(1) Any Co-operative Society may, by a resolution
passed at general meeting by a majority of members
present and voting, promote one or more subsidiary
organizations for the furtherance of its stated objectives, and
such organizations may be registered under any law for the
time being in force, as agreed to by the general body.
(2) The annual reports and accounts of any such subsidiary organization shall be placed before the general meeting of the promoting Co-operative Society every year.
(3) Any subsidiary organization created under sub-section (1) shall exist for only as long as the general body of the Co-operative Society deems its existence necessary.
(2) The annual reports and accounts of any such subsidiary organization shall be placed before the general meeting of the promoting Co-operative Society every year.
(3) Any subsidiary organization created under sub-section (1) shall exist for only as long as the general body of the Co-operative Society deems its existence necessary.