Co-operative Society cannot present budget in AGM SGM
Under the DCS Rules 102(3), a co-operative Society must circulate the budget to the members of the Society and residents in advance for enhancement of any of the maintenance charges. The managing committee must give reasons for enhancement or change in the maintenance charges to enable the members of the Society to thoroughly scrutinize the change required by the committee.
The DCS Rule102(3) The maintenance charges of essential services under sub-rule (1) shall be made as a part of budget provision with the approval of the general body with a view to create a corpus fund as provided under section 81 of the Act. The committee shall be competent to review and revise the charges with the approval of the general body only where reasons for change shall have to be circulated to all the members and residents in advance.
If a committee do not circulate the budget in advance: In case a Managing Committee do not circulate the budget along with reasoning to members of the Society, any members can make a complaint to the RCS, even if the budget has been approved by the general meeting.
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