What are the measures to be adopted if the chief promoters did not deposited the amount of the share capital collected by the Chief Promoter in the bank?

Viewed 474 Times 0 Comments

The said act of the chief promoter can become the offence under section 146 of the Maharashtra co. operative societies Act, 1960. Similarly prosecution may be file in the competent court against the chief promoter with the consent of the concerned divisional joint registrar.

Was this answer helpful ? Yes(0)/ No(0)