Govt winds up JAKFED

KT NEWS SERVICE. Dated: 10/17/2019 8:22:42 AM

JAMMU, Oct 16: The state government on Wednesday ordered winding up of ailing Jammu and Kashmir Cooperative Supply and Marketing Federation (JAKFED) Limited after thirty years of operation in the state.
The Registrar, Cooperative Societies, J&K issued an order for winding up the federation.
“In exercise of power vested under sub-section (1) of section 47 of the Jammu and Kashmir Cooperative Societies Act, 1989, sanction is hereby accorded to the winding up of JAKFED registered under the provisions of Jammu and Kashmir Cooperative Societies, 1989,” the order from the Registrar said.

 

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