Co‑operative societies functioning immediately before reorganisation of States.

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..... ioning immediately before reorganisation of States . 103. (1) Where, by virtue of the provisions of Part II of the State Reorganisation Act, 1956 (37 of 1956) or any other enactment relating to reorganisation of States, any co‑operative society which immediately before the day on which the reorganisation takes place, had its objects confined to one State becomes, as from that day, a mu .....

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..... l body of that society, held in such manner as may be prescribed, a scheme for the reconstitution or reorganisation, including proposals regarding ( a ) the formation of new multi‑State co‑operative societies and the transfer thereto in whole or in part, of the assets and liabilities of that society; or ( b ) the transfer, in whole or in part, of the assets and liabiliti .....

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..... (4) If the scheme is not sanctioned under sub‑section (3), the Central Registrar or the authorised officer may refer the scheme to such Judge of the appropriate High Court, as may be nominated in this behalf by the Chief Justice thereof, and the decision of that Judge in regard to the scheme shall be final and shall be binding on all the societies affected by the scheme as well as the shareh .....

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