A Society cannot charge or demand money / donation for the Cultural/Festival Expenses from their members/residents.

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A Society cannot charge or demand money / donation for the Cultural/Festival Expenses from their members/residents. The Society cannot implement such Resolution in AGM / SGM and put burden of contributing any money on all the members including the members who are not interested to participate, even though such Resolutions are passed.
For Social, Cultural or Recreational activities; Society should use the reserve fund as described in Byelaw 147(b)iii, iv and utilise it as indicated in Byelaw 5(d).
Byelaw 147(a) After providing for the interest upon any loans and deposits and after making such other deductions as required under Section 65(1) and 66 of the MCS Act 1960 and Rule 49A of MCS Rules 1961, twenty five percent (25%) of the net profit of all the business carried on by or on account of the Society, shall be placed at the credit of the RESERVE FUND of the Society.
Byelaw 147(b) The remaining seventy five percent (75%) of the net profit of the Society shall be utilised as provided under Rule 50, 51, 52, 53 of MCS Rule 1961.
Byelaw 147(b)iii To allocate to a Common Welfare Fund, such part of the profit as the Annual Meeting of the General Body may determine, to be utilised in furtherance of
Byelaw 147(b) iv the objects specified in the bye-law No. 5(d).
Byelaw 5(d) To undertake and provide for, on its own account or jointly with a cooperative or Other Institution Social, Cultural or Recreational activities.
For RESERVE FUND; Please refer Byelaw No-12
Voluntary Donations / voluntary contribution from members are acceptable.
Society can take sponsorship to conduct such events as per Byelaw 5(d).
Society can fix the number of events /festival as per the National / State Government rules. Two important events are Republic Day & Independence Day. Rest events/ festival can be decided and approved in GBM.

Comments

  1. AJSeptember 27, 2023 at 6:26 AM

    Can you quote the relevant section that says 'A Society cannot charge or demand money / donation for the Cultural/Festival Expenses from their members/residents.'

    ReplyDelete

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