6.
(1) Every society registered as a janawasa society under the Co-operative Societies Law, No. 8 of 1972, shall, with effect from the appointed date, be deemed to be registered as a Janawasa under this Law, and the by-laws of such Janawasa shall, in so far as they are not inconsistent with the express provisions of this Law, continue in force until altered OF rescinded under this Law. |
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(2) With effect from the appointed date -
| | (a) all the property held by, and | | |
| | (b) all the existing rights and liabilities under any contract or agreement of, | | |
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