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Section 13
Trashanpatra
purchased by organized bodies
(1) The shares purchased by an organized organization shall be in the name of that organization.
(2) In the event that an organization that has purchased shares is liquidated, dissolved or merged with another organization, the said organization shall transfer the shares held in its name to the owner of such shares prior to the cancellation, dissolution or merger of such organization before the period for taking interest and interest on such shares. An application should be made to the office for the Namsari in his name.
(3) If, while examining the application received under sub-section (2), it is found to be fraudulent, the office shall issue such a deed by registered name in the name of the concerned owner.
(2) In the event that an organization that has purchased shares is liquidated, dissolved or merged with another organization, the said organization shall transfer the shares held in its name to the owner of such shares prior to the cancellation, dissolution or merger of such organization before the period for taking interest and interest on such shares. An application should be made to the office for the Namsari in his name.
(3) If, while examining the application received under sub-section (2), it is found to be fraudulent, the office shall issue such a deed by registered name in the name of the concerned owner.