Amendment status not verified — confirm the current text below against the official source.
(1) Society not to acquire or sell of transfer immovable property without prior permission of Registrar - No immovable property shall be acquired of transferred by sale, gift or otherwise by the society without the prior permission of the Registrar in writign. 1[(2) The property acquired or transferred shall not utilised for any object other than the object of the society unless permission from the Registrar have been obtained and in case of gift written consent of the donor has also been obtained. (3) The application for permission under sub-section (1) and (2) shall be in such form with such documents together with such fee as may be prescribed. (4) Where the society violates the provision of sub- section (1) or (2), the society shall be liable to deposit such amount as may be prescribed within three months from the date of notice issued by the Registrar and if the society fails to deposit the amount within the aforesaid time, the society shall be treated as defunct under Section 34.]