law: Cost and Works Accountants Act, 1959 
  30. Dissolution of the Institute of Cost and
  
  Works Accountants registered under the Companies Act, 1956 
  On the commencement of this Act- 
  (a) the company known as the Institute of Cost
  
  and Work Accountants registered under the Companies Act, 1956 (1 of 1956),
  
  shall be dissolved and thereafter no person shall make, assert or take any
  
  claims, demand or proceedings against the dissolved company or against any
  
  officer thereof in his capacity as such officer except insofar 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.