Question

Under Section 10(3) of Kerala Co-operative Societies Act, what happens to the rights and obligations of a society after changing its name?

• A. The society's assets are transferred to the government.
• B. The society is dissolved and a new one is formed.
• C. The rights and obligations are transferred to the new name only.
• D. They remain unaffected

Answer 1

Answer:

D. They remain unaffected

Sec 10 : Change Name of Society

• Sec 10(1)A Co-operative Society can change its name by an amendment to its Byelaws by 2/3rd majority of members present and voting.

• Sec10(2) Where the Society change its name, the Registrar shall enter the new name in the Register of Registered Cooperative Societies Form no.4 in the place of former name and amend the certificate of registration accordingly.

• Sec 10(3) The change in the name of a cooperative society shall not affect any rights ,obligations or legal proceedings against the society.

• If any legal proceedings which might have been continued or commencement by or against the society by its former name may be continued or commence by its new name.