Duties of a Managing Committee

Managing Committee[MC] has to do following work from time to time for management of Society affairs.
1. To ensure to hold every month meeting of MC.
2. To raise Fund /Loan for the Society maintenance
3.To work out rate of following contribution and recommend it in General Body Meeting
   a. Sinking Fund
   b. Major Repair Fund
   c. Transfer of Flat Premium
   d. Common Electricity Charges.
   e. Service Charges
   f. Repairs & Maintenance Charges
   g. Non Occupancy Charges
   h. Parking Charges.
   i. Property Tax.
   j. Non Agricultural Tax.
   k. Water Charges.
   l. Late Payment Charges.
   m. Interest on Over Dues.
   n. Welfare Contribution. etc.
Committee prepares statement of Society Charges and place it before General Body for Approval
4. Makes decision of Investment of Fund, Utilization of Repair Fund from time to time
5. To consider and approve the expenses for the Society in last month
6. To consider and decide application of membership,associated membership and nominal membership
7. To consider nomination and revocation of nomination and record the same in minutes of MC Meeting.
8. To take care and action on Secretary Report in respect of inspection of flats.
9. To decide and consider various complaint done by the member.
10. To fix Society Charges on basis of proportion of flat area laid down in Bye-Laws.
11. To check position of recovery of Society Dues from member. To initiate action U/S 101 OF MCS ACT against default member
12. To ensure to hold AGM within the time i.e. on or before 14th August as per Bye-Laws.
13. To finalise the Agenda for AGM & SAGM
14. To call Special Annual General Meeting when it is required.
15. To keep update all Register , Records and other document which is necessary as per Bye-Laws
16. To make arrangement of Election of New Committee before expiry of the period. Submit M-20 Bond to Registrar office for New Committee member on Rs.100/- stamp paper for each committee member.
17. Secretary of the outgoing Committee shall prepare the list of papers and property of the Society in his/her custody and chairman of outgoing Committee hand over the charge of the office and all document to New Committee chairman.
18. To make selection of office bear of the Committee when it is vacant.
19. To consider resignation of a member of the MC.
20. To give document which is ask by member of the Society.
21. To consider resignation of a member of the Society.
22. To approve Investment in Bank.
23. To approve Accounts Report which is Audited.
24. To approve Audit Rectification Report on Auditor Remarks and submitting it to the Registrar
25. To operate Bank Account by joint signatures of Chairman and either by Secretary or Treasure from time to time.
26. To execute Deed of Conveyance of Land & Building in favour of the Society.
27. To take sufficient Insurance of Society Against Fire, Earthquake, flood and attacks
28. To take steps for maintenance of the Society Building.
29. To issue Show Cause Notice.
30. To give NOC for sale of Flat or give on sub-latting
31. To consider Transfer of flat application.
32. To consider Flat Mortgage application by member and give NOC for same
33. To do any other work, as per bye-Laws and Co-op law allows from time to time.
34. MC can decide for expulsion of member & can raise issue in General Body for Approval and then submitting it to the Registrar for Approval.
35. To make proposal before General Body for Amendment of Bye-Laws.
36. Call for General Body Meeting to pass Resolution for Changes of Bye-Laws as per order of the Registrar