Settlement of disputes, distribution of surplus, fees and recovery of dues

Corporate202563 sections14 chapters

Chapter XIV MISCELLANEOUS

Statutory text

(1) Any dispute relating to membership, including admission, termination or rights of members, shall be decided by the Registrar or such authority as may be specified under the rules and the decision of the Registrar in this regard shall be binding, subject to appeal as provided under section 49.
(2) The utilisation or distribution of any surplus, dividend or profit among the members shall be subject to the conditions and limits as may be prescribed ensuing transparency and equitable benefit-sharing.
(3) The fees payable for registration, filing of documents, inspections, certifications or any other service rendered under this Regulation shall be such as may be prescribed.
(4) Any amount due to the Government, the Registrar or the society under this Regulation, including penalties or prescribed fees, shall be recoverable as arrears of land revenue in such manner, as may be prescribed.

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