Applied by the powers of liquidator for credit cooperative society after consulting members, for contribution to National Defenses Fund or to Education Fund referred to inns; any other charitable purpose or local objects of public utility subject to the approval of the Central Registrar(a) In the case of winding up of a multi state cooperative society, the reserve fund and the other funds of the multi state society shall be applied first in discharge of the liabilities of the multi state cooperative society in accordance with the priority specified in items (i) to (vi) below :- (i) salary and wages or other payments, if any, due to the employees of the multi state cooperative society ; (ii) security deposits of staff, if any; (iii) borrowings held from Government or on the guarantee of Government, if any ; (iv) deposits of non-members, if any ; (v) loans; if any; and (vi) deposits of members, if any. (b) The balance, if any, after discharging the liabilities mentioned in Clause (a) shall be applied to the re-payment of the paid-up share capital and thereafter to the payment of dividend where it has, not been paid. (c) Notwithstanding anything contained in Clause (b), no dividend shall be paid if the bye-laws of the multi state society do not provide for payment of dividend. to determine from time to time the contribution (including debts due and costs of liquidation) to be made or remaining to be made by the members or past members or by the estates or nominees, heirs or legal representatives of deceased members or by any officers or former officers, to the assets of the multi state cooperative societies; For the purposes of this Act, a society shall be deemed to control a body corporate or body union corporate if, and only if, the society is in a position to determine or govern the financial and operating policies of the body corporate or body unincorporated. The Minister may appoint a Registrar of co-operative societies, Assistant Registrar for registration of cooperative society in Delhi and such other officers as he thinks necessary for the administration of this Act.