Property of society how vested

The property, movable and immovable, belonging to society registered under this Act, if not, vested n trustees, shall be deemed to be vested for the time being in the governing body of the such society and in all proceedings civil and criminal, may be described as the property of the governing body of the society by their proper title. 21. (1) Society not to acquire or sell of transfer immovable property without prior permission of Registrar - No immovable property shall be acquired of transferred by sale, gift or otherwise by the society without the prior permission of the Registrar in writign. 1[(2) The property acquired or transferred shall not utilised for any object other than the object of the society unless permission from the Registrar have been obtained and in case of gift written consent of the donor has also been obtained. (3) The application for permission under sub-section (1) and (2) shall be in such form with such documents together with such fee as may be prescribed. (4) Where the society violates the provision of sub- section (1) or (2), the society shall be liable to deposit such amount as may be prescribed within three months from the date of notice issued by the Registrar and if the society fails to deposit the amount within the aforesaid time, the society shall be treated as defunct under Section 34.]

21. (1) Society not to acquire or sell of transfer immovable property without prior permission of Registrar - No immovable property shall be acquired of transferred by sale, gift or otherwise by the society without the prior permission of the Registrar in writign.

1[(2) The property acquired or transferred shall not utilised for any object other than the object of the society unless permission from the Registrar have been obtained and in case of gift written consent of the donor has also been obtained.

1. (3) The application for permission under sub-section (1) and (2) shall be in such form with such documents together with such fee as may be prescribed.
2. (4) Where the society violates the provision of sub- section (1) or (2), the society shall be liable to deposit such amount as may be prescribed within three months from the date of notice issued by the Registrar and if the society fails to deposit the amount within the aforesaid time, the society shall be treated as defunct under Section 34.]