Unlike under the provisions of the Companies Act, of 1956, there is no such restriction under the provisions of the Maharashtra Co-operative Societies Act, of 1960 that a shareholder or a member cannot perform financial activities or become an accountant of a cooperative society.
Solve all your property queries from the experts at NoBroker hereTherefore, in the absence of any such bar, a member of a cooperative housing society can become an accountant of the society in which he is a member, but he should not be a part of its managing committee or sub-committee because in that case, he would be reporting inter alia on his own actions and inactions.
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Can the managing committee appoint an accountant who is also a member of the same society?
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2023-02-14T09:47:13+00:00 2023-02-14T10:04:35+00:00Comment
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