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Section 30: Dissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956.

The Cost Accountants Act, 1959Central Act · Act 23 of 1959

On the commencement of this Act,--

(a) the company known as the Institute of Cost and Works Accountants registered under the Companies Act, 1956 (1 of 1956), shall be dissolved and thereafter no person shall make, assert or take any claims, demands or proceedings against the dissolved company or against any officer thereof in his capacity as such officer except in so far as may be necessary, for enforcing the provisions of this Act;

(b) the right of every member to or in respect of the dissolved company shall be extinguished, and thereafter no member of that company shall make, assert or take any claims or demands or proceedings in respect of that company except as provided in this Act.

Where this provision sits

ActThe Cost Accountants Act, 1959
Section30
Marginal noteDissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956.
JurisdictionCentral
StatusIn force as published by the source

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