Amendment status not verified — confirm the current text below against the official source.
(1) Save as exbressly provided in this Act, no Civil Court shall take cognizance of any matter connected With the Windidg up or dissolution of a society under this Act and When a Winding up order has been made no suit or other legal proceedings shall lie or be proceeded with against the society or the Liquidator, except by leaw of the Registrar, and subject to such terms as he may impose ; Provided that, where the winding up ord'er :13 cancelled, the provi- sions of this section shall cease to opefate so far as the liability of the society and of the members thereof to be sued in concerned, but they shall continue to apply to the person Who acted as Liquidator. 1H8. (l) The Liquidator shall, during his tenure of office, at such time as may be prescribed, but not less than twice each year, present to the Registrar an account in the prescribed form of hit; receipts and paymente as Liquidator. The Registrar shall cause any account to be audited: in such manner as he thinks fit ; and for the purpose of audit, the Liquidator shall furnish the Registrar With such vouchers and information as he, or the person appointed by him, may require, (2) The Liquic‘iator shall cause a summary of audited accounts to be prepared. and shall send a copy of such summary to every contri- butory. (3) The Liquidator shall pay such fees as the Registrar may direct, for the audit of the accounts and books kept by him in the manner prescribed. (4) The Liquidator shall be held liable for any irregularities which might be discovered in the. course or as a reault of audit in reepect of transactionasnbsequent to his taking over the afi'airs of the Society, and may beeproceeded against as if it were an act against which action could be. taken under section 88 : Provided that, no Such action shall be taken unless the irregularities have caused or are likely to cause loes to the society, and have occurred due to gross neg‘dgenee or wanton omission, in carrying out the duties and functions.