Amendment status not verified — confirm the current text below against the official source.
Any private transfer or delivery of or encumbrance or charge on, property made or created after the issue of the certificate of the Registrar, Liquidator or Assistant Registrar, as the case may be, under section 102 shall be null and void as against the society on whose application the said certificate was issued. 104.(1) When in any execution of an order sought to be executed under section 102, any property cannot be sold for want of buyers, if such property is in occupancy of the defaulter, or of some person on his behalf, or of some person claiming under a title created by the defaulter subsequently to the issue of the certificate of the Registrar, Liquidator or the Assistant Registrar, under di a use (a) or (b) of section 102, the Court or the Collector of the Deputy Commissioner or the Registrar, as the case may be, notwithstanding anything contained in any law for the time being in force, direct that the Decision of Registrar or his nominee or board or nominees. Appeal against decision of Registrar or his nominee or board of nominee. Money how recovered. Private transfer property made issue certificate void against society. of after of Transfer or property which cannot be sold. said property or any portion thereof, shall be transferred to the society which has applied for the execution of the said order, in the manner prescribed. (2) Where property is transferred to the society under the foregoing sub-section, or where property is sold under section 102 the Court, the Collector, the Deputy Commissioner or the Registrar, as the case may be, may in accordance with rules, place the society or the purchaser, as the case may be in possession of the property transferred or sold. (3) Subject to such rules as may be made in this behalf and to any rights, encumbrances, charges or equities lawfully subsisting in favour of any person, such property or portion thereof shall be held under sub-section (1) by the said society on such terms and conditions as may be agreed upon between the Court, the Collector, the Deputy Commissioner or the Registrar, as the case may be, and the said society. Subject to the general or special orders of the State Government, the Collector, the Deputy Commissioner or the Registrar may delegate to an officer, not below the rank of a Circle Officer for the Assistant Registrar, power exercisable by the Collector, the Deputy Commissioner or the Registrar under this section. 1 OS.The Registrar may by general or special order specify the scale of fees and expenses to be paid to his nominees or the board of nominees. CHAPTER-X Liquidation