CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 16 Day on which transfer of engagements takes effect
CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 16
Day on which transfer of engagements takes effectS. 16(1) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 6).
(1) The society directed to transfer its engagements, and the society the board of which has consented to the transfer, must apply to the Registrar for a certificate confirming the transfer—
(a) within the time specified in the direction; and
S. 16(1)(b) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 6).
(b) in the way and form required by the Registrar.
S. 16(2) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 6).
(2) Unless the Registrar is satisfied that there is good reason for refusing the application, the Registrar must issue a certificate confirming the transfer of engagements.
(3) The transfer of engagements takes effect on the issue of the certificate under subsection (2).
S. 16(4) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 6).
(4) The society directed to transfer its engagements must surrender its certificate of incorporation to the Registrar and the Registrar must cancel the registration of the society.
S. 17 substituted by No. 48/1992 s. 96.