When I finally managed to talk to a lawyer friend, who had dealt with a society dissolving before, about the issue of the BNWs submitting their dissolution application to the ROS long after 14 days had passed from March 9th, he threw me a very cryptic question :-
The date they decided to dissolve was March 9th. What was the effective date of dissolution?
He mentioned that when dissolving a society, the society’s bank account needs to be brought down to zero and closed. This takes time, so he doubts very much that it could have been the same day.
I leave it up to you all to decide what this could mean.
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May 9, 2008 at 5:38 am |
It is not necessarily 14 days notice.
As long as the total number of members are present in the meeting, and they agree to waive the requirement of notice of the dissolution, then they may allow to carry on the meeting.
Minority: Thanks for the comment! Though I believe this comment has more to do with whether a 14-day notice of an EGM to dissolve the society was needed or not.
May 10, 2008 at 6:50 am |
When PBT donated all the monies to BAKTI and the other charitable organisations, the society’s bank account is ZERO and when you account is zero it is automatically closed.