(1) If in the course of an audit, inquiry, inspection or the winding up of a cooperative society it is found that any person, who is entrusted with the organization or management of such society or has at any time been an officer or an employee of the society has made payment contrary to this repayment to employee or officer of multi state cooperative society, the rules or the bye-laws or has caused deficiency in the assets of the society by breach of trust or willful has misappropriated or fraudulently retained any only or other belonging to such society, the Central Registrar may, of his own mate the application of the board, liquidator or any creditor, inquire hams direct any person authorized by him, by an order in writing in this inquire into the conduct of such person within a period of two years in cooperative societes registered under MSCS Act, 2002, date of the report of the audit, inspection or inquiry or the date of the winding up, as the case may be provided that where the Central Registrar is satisfied, the inquiry could not be commenced during the period of aforesaid on account of fraud or concealment of facts make, the inquiry to be made, within such period not exceeding from the date of the report of the audit or inquiry date of the order of winding up, as he may think fit. (2) Where an inquiry is made under sub-section (1), the Central. may, after giving the person concerned a reasonable opportunity heard, make an order requiring him to repay or restore the money or any part thereof, with interest at such rate, or to pay contribution are or compensation to such extent, as the Central Registrar may concise and equitable. Provided also that the functional Directors in the national multi state societies shall also be the members of the Board and such members shall be excluded for the purpose of counting the total number of Directors specified in the first proviso. The expenses for holding election by the Central Registrar shall be borne by the multi state Co-operative society. donation of amounts not exceeding five per cent of the net profits for any purpose connected with the development of co-operative movement or charitable purpose as defined in section 2 of the Charitable Endowments Act, 1890 (6 of 1890); You can finally find the much awaited piece of news on copies of bye-laws for inspection of multi state cooperative society.