5. (1) Notwithstanding anything contained in the Act, registration thereunder of-
(a) all trade organisations registered otherwise than in pursuance of a licence under section 26 of the Act except the trade organisations to whom exemption has been granted under sub-section (6) of section 3;
(b) a trade organisation originally registered in pursuance of a licence which was revoked before the commencement of this Ordinance;
(c) all trade organisations whose licences stand revoked under sub-section (4) of section 3;
(d) a trade organisation whose licence has been or stands revoked under sub-section (1) of section 4; and
(e) a trade organisation, which, being entitled to make an application under sub-section (2) of section 4, has not done so or whose application thereunder has been rejected,
shall stand cancelled and the registrar shall strike off the register, and publish in the official Gazette, the names of all such trade organisations.
(2) All affairs of a trade organisation whose registration stands cancelled under sub-section (1) shall be wound up-
(a) in accordance with the provisions made in that behalf in its articles or memorandum, or
(b) in the absence of any such provision, as if a special resolution under sub-section (2) of section 203 of the Act has been passed on the date on which the registration stands cancelled that it be wound up voluntarily.
(3) No trade organisation shall function and maintain office in any form after its licence has been cancelled under this Ordinance.]