Short Answer

Yes, the Registrar can attach the society's assets for a member's claim.

Detailed Explanation

Section 70 of the Gujarat Cooperative Societies Act, 1961 empowers the Registrar to attach the assets of a society for satisfying the claims of its members. This means that if a member has a legitimate claim against the society, the Registrar can take action to attach the society's assets to fulfill that claim. In practice, this provision acts as a safeguard for members to ensure that their rights are protected and they can seek recourse if the society fails to fulfill its obligations.

In real-world scenarios, if a member has a financial dispute with the society and the society is unable or unwilling to settle the claim, the member can approach the Registrar for intervention. The Registrar, upon verifying the validity of the claim, can order the attachment of the society's assets to settle the member's claim. This process ensures that members have a legal remedy to recover their dues from the society.

One practical example could be a situation where a member has deposited a substantial amount with the society for a housing project, but the project gets delayed indefinitely. If the society refuses to refund the member's money, the member can file a complaint with the Registrar. Upon investigation and confirmation of the claim, the Registrar can attach the society's assets to compensate the member for the financial loss suffered.

Another scenario could involve a member who has provided a loan to the society for operational purposes but the society defaults on repayment. In such a case, the member can seek redress by approaching the Registrar, who has the authority to attach the society's assets to recover the outstanding loan amount.

Overall, Section 70 of the Gujarat Cooperative Societies Act, 1961 ensures that members have a legal recourse to protect their interests and recover their rightful claims from the society by allowing the Registrar to attach the society's assets if necessary.

References

• Section 70 of the Gujarat Cooperative Societies Act, 1961: Official PDF