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of <h1>Section 14: Dissolved Society's Assets Must Transfer to Another Society, Not Members; Court Decides if No Vote Reached.</h1> Section 14 of the Societies Registration Act, 1860, states that upon the dissolution of a registered society, any remaining property, after settling debts and liabilities, cannot be distributed among its members. Instead, the property must be transferred to another society, as decided by a vote of at least three-fifths of the members present, either in person or by proxy. If no decision is reached, a court will determine the recipient society. This provision does not apply to societies established by shareholder contributions resembling a Joint-stock Company.
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