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Awni Ranjan (Online Corporate Trainer )     15 September 2024

Resignation of treasurer from a registered housing welfare society

When a Treasurer of a Registered Housing Society resigns then what are the option available to the Ececutive Committee

Please nite that even after the resignation there are at lest 5 office bearers available that includes a joint treasurer



Learning

 6 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     15 September 2024

The executive committee must be at least 7 for the Societies Act 1860.  So the General Body members may conduct an emergency meeting to fill in the vacant posts of the Executive Body and a majority of 2/3rds or 3/5th members present can approve it.

T. Kalaiselvan, Advocate (Advocate)     16 September 2024

Society treasurers oversee all the financial records and transactions of an organisation. Like all other positions, when a treasurer resigns, it is necessary to conduct the transfer of duties properly so as not to affect other business functions.

P. Venu (Advocate)     16 September 2024

Obviously, the joint treasurer shall take over. However, there ought to be proper hand over and take over.

1 Like

Awni Ranjan (Online Corporate Trainer )     16 September 2024

Sir, Please quote action under latest Rules , Acts etc

Thanks looking into the issue

P. Venu (Advocate)     16 September 2024

You are yet to post complete facts. As such, any suggestions on the lines, as sought, isimpossible.

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     21 September 2024

When a treasurer or any other officer bearer resigns his post as treasurer or from the Managing Committee, the normal provision is that at first the remaining members should accept his resignation and then elect a new treaurer to take over the work from the resigning treasurer. If there is a provision in the byelaws the Chairman, the Secretary or another MC member can take over the position in the interim. In any case the Managing Committee as represented by the Chairman would be responsible to manage the situation.


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