law: Multi-State Cooperative Societies Act, 1984 
  73. Repayment, etc.- 
  1.     
  
    If
  
  in the course of an audit, inquiry, inspection or the winding up of a
  
  multi-State cooperative society, it is found that any person, who is or was
  
  entrusted with the organisation or management of such society or who is or has
  
  at any time been an officer or an employee of the society, has made any payment
  
  contrary to this Act, the rules or the bye-laws or has caused any deficiency in
  
  the assets of the society by breach of trust or willful negligence or has
  
  misappropriated or fraudulently retained any money or other property belonging
  
  to such society, the Central Registrar may, of his own motion or on the
  
  application of the board, liquidator any creditor, inquire himself or direct
  
  any person authorised by him, by an order in writing in this behalf, to inquire
  
  into the conduct of such person within a period of two years from the date of
  
  the report of the audit, inspection or inquiry or the date of the order of
  
  winding up, as the case may be;
  Provided that  where the Central
  
  Registrar is satisfied that such inquiry could not be commenced during the
  
  period of two years aforesaid on account of fraud or concealment of facts make,
  
  or direct the inquiry to be made, with such period not exceeding six years from
  
  the date of the audit, inspection or the inquiry or the date of the order of
  
  winding up, as he may think fit.
  1.     
  
  
  2.     
  
    Where
  
  an inquiry is made under sub-section (1), the Central Registrar may, after
  
  giving the person concerned a reasonable opportunity of being heard, make an
  
  order requiring him to repay or restore the money or property or any part
  
  thereof, with interest at such rate, or to pay contribution and cost or
  
  compensation to such extent, as the Central Registrar may consider just and
  
  equitable.