Amendment of section 86

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..... sub-section (2), (i) for clause (a), the following clause shall be substituted, namely: (a) where the number of members or the number of societies or the number of persons, as the case may be, has at any time reduced below the number of members or societies or persons as specified in sub-section (2) of section 6: Provided that the multi-State co-operative society shall be given six months time to .....

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..... so apply. . (d) in sub-section (6), the following shall be inserted, namely: Provided that prior to winding up, no objection from the institutional lenders, who have outstanding loans from the society, shall be required in writing. Explanation. For the purposes of this proviso, the expression institutional lenders includes banks, savings and loan association, trust company, insurance company, real .....

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