"Shiksha Samiti" a registered society under Society Act, 1860 has been properly dissolved. It has a surplus assets. Certain members of the society desire, it should be distributed equitably among all members. Advise, acc
CS Executive · Economic and Commercial Laws · PYQS · June 2019
"Shiksha Samiti" a registered society under Society Act, 1860 has been properly dissolved. It has a surplus assets. Certain members of the society desire, it should be distributed equitably among all members. Advise, according to law relating to Societies Act, 1860.
Answer & Explanation:
Dissolution of a society results in cessation of its activities. Its liabilities are to be settled suitably and its surplus assets are to be given to another society or the Government in terms of its rules and regulations. If the rules do not provide in the matter, the governing body of the society shall take appropriate steps with requisite majority vote or as directed by the Registrar or the Court. But in no circumstances, the surplus assets of the dissolved society can be paid or distributed amongst its members or any of them. In view of the above it is clear that members of the "Shiksha Samiti" are not eligible for surplus assets of the society.
Topics: Societies Registration Act, 1860
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