(1) On application
duly made under section 141, the Commissioner may, in writing, cancel the
incorporation of the association concerned if the Commissioner is satisfied
that —
(a) the
special resolution referred to in section 141(2)(b) was passed in accordance
with this Act; and
(b) the
debts and liabilities of the association have been satisfied and there is no
surplus property remaining; and
(c) all
of the requirements of this Act in respect of the association have been met.
(2) A cancellation
under subsection (1) has effect on and from a day that the Commissioner
considers appropriate and specifies in writing.
(3) The Commissioner
may cause notice of a cancellation under subsection (1) to be published in the
Gazette if the Commissioner considers that public notification of the
cancellation is desirable.