Effect of cancellation of registration

Where the registration of a society is cancelled by an order under section 38 or section 39 of this Act, the society shall cease to exist as a corporate body from the date on which the order takes effect, hereinafter referred to as the date of dissolution, but any privileges conferred on the society by or under sections 14, 15, 16 and 17 of the Act, shall be deemed to be vested in any liquidator appointed for that society by the