(1) A society may, by resolution passed at a general meeting, and with the approval of the Registrar, changes its name; but such change shall not affect any right or obligation of the society, or any of its members, or part members, or deceased members; and any legal proceedings pending before any person, authority or court may be continued by or against the society, under its new name.
(2) Where a society changes its name, the Registrar shall enter the new name in its place in the register of societies, and shall also amend the certificate of registration accordingly.
16.(1) Subject to the provisions of this Act and the Rules, a society may by amendment of its bye-laws, change the form of extent of its liability.
(2) When a society has passed a resolution to change the form of extent of its liability, it shall give notice thereof in writing to all its members and creditors and, notwithstanding anything in any byelaw or contract to the contrary, any member or creditor shall during a period of one month from the date of service of such notice upon him have the option of withdrawing his shares, deposits or loans.
(3) Any member of creditor who does not exercise his option within the period specified in sub-section (2), shall be deemed to have assented to the change.
(4) An amendment of bye-laws of a society, changing the form or event of its liability, shall not be registered or take effect until, either - a) all members and creditors have assented, or deemed to have assented, thereto as aforesaid; or b) all claims of members and creditors who exercise the option, given by sub-section
(2), within the period specified therein, have been met in full or otherwise satisfied.