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Oil Technologists' Association of India

Dissolution 


  • 16.1 The Association shall be dissolved if a resolution to that effect is passed at a General Body Meeting, specifically convened to consider the matter, by at least three-fourths of the membership-number entitled to vote. Postal ballot votes will also be given consideration.

    16.2 If, upon the dissolution of the Association, there shall remain, after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among the members of this Association, but shall be given to some other society to be determined by votes of not less than three fourths of the members present or by proxy at the time of dissolution or in default thereof by the Court.

     




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