Amendment status not verified — confirm the current text below against the official source.
The members of a registered society shall, in the winding up of the society, jointly and severally liable to contribute towards any deficiency in the assets of the society - (a) in the case of a society with unlimited liability, without limit; and, (b) in the case of a society with limited liability, subject to such • limitation of amount as may be provided in the bye-laws. 5 of 1920 A Central Act IV of 1 ^2 Central Act IV of 1912 THE ASSAM GAZETTE, EXTRA ORDINARY, FEBRUARY 4, 2012 397 RESTRICTION ON TRANSFER OF POSSESSION OF LAND HELD UNDERA SOCIETY