please be approved and orders issued to that effect.
(1) By reducing the claims of creditors;
(2) By reducing the value of the share capital;
(3) By revaluation of assets.
(2) By reducing the value of the share capital;
(3) By revaluation of assets.
A detailed scheme worked out on the above lines is enclosed with a copy of the resolution passed by the special general meeting of the society referred to above.
We would request that the scheme of reconstruction of the society may please be approved and orders issued to that effect.
Chairman/Member/Creditor/Liquidator,
................................................................ Society
Disclaimer: We have converted the Cooperative Housing Society bye-laws, Maharashtra Cooperative Societies Act and Maharashtra Cooperative Societies Rules in web format so that the readers can quickly search the relevant section / bye-law / rule no. We are trying to update it as much as possible. In the event you notice any discrepancy do message us on our twitter account @mysocietyclub with the page link.
