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Meghalaya Bare Acts 1950

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The Meghalaya Cooperative Societies Act, 1950 Complete Act

State : Meghalaya

Year : 1950

.....societies if the application for registration is not accompanied by a certificate of re-payment of share capital to members and certificate of satisfaction of claims to creditors referred to in clause (iv). (viii) From the date on which the new societies are registered under clause (vi) the registration of the old society shall be deemed to have been cancelled. (ix) The registration of the new societies shall be a sufficient conveyance to vest the assets and liabilities of the original society according to the aforesaid resolution in the new societies. (2) (i) Two or more registered societies may at a meeting of their respective General Assemblies specially convened for the purpose, by giving at least fifteen clear days' notice to the respective members of the societies resolve to amalgamate into one society by adopting common bye-laws. (ii) A copy of such resolution of each society shall be circulated forthwith among all members and creditors thereof. (iii) Notwithstanding any bye-laws to the contrary, any member of any such societies and notwithstanding any agreement to the contrary, any creditor of any such societies, may within a period of thirty days from the.....

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