How to purchase a socieity with its assets and liabilty

ajay kumar maurya (Querist) 10 December 2015 This query is : Resolved
My state Belongs to The uttar pradesh.

One Society running a school want to sell its all the Property (Means School) with its asssets & liabulity ..

Another one Society is interested in that.

is their any one help me towered that what is the Procedure.. of the Society Merge that the fisrst society merged in the second one and the Trusstee of the first society can be make free...

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H.M.Patnaik (Expert) 11 December 2015
Dear Querist,
Normally there is a provision in the Bye-laws of registered Society that in case of winding up/ disolution of the entity , the assets & liabilities has to be transferred to any other regd. Society persuing similar objectives . This is an statutory arrangement for voluntary organisations in India.Necessary resolution have to be passed by the transferring society and taking over society for facilitating the transfer process.

ajay kumar maurya (Querist) 11 December 2015
Thank you sir

Rajendra K Goyal (Expert) 11 December 2015
Refer to the bye-laws of both the societies.

K.S.Srinivas (Expert) 14 December 2015
If bye laws of both societies permits, then ok. If not, pass resolutions in the both the societies.

T. Kalaiselvan, Advocate (Expert) 19 December 2015
Well advised by expert Mr. Patnaik, nothing more to add.

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