Related to takeover of society by trust

harshada sangare (Querist) 27 November 2013 This query is : Resolved
Please let me know Can Trust incorporated under Bombay Public Trust Act 1950 takeover society which is registered under co-operative society act??and if yes then what is procedure for such takeover?
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R.K Nanda (Expert) 28 November 2013
why u want to take over?

T. Kalaiselvan, Advocate (Expert) 29 November 2013
A society registered under Societies Act will remain a society but if it is under a Trust deed,the bye laws of the trust will prevail.

harshada sangare (Querist) 02 December 2013
sir i am a CA student,and the same type of case came to my firm so i want to know procedure regarding this ...

harshada sangare (Querist) 02 December 2013
what is happening with the memeber after such takeover and after that under which act such trust get audit??

Hemant Agarwal (Expert) 06 December 2013
1. Bombay Public Trust Act
2. Indian Societies Act
3. Maharashtra Cooperative Society's Act

All the above acts are independent. A Cooperative Society is an autonomous body, as declared under the 97th constitutional amendent. Thus it cannot be taken over. However it can be liquidated and deregistered.

Keep Smiling .... Hemant Agarwal
http://hemantagarwal21.blogspot.in/?view=sidebar

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