Amendment status not verified — confirm the current text below against the official source.
Winding up, appointment of Liquidator and his powers and function: (1) When an order of cancellation of the registration of a society is made by the Registrar under Section 92, he/she may appoint any person to be the Liquidator of the society and may remove such person and appoint another in his/her place. (2) The Liquidator appointed under Sub-section (1) shall have power from the data office appointment to take immediately position of all assets, properties, effects and actionable claims of the society or to which the society is entitled and all books, records, cash and other documents pertaining to the business of the society and an the interest of the society shall hold charge of the society notwithstanding the provisions of Section 92 provided that no steps shall be taken for the winding up of the society during the pendency of any stay order. (3) The Liquidator shall, under the general control of the Registrar, have power, so far as is necessary for the winding of the society, on behalf of the society to carry on the business thereof and to do all acts and execute all documents necessary to search winding up, and in particular shall exercise the following powers: 620 (a) To institute, compromise and defend suits and other legal proceedings on behalf of the society; (B) To make any compromise or arrangement with any person between whom and the society there exists any dispute; (c) To determine the debts to the society by a member, past member or estate nominees, heirs or legal representatives of deceased members; (d) To determine from time to time the contribution to be made or remaining to be made by the members, past members or by the estate or nominees, heirs or legal representatives of deceased members or by any officers or former officers, to the assets of the society and to determine the debt due from such members or person and the cost of liquidation; (e) To calculate the cost of liquidation and determine by what persons and in what proportion they are to borne; (f) To investigate all claims against the society band subject to the provisions of this Act to decide questions of priority arising between claimants; (g) To pay claims against the society including interest up to date of cancellation of registration according to their respective priorities, if any, in full or rateably as the assets including the reserve fund of the society, permit; the surplus, if any, remaining after payment of claims being applied in payment of interest from the date of such cancellation atthe rate fixed by him but not exceeding the contract rate in any case; (h) To take steps to recover dues according to the provisions of Section 100, if necessary; and (i) To dispose of the surplus, if any, remaining after paying the claims againstthe society in accordance with Section 94. (4) Subject to the provisions of this Act and Rules made their under, a Liquidator appointed under Section 93 (1) shall, in so far as such powers are necessary for carrying out the purpose of this section, has the power to summon and enforce the attendance of witnesses and to 621 compel the production of any Books, Accounts, Documents, Securities, Cash or other properties belonging to or in the custody of the society by the same means and so far as maybe in the same manner as is provided in the case of a Civil Court under Code of Civil Procedure, 1908. (5) Notwithstanding anything contained in any law for the time being enforce, if any landed property is held by a Liquidator as such the title over the land shall be completed as soon as the mutation of the name of his office is effected and no Court shall question the title on the ground of dispossession, want of possession or physical delivery of possession.