Upon dissolution no member to receive profit

If upon the dissolution of any society, there shall remain after the satisfaction of all its debts and liabilities any property whatsoever, the same shall not be paid to, or distributed among, the members of the said society or any of them but shall be given to some other society, to be determined by the votes of not less than three-fifths of the member present personally of proxy at the time of the dissolution or in default thereof, by the court specified in Section 34: Provided that this section shall not apply to any society which shall have been founded or establishment by the contributions of share holders in the nature of Joint Stock Company. 36. (1) Determination after dissolution that property be utilised by Government – Notwithstanding anything contained in Section 35 it shall be lawful for the members of any society dissolved under Section 34 to determine by majority of votes of the members present personally or by proxy at the time of dissolution of such society that any property whatsoever remaining after satisfaction of all its debts and liabilities shall be given to Government to be utilised for any of the purposes referred to in Section 1. 1[(2) In the event of concellation of the Registration of Society under sub-section (3) of Section 34 the movable and immovable assets of the society or its institution or centres shall vest in the State Government to the extent of assistance, grant, aid or donation that the society may have received from Central or State Government or any of the Statutory Bodies. It shall be the duty of the Collector or the District where the property is situated to take charge of the same on intimation of cancellation by the Registrar.] _______________ CHAPTER –IX Offence and Penalties

1[(2) In the event of concellation of the Registration of Society under sub-section (3) of Section 34 the movable and immovable assets of the society or its institution or centres shall vest in the State Government to the extent of assistance, grant, aid or donation that the society may have received from Central or State Government or any of the Statutory Bodies. It shall be the duty of the Collector or the District where the property is situated to take charge of the same on intimation of cancellation by the Registrar.] _______________

CHAPTER –IX Offence and Penalties