LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Dinesh Kargutkar (Finance Exec-Treasurer of CHS)     01 February 2012

Limit for expneses by secretary of co-op hsg society....

 

What is the limit of amount MC can spend without General Body’s or MC consent & approval.?

What is the limit of amount MC can spend without Inviting competitive tenders from different vendors ?
In case any member has raised an objection for certain work carried out by the MC, without approval or discussions in general meeting., has the MC got the power to continue the work ?

I have written an objection letter to our societies secretary as MC members on their own started beautification of the society including the pillars on the ground. But the work continued, and the secretary has replied me that the MC has the power to spend the money from 50,000/- to 1,00,000/- Is it justified ?



Learning

 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register