{"id":1760,"date":"2021-05-29T12:21:49","date_gmt":"2021-05-29T12:21:49","guid":{"rendered":"https:\/\/www.dearsociety.in\/post\/?p=1760"},"modified":"2022-12-16T14:41:42","modified_gmt":"2022-12-16T14:41:42","slug":"important-points-about-agm","status":"publish","type":"post","link":"https:\/\/www.dearsociety.in\/post\/2021\/05\/29\/important-points-about-agm\/","title":{"rendered":"Important points about AGM"},"content":{"rendered":"<h4 style=\"text-align: center;\"><u><a href=\"https:\/\/www.dearsociety.in\/post\/2019\/01\/09\/agm101\/\"><strong>Read in Marathi<\/strong><\/a><\/u><\/h4>\n<p>&nbsp;<\/p>\n<h4 style=\"background-color: #3e830c; color: #fff; padding: 10px; font-weight: bold;\">Crucial information related to the Society AGM Meeting Rules:<\/h4>\n<p>\u2022 The audit shall be done within four months from the 31st March, i.e. by 31st July.<br \/>\n\u2022 The Annual General Meeting should be held before September 30.<br \/>\n\u2022 If the committee fails to call a meeting by September 30 then the registrar has the authority to call a meeting.<br \/>\n\u2022 The committee shall decide the date, time and place of Annual General Meeting of the Society and the business to be transacted thereat.<br \/>\n\u2022 When the annual meeting is decided to be held, the notice of the meeting should be issued to the members or delivered to them via post or email. Also notice should be put on the society&#8217;s notice board.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.dearsociety.in\/post\/2021\/05\/26\/housing-society-audits\/\">You may like this :\u00a0<strong><u>Housing Society Audit!<u><\/u><\/u><\/strong><\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1951\" src=\"https:\/\/www.dearsociety.in\/post\/wp-content\/uploads\/2021\/06\/add-to-blog-3-300x53.jpg\" alt=\"\" width=\"872\" height=\"154\" srcset=\"https:\/\/www.dearsociety.in\/post\/wp-content\/uploads\/2021\/06\/add-to-blog-3-300x53.jpg 300w, https:\/\/www.dearsociety.in\/post\/wp-content\/uploads\/2021\/06\/add-to-blog-3.jpg 680w\" sizes=\"auto, (max-width: 872px) 100vw, 872px\" \/><\/p>\n<p style=\"background-color: #10aee0; color: #fff; padding: 10px; font-weight: bold;\">Points to Note:<\/p>\n<p>\u2022 All rights belong to the Annual General Meeting.<br \/>\n\u2022 The Chairman of the Society shall preside over Annual General Meeting of the Society, in case if the Chairman is absent or if present and is unwilling to preside, the Members present may elect a person from amongst themselves to preside over the meeting.<br \/>\n\u2022 The quorum for every Annual General Meeting of the Society shall be 2\/3rd of the total number of Members of the Society or 20, whichever is less.<br \/>\n\u2022 If there is no quorum, the meeting, shall be adjourned to a later hour on the same day and at the same place, as may have been specified in the notice.<br \/>\n\u2022 It is the right of the member to attend the Annual General Meeting.<br \/>\n\u2022 The Associate Member may attend the Annual General Meeting and vote with the prior written consent of the member.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.dearsociety.in\/post\/2021\/05\/26\/car-parking-awareness\/\">Article recommended for you: <strong><u>Car parking awareness <u><\/u><\/u><\/strong><\/a><\/li>\n<\/ul>\n<p>\u2022 In case of Co- Member, if the member whose name stands first in the share certificate is absent at Annual General Meeting , then whose name stands second in the share certificate can attend the meeting and vote.<br \/>\n\u2022 In terms of the law, decisions made during Annual General Meeting bind all members. Without being present at the meeting, &#8220;I did not attend the meeting, I do not agree with the decision&#8221;, say those who are half-hearted or childish.<br \/>\n\u2022 The management engages in transactions that are beyond his jurisdiction but within the framework of the Society&#8217;s objectives, may be approved at the Annual General Meeting.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.dearsociety.in\/post\/2021\/05\/26\/housing-society-disputes-resolutions\/\">This might help you:<strong><u> Bye-Laws<u><\/u><\/u><\/strong> amendments for<strong> <u>housing society dispute resolution<u> <\/u><\/u><\/strong><\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1357\" src=\"https:\/\/www.dearsociety.in\/post\/wp-content\/uploads\/2019\/01\/agm_pawarsir3.jpg\" alt=\"\" width=\"656\" height=\"120\" srcset=\"https:\/\/www.dearsociety.in\/post\/wp-content\/uploads\/2019\/01\/agm_pawarsir3.jpg 656w, https:\/\/www.dearsociety.in\/post\/wp-content\/uploads\/2019\/01\/agm_pawarsir3-300x55.jpg 300w\" sizes=\"auto, (max-width: 656px) 100vw, 