Amendment status not verified — confirm the current text below against the official source.
Liquidator :– (1) Where the Registrar has made an order under Section 72 for the winding up of a Society, he may appoint a liquidator for the purpose and fix his remuneration, which shall be paid from out of the funds of the Society and may also remove any liquidator and appoint another in his place. 1[(2) A liquidator appointed under Sub-Section (1) shall forthwith take such action as may be prescribed.] (3) Where an order of winding up of a Society is cancelled by the Regis- trar under Sub-Section (3) of Section 72 or is set aside in appeal, the property, effects and actionable claims of the Society shall revest in the Society.