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Multi-State Cooperative Societies Act, 1984


17. Cancellation of registration certificate of multi-State cooperative societies in certain cases.-

1.     Where the whole of the assets and liabilities of a multi-state cooperative society are transferred to another multi-State cooperative society or to a cooperative society in accordance with the provisions of section 14, the registration of the first mentioned multi-State cooperative society shall stand cancelled and the society shall be deemed to have been dissolved and shall cease to exist as a corporate body.

2.     Where two or more multi-State cooperative societies are amalgamated into a new multi-State cooperative society in accordance with the provisions of section 14, the registration of each of the amalgamating societies shall stand cancelled on the registration of the new society, and each of the amalgamating societies shall be deemed to have been dissolved and shall cease to exist as a corporate body.

3.     Where a multi-State cooperative society divides itself into two or more multi-State cooperative societies or two or more cooperative societies in accordance with the provisions of section 14, registration of that society shall stand cancelled on the registration of the new societies, and that society shall be deemed to have been dissolved and shall cease to exist as a corporate body.

4.     The amalgamation or division of multi-State cooperative societies shall not in any manner whatsoever effect any right or obligation of the resulting multi-State cooperative society or societies or render defective any legal proceedings by or against the multi-State cooperative society or societies, and any legal proceedings that might have been continued or commenced by or against the multi-State cooperative society or societies, as the case may be, before the amalgamation or division may be continued or commenced by or against the resulting multi-State cooperative society or societies.



Multi-State Cooperative Societies Act, 1984 Back




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