656px\" \/><\/p>\n<p style=\"background-color: #b96112; color: #fff; padding: 10px; font-weight: bold;\">The following items should be brought to the attention of the Annual General Meeting:<\/p>\n<p>\u2022 To read the minutes of the last Annual General Meeting of the Society, and to note the action taken thereon;<br \/>\n\u2022 To receive from the committee, the Annual Report, Income And Expenditure and the Balance of the preceding year;<br \/>\n\u2022 To consider Audit Report;<br \/>\n\u2022 to receive from committee the Audit Rectification Report and Action taken thereon;<br \/>\n\u2022 To place Annual Budget for the next Financial Year for consideration;<br \/>\n\u2022 To consider any important communications received from the Registering Authority, the Statutory Auditor, Government, Collector, Local Authority or any other Competent Authority;<br \/>\n\u2022 To declare date and conduct of election of its Committee when due,<br \/>\n\u2022 To consider any other matter, with the permission of the Chairman after the regular agenda is over;<br \/>\n\u2022 To appoint an Auditor, for the Audit, from the panel approved by State Government;<br \/>\n\u2022 To approve transactions engaged by the management that are beyond their jurisdiction but within the framework of the Society&#8217;s objectives;<br \/>\n\u2022 To incorporate Society\u2019s name on 7\/12 Extract or Property Card;<br \/>\n\u2022 To obtain conveyance from the Owner\/ Promoter Builder.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.dearsociety.in\/contact.php\">Get consultation for <strong><u>smooth conduction of AGM.<u><\/u><\/u><\/strong><\/a><\/li>\n<\/ul>\n<p><strong>You may like this video:<\/strong><br \/>\n<iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/HdLuc5bSy5k\" width=\"956\" height=\"538\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"background-color: #8c45a4; color: #fff; padding: 10px; font-weight: bold;\">Following the meeting:<\/p>\n<p>\u2022 The committee shall finalize the draft minutes within 3 months of the date of the meeting and circulate the draft minutes amongst all the Members within 15 days. The Committee shall prepare the final minutes of the meeting after taking into consideration the observations, if any, made by the members and cause them to be recorded in the minutes book.<br \/>\n\u2022 No resolution can be brought at Annual General Meeting of the Society, cancelling its previous resolution, unless six clear months have elapsed, after passing of the previous resolution.<br \/>\n\u2022 If there is a conflict over the Resolutions of the Managing Committee and General Body, it would be addressed before the cooperative court.<br \/>\n\u2022 The Registrar can demand compensation from the responsible persons if the society has suffered as a result of fraud in the audit, deception, or committee carelessness.<br \/>\n\u2022 If the Audit Rectification reports are not submitted to the Annual General Meeting or the Registrar and the Committee found guilty, the Committee may face legal action.<br \/>\n\u2022 If an office bearer fails to call Annual General Meeting, he or she may be disqualified from being re-elected for a period of five years.<\/p>\n<p>&nbsp;<\/p>\n<h3><em><strong>#WeRunSocieties<\/strong><\/em><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Read in Marathi &nbsp; Crucial information related to the Society AGM Meeting Rules: \u2022 The audit shall be done within four months from the 31st March, i.e. by 31st July. \u2022 The Annual General Meeting should be held before September 30. \u2022 If the committee fails to call a meeting by September 30 then the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":1352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[47,132],"tags":[86,129,128],"class_list":["post-1760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bye-laws","category-co-operative-housing-society","tag-agm","tag-committee-issues","tag-society-committee"],"_links":{"self":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts\/1760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/comments?post=1760"}],"version-history":[{"count":10,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts\/1760\/revisions"}],"predecessor-version":[{"id":2441,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts\/1760\/revisions\/2441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/media\/1352"}],"wp:attachment":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/media?parent=1760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/categories?post=1760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/tags?post=1760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}