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
Awni Ranjan (Online Corporate Trainer ) 15 September 2024
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
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.
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.