Section 112:
Presumptions to be drawn where minutes duly drawn and signed.
Where minutes of the
proceedings of any general meeting of the multi-State co-operative society or of any meeting of its board
or a committee of the board have been kept in accordance with the provisions of section 110, then, until
the contrary is proved, the meeting shall be deemed to have been duly called and held, and all proceedings
thereat to have duly taken place, and in particular, all appointments of directors or liquidators made at the
meeting shall be deemed to be valid.