Amendment status not verified — confirm the current text below against the official source.
Savings of existing societies: 1) Every society existing at the commencement of the Act which has been registered under the Assam Co-operative Society Act, 1949, law shall be deemed to be registered under this Act, and its Bye-Law shall, in so far as they are not inconsistent with the provisions of this Act, continue in force until altered or rescinded and shall to such extent be deemed to be registered under this Act. 633 2) All appointment, Rules and orders made, notification and notices issued, all transaction entered into and all suits and other proceedings instituted under the said Act shall continue and shall, so far as may be deemed to have been respectively made, issued entered into or instituted underthis Act. 119.Acts of societies etc. Not to be invalidated by certain defects: 1) No Act of a Registered Society or of a Managing or Controlling body or of any Officer or Liquidator done in good faith in pursuance of the business of the society shall be deemed to be invalid by reason only of some defect subsequently discovered in the organisation of the society or in the constitution of any such body or in the appointment or election of the Officer or Liquidator or on the ground that such officer or Liquidator was disqualified for appointment. 2) No act done in good faith by any person appointed under this Act shall be invalid merely by reason on the fact that his appointment has been cancelled or in consequence of any order subsequently passed under this Act. 3) The Registrar shall decide whether any act was done in good faith in pursuance of the business of society.