Chapter II- Registration of Co-operative Societies, Section 19- Cancellation of registration certificates of co-operative societies in certain cases

  1. Where the whole of the assets and liabilities of a co-operative society are transferred to another co-operative society, the registration of the first mentioned co-operative society shall stand cancelled. The society shall also be deemed to have been dissolved and cease to exist as a corporate body.
  2. Where two or more co-operative societies are amalgamated into a new co-operative society, the registration of each of the amalgamating societies shall stand cancelled on the registration of the new society. Furthermore, each society shall be deemed to have been dissolved and cease to exist as a corporate body.
  3. Where a co-operative society divides itself into two or more co-operative societies, or is divided by the Registrar, the registration of that society shall stand cancelled on the registration of the new societies. Moreover, that society shall be deemed to have been dissolved and cease to exist as a corporate body.
  4. The amalgamation and splitting of co-operative societies shall not in any manner whatsoever affect any right or obligation of the resulting co-operative society or societies. It shall not render defective any legal proceedings by or against the co-operative society or societies, and any legal proceedings that might have been continued or commenced by or against the co-operative society or societies. The proceedings may be continued or commenced by or against the resulting co-operative society or societies.
  5. Where a co-operative society has not commenced business within a reasonable time of its registration or has ceased to function, or if the Registrar is satisfied that the objectives of the society are no longer aligned with the objectives with which it was formed, he shall make an order cancelling the registration of the co-operative society. The co-operative society shall, from the date of such order of cancellation, be deemed to be dissolved and shall cease to exist as a corporate body.