Co-operatives Act, 2005 (Act No. 14 of 2005)Chapter 8 : Amalgamation, Division, Conversion and Transfer65. Registration of property upon amalgamation, division, conversion or transfer |
| (1) | Any property or right which vests in a co-operative or a corporate body by virtue of any provision of this Chapter must be transferred to the co-operative or corporate body, as the case may be, without payment of transfer duty, stamp duty or any other fee or charge. |
| (2) | On submission of a certificate of amalgamation, division, conversion or transfer, as the case may be, the registrar of deeds must endorse and make entries in the relevant register, title deed or other document in his or her office or laid before him or her, to register the property or right in the name of the co-operative or corporate body concerned. |