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Home Cooperative Queries

Can an expired MC conduct AGM?

Ajay Jha by Ajay Jha
May 19, 2014
in Cooperative Queries
1
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C M Saldanha

I have been reading your views and advices to queries.

Our Society MC term expired 8th August 2013. Owing to constant changes following 97th constitutional amendment and uncertainty over how elections can be conducted around Dec 2014, the following doubts have arisen in members minds.

Can MC being legally out of office and in strict titular (nominal with no powers) or caretaker position conduct AGM for accounting year 2012-2013, at this point in time. Members have sought audited accounts as at that date which should have been provided under simple cover letter pending new MC conducting AGM post elections. 2013-2014 accounts are also due.

Society is already controversy ridden with Chairman running several business in name of society in contravention of MCS Act and model bye-laws. Business as appointing himself Manager and as cheque signatory collecting salary of about 12,000-, running and benefiting from security agency, appointing favoured contractor to undertake buildings repairs besides being involved as real estate broker in leave and license and property transfer all in violation of rules and regulations. No bye-laws have ever been amended.

Other activities involved in by said person are too lengthy and embarrassing to narrate.

Said person has now written to Dy Registrar to conduct AGM knowing fully well that only new incoming MC can do so. Acknowledgment showing 20- stamp fee being displayed on notice board.

Your kind opinion will be much appreciated.

I C Naik

These questions can be answered only if following information are supplied

Name of the State and year.in which it is registered

Class of the Society- Housing or any other

Answers are attempted with assumptions provided there is enough information to make fairly accurate assumptions.

Tags: AGMCooperative Querycooperative societyexpired MC
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Comments 1

  1. C.M. Saldanha says:
    12 years ago

    I am providing desired information, as requested.

    (1) Mumbai (Maharashtra).
    Society was registered March 2005, Developer handed over Society to provisional MC in
    September, 2007. First AGM was held August, 2008.

    (2) Co-operative Housing Society.

    Other:

    Prescribed Model Bye-Laws as per 97th Constitutional Amendment (Feb. 2013) were adopted end April, 2013, at SGBM called for the purpose. This was based on Dy. Registrar circular dt. 01/04/2013. No draft minutes were released to members since.

    Above referred letter by Chairman to Dy Registrar states as accounts for 2012-13 accounting year have just been finalised AGM should now be held for that year as per unofficial meeting with some members. Said letter misleads that Society has adopted new bye-laws.

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