The Assam Co-operative Societies (Amendment) Act, 1954
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### r y- - |fc ASSAM ACT XIX OF 1954

THE ASSAM CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 1954

(Passed by the Assembly)

IK

**(Received the assent o f the Governor o f A ssam on the 28th May 1954)**

[Published in the _Assam Gazette, dated the 9th June 1954]_

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_An_

_Act_

K:
### I further to amend the Assam Co-operative Societies Act, 1949 I Preamble.— Whereas it is expedient further to amend the Assam Co-
t operative Societies Act, 1949 (Assam Act I of 1950), hereinafter called the

principal Act, in the manner hereinafter appearing ;

| It is hereby enacted as follows:—

fesi.

I. **Short title, extent and com m encem ent.—** (1) This Act may be called
the Assam Co-operative Societies (Amendment) Act, 1954.

(2) It shall have the like extent as the principal Act.
(3) It shall come into force at once.“ Such expenses shall at the first instance be met from the grant under the

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the society concerned along with the audit2. **Am endm ent o f section 56.—-In section 56 of the principal Act, the fees”.**

?. following shall be added at the end, namely :—.......

St. 3. **Am endm ent o f section** 67.—For section 67 of the principal Act, the~

Head ‘Contingencies’ by the Registrar and shall be re-imbursed later on fromfollowing shall be substituted, namely :—

“ 67. On dissolution of a society, the reserved fund and any undisbursed

cash in hand shall be applied to discharging liabilities of the society and the
repayment of the share capital. Any sum that may remain may be applied to

such object of local and public utility as may be selected by the members of the
dissolved society and approved by the Registrar. If, within three months of the

notice published in the official gazette under section 68, notifying the closing of
the liquidation proceedings of the society, the members fail to select an object as

_I aforesaid, the Registrar shall, with the approval of Government, apply the! fund to_

L such local public utility as may be determined by him or credit the remain­
ing sum to the reserve fund of a society, to be formed to replace the

dissolved society or if there be no such society to any other deserving

society existing within the same area of operation and having objects similar

to those of the dissolved society or if there be no such society to any other regis­
tered society in Assam, as may be determined by the Registrar.”

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**4. A m endm ent o f section 68.—** In section 68 of the principal Act, the

following words shall be added at the end after deleting the full stop,

namely:—

“ and the Registrar shall issue a notice in the official Gazette, notifying

the closing of the liquidation proceedings of the society.”


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