Balance Sheet and annual list of governing body to be filed with the Registrar

Balance Sheet and annual list of governing body to be filed with the Registrar.—Within twenty one days of each annual general body meeting of a society there shall be filed with the Registrar a list of names, addresses and occupation of the members of the governing body entrusted with the management of the affairs of the society and a copy of the balance sheet and income and expenditure account certified by the auditor under section 18: Provided that, for any sufficient reason if a society has not filed the list of members of governing body and a copy of balance sheet and income and expenditure account within twenty one days of annual general body meeting of the society, it may make an application to the Registrar to condone the delay and permit to file the records, and the Registrar may, if he is satisfied that there are sufficient cause for the delay in filing such records, condone the delay and permit the society by order to file such records subject to payment of fine, as may be prescribed, and where no sufficient reasons are shown, he may, after giving an opportunity of being heard to the society, reject the application and return such records to the society: Provided further that, where a society has failed to file such records for a consecutive period of five years, the Registrar may, after giving a reasonable opportunity of being heard to the society, pass an order cancelling the registration or allow to continue operation of such society and in the case of cancellation of the society, and thereupon the assets of the society shall be distributed, and the liabilities discharged in the same manner as if the society had been dissolved under section 30. Explanation.— For the purpose of this proviso, where the application filed by a society to condone the delay in filing records for any year is rejected and the records are returned under the first proviso, such society shall be deemed to have failed to file records for that year.