https://www.taxtmi.com/acts?id=15319 No multi State co operative society with unlimited liability may be registered after commencement; existing unlimited liability societies must elect to continue or convert to limited liability under the Act. A society may amend its bye laws to change liability; after a resolution it must notify members and creditors who have a notice period option to withdraw shares, deposits or loans, and those who fail to do so are deemed to assent. The amendment will not be registered or take effect until unanimous assent of members and creditors is obtained or all claims of withdrawing parties are fully met or satisfied. en-us Wed, 21 Sep 2011 12:15:50 +0530 Fri, 05 Jul 2024 13:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15319 No multi State co operative society with unlimited liability may be registered after commencement; existing unlimited liability societies must elect to continue or convert to limited liability under the Act. A society may amend its bye laws to change liability; after a resolution it must notify members and creditors who have a notice period option to withdraw shares, deposits or loans, and those who fail to do so are deemed to assent. The amendment will not be registered or take effect until unanimous assent of members and creditors is obtained or all claims of withdrawing parties are fully met or satisfied. Act-Rules Trust and Society Wed, 21 Sep 2011 12:15:50 +0530 https://www.taxtmi.com/acts?id=15319