law: Company Secretaries Act, 1980
  31. Dissolution of the Institute of Company Secretaries of India Registered Under The Companies Act
  
  
  On the commencement of this Act - 
  
  
  (a) The company known as the Institute of Company Secretaries of India 
  
  registered under the Companies Act shall stand dissolved and thereafter no 
  
  person shall make, assert or take any claims or demands or proceedings against 
  
  the dissolved company or against any officer thereof in his capacity as such 
  
  officer except in so far as may be necessary, for enforcing the provisions of 
  
  this Act; 
  
  
  (b) The right of every member to, or in respect of, the dissolved company shall 
  
  be extinguished, and thereafter no member of that company shall make, assert or 
  
  take any claims or demands or proceedings in respect of that company except as 
  
  provided in this Act.