Fund-raising Act, 1978 (Act No. 107 of 1978)

Chapter 1 : Collection of Contributions by Fund-raising Organizations, other Organizations and Persons

13. Procedure on lapsing or withdrawal of authority or registration certificate, on dissolution of organizations or branches or on discontinuance by holder of his activities
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(1) If any authority or temporary authority or registration certificate lapses or is withdrawn in terms of this Act or if a fund-raising organization or registered branch is dissolved in terms of the provisions of its constitution or in terms of this Act or if such organization or branch or any holder discontinues its or his activities the management of such organization or branch or the holder concerned shall, within the prescribed period—
(a) submit to the Director the prescribed returns, statements, liquidation and distribution account and such information as the Director may demand;
(b) dispose of the records and documents of such fund-raising organization or registered branch or holder in such manner as the Director may determine.

 

(2) The liquidation and distribution account referred to in subsection (1)(a) shall, in the case of a fund-raising organization, give effect as far as possible to the provisions of the constitution of such organization in so far as it relates to the disposal of the assets of the organization on the dissolution of the organization,

 

(3) The liquidation and distribution account referred to in subsection (1)(a) shall lie for inspection as prescribed,

 

(4)
(a) If a temporary authority is withdrawn in terms of this Act or if any surplus moneys or securities remain after the object for which the temporary authority has been granted, has been achieved, any contributions collected in terms of such authority and the surplus shall be disposed of in the manner determined by the Minister.
(b) In the disposal of any contribution or surplus in terms of paragraph (a), the objects in respect of which the temporary authority was granted, shall be taken into consideration.