Legal Question in Real Estate Law in India
In the year 2011-12 a new committee was formed to overseas the affairs of our Housing Society for the financial 2012-13 and 2013-14. In August 2013, we propose to convene AGM of the Members of the Society to approve the audited balance sheet. Can you please confirm who has to sign the minutes of the meeting of the AGM of the members held in August 2012 which approved the accounts for the year 2011-12. (New Committee or the earlier committee)
1 Answer from Attorneys
22.07.2013
Dear Sir / Madam,
If the new managing Committee was appointed in June, 2011, the previous Managing Committee will sign the Accounts for the financial year 2010-2011 and the new Managing Committee will sign the Annual Accounts for 2011-2012 and thereafter. If the new Managing Committee was appointed in June, 2012, the new Managing Committee will sign the Accounts for 2012-2013 onwards.
Regards,
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