19. Amendment to Byelaws

The byelaws may be amended by the Association in a duly constituted meeting of the General Body. No amendment shall take effect unless approved by three-fourths of the members present and voting in the meeting. It shall also be notified to the Registrar of Societies immediately.

Any other matter, not specifically stated herein, the provisions of the various sections of the Tamil Nadu Societies Registration Act, 1975 and the Rules framed there under shall apply.

20. Dissolution

The Association may, by special resolution, determine that it shall be dissolved and thereupon it shall stand dissolved forthwith. The Association shall stand dissolved as per the procedures laid down in sections 41 and 42 of the Tamilnadu Societies Registration Act 27 of 1975, as amended from time to time, and the Tamilnadu Apartment Ownership Act of 1994. If upon dissolution and after satisfaction of all the debts and liabilities of the Association, assets, if any, remaining in its name shall not be distributed to the members but shall be passed on to another registered body, having the same or similar objectives, as may be determined by the Association.