A Caretaking Managing committee is a temporary committee that is appointed by the Registrar of Cooperative Societies or the General Body of a housing society when the regular Managing committee is dissolved, suspended, or fails to function properly. The Caretaking Managing committee’s functions are to manage the affairs of the society until a new Managing committee is elected, and to ensure that the society complies with the provisions of the Cooperative Societies Act and Rules, and the bye-laws of the society.
Some of the specific functions of a Caretaking Managing committee are:
To maintain the accounts and records of the society and submit them to the Registrar or the General Body as required.
To collect the dues and charges from the members and pay the expenses and liabilities of the society.
To convene and conduct the meetings of the General Body and prepare the agenda and minutes of the meetings.
To implement the resolutions and decisions of the General Body and report any difficulties or obstacles to the Registrar or the General Body.
To safeguard and protect the assets and properties of the society and prevent any misuse or encroachment.
To carry out any other duties or functions that may be assigned by the Registrar or the General Body in the interest of the society.
However, a Caretaking Managing committee does not have the authority to take any major or irreversible decisions that may affect the rights and interests of the members or the future of the society, such as selling or mortgaging the property, entering into a redevelopment agreement, amending the bye-laws, etc. Such decisions can only be taken by a duly elected Managing committee with the consent of the General Body and the approval of the Registrar. A Caretaking Managing committee is also bound by a time limit, usually six months, within which it has to conduct fresh elections for a new Managing committee.
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What are the Caretaking Managing committee's functions?
Dilip Khavnekar
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2 Year
2023-09-17T20:16:20+00:00 2023-09-20T10:09:19+00:00Comment
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