(1) Where the whole of the assets and liabilities of a co-operative Cancellasociety are transferred to another co-operative society in accordance with tion of the provisions of section 13, the registration of the fist-mentioned co- registraoperative society shall stand cancelled and that co-operative society shall tion certifibe deemed to have been dissolved and shall cease to exist as a corporate cates of kudy. co-operative socie-
(2) Where two or more co-operative societies are amalgamated ihto a ties ill new co-operative society in accordance with the p~.ovisior~s of secliorl 13, certain i the registration of each of the amalgamating societies shall stand cancelled cases.
,on the regi.stration of the new society, and each society sha.11 be deemed to have been dissolved and shall cease to exist as a corporate body.
(3) Where a co-operative society divides itself into two or more cooperative societies in accordance with the provisions of section 13, the registration of that society shall stand cancelled on the registration of the ncw societies and t.hat society shall be dccrned to have been dissolved and shall cease to exist as a corpol-ate body.
THE GAZETTE OF INDIA EXTRAORDINARY - . .- -.--- . .. ~~ - --- ~ ~ ~ - ~ -- . -. --- ing co-operative society or societies.
CHAPTER I11 MEMBERS OF CO-OPERATIVE SOCIETIES ANP THEIR RIGHTS AND LIABILITIES