Amendment status not verified — confirm the current text below against the official source.
Am endm ent o f section 67.—For following shall be substituted, namely :— “ 67. On dissolution of a society, the 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.” . ■