Cancellation of registration

Corporate1960195 sections

Statutory text

(1) If a society transfers its entire assets and liabilities to any other society or merges with any other society or divides itself into two or more societies or its registration is terminated under the provisions of sub-section (1) of section 18A or the society is wound up under section 69, the Registrar shall pass an order for the cancellation of the registration of such society. The society shall be deemed to be dissolved from the date of such order of cancellation and shall not exist as a body corporate. (2) Notwithstanding anything contained in this Act, if any proceedings relating to the winding up or dissolution of a society are pending immediately before the commencement of this Act, such proceedings shall be disposed of after such commencement in accordance with the provisions of the law under which such society was registered or deemed to have been registered.

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