Unification or Division of association or society - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, March 28, 2014

Unification or Division of association or society

Unification or Division of association or society

(1) In order to merge and unify two or more associations with each other or divide one association or society into two or more associations or societies, a two-thirds majority of the general meeting of the concerned association or society has to make a decision to that effect. Such decision shall also set out the terms and procedures of unification and division.

(2) The Registrar shall be based on the decision as referred to in Sub-section (1), unify or divide the concerned association or society.

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