Amendment status not verified — confirm the current text below against the official source.
Omitted by Orissa Act 19 of 1983, dated 11.10.1983. (b) such incidental, consequential and supplemental matters as may, in the opinion of the Registrar, be necessary to give effect to the re-organisation or amalgamation of the Society or Societies. (3) No order under Sub-Section (1) shall be made unless the Registrar– (a) has given every Society concerned an opportunity of stating its objections and suggestions on the order proposed to be made; and (b) has considered the objections and suggestions so made by every such Society, or its members, depositors, creditors, employees, or any other persons concerned, within such period, not being less than fifteen days from the date of receipt of the proposed order, as the Registrar may fix in that behalf. (4) An order issued under Sub-Section (1) shall, notwithstanding anything contained in this Act, or in any other law or in any contract, award or instruments for the time being in force, be binding on all Societies and their members, depositors, creditors, employees and other persons having any rights, assets or liabilities in relation to all or any of the concerned Societies. (5) On and from the date the re-organisation or the amalgamation takes effect, the assets and liabilities referred to therein shall stand re-organised or amalgamated, as the case may be, with the assets and liabilities of the resulting Society or Societies formed out of such re-organisation or amalgamation and the members, creditors and debtors of such Society or Societies shall be deemed to be members, creditors and debtors, as the case may be, of such resulting Society or Societies as ordered by the Registrar. (6) In case of the Society or Societies directed to be re-organised or amalgamated, the registration of the re-organised or merged Society or societies, as the case may be, shall be deemed to be cancelled from the date on which the re-organisation or amalgamation takes effect. (7) Notwithstanding anything contained in the Transfer of Property Act, 1882 (4 of 1882) or the Registration Act, 1908 (16 of 1908), an order issued under this section shall be sufficient conveyance to transfer the assets and liabilities of the Society or Societies covered by any order passed under Sub- Section (1).] 1[14-B. Special provision in respect of certain sick Societies :– 2[(1) (a) Subject to the provisions of Section 123, and notwithstanding anything to the contrary contained in any other provisions of this Act and the Rules or Bye-laws framed thereunder, or any other law, for the time being in force, where the Registrar, for reasons to be recorded, is of the opinion that a Co- operative Society in which majority of the shares have been subscribed or liabilities by way of guarantee for borrowing exceeding fifty percentum of the working capital of the Society have been undertaken by the State Government;