(1) The Registrar may
give written notice to a foreign co-operative requiring it to show cause (a
show cause notice ), within the period specified in the notice, why its
authority to carry on business in this State should not be withdrawn on any
one or more of the following grounds —
(a) that
the name under which the co-operative carries on business or proposes to carry
on business in this State does not comply with this Division;
(b) that
any of the statements, documents or information notified or lodged by the
co-operative under this Division are materially false or misleading;
(c) that
the circumstances of the co-operative have materially changed since the date
the notice under section 372 was lodged by the co-operative;
(d) that
the co-operative has, after notice from the Registrar, failed to comply with
provisions of this Act applicable to the co-operative or provisions of the
rules of the co-operative.
(2) A show cause
notice may be given if the Registrar considers that there are reasonable
grounds to do so.
(3) The show cause
notice must specify the period, being at least 14 days, within which it
must be complied with.
(4) The foreign
co-operative may, within the period specified in the show cause notice, make
oral or written submissions to the Registrar and provide evidence with respect
to any of the matters to which the notice relates.
(5) The Registrar must
consider any submissions made, or evidence adduced, in compliance with
subsection (4) and may, if the Registrar is satisfied that any of the
grounds referred to in subsection (1) has been established in relation to
the foreign co-operative, give the co-operative a written notice withdrawing
its authority to carry on business in this State.
(6) The Registrar may
withdraw a show cause notice or other notice given under this section.