Amendment status not verified — confirm the current text below against the official source.
Substituted by Act No.22 of 2001. [Act No.7 of 1964] 29 (vii) it shall be competent for the Registrar to allot, by order, employees of such societies which are amalgamated or divided to any society or societies; and (viii) notwithstanding anything in this Act or in any other law, or in any contract, award or any other instrument for the time being in force, the provisions of the order of the Registrar under sub-sections (2) and (3) shall 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.] (4) The Registrar may, at any time before the expiration of the period specified in clause (vi) of sub-section (3), arrange for the calling of a general meeting for the election of a new committee in such manner as may be prescribed for every such viable society 46[xxx]. 47[(5) [xxx]] 48[(6) [xxx]] (7) Notwithstanding anything in the Transfer of Property Act, 1882 or the Registration Act, 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 (2) of this section. (8) no suit or legal proceedings shall be instituted or maintained or continued in any civil court in respect of any order made under this section.]