Question

5€. The maximum amount of cash allowable to be kept by Housing Societies
(a) 5,000
(b) 1,000
(c) 500
(d) 300​

Answer 1

Answer:

Limit for cash on Hand limit. The Secretary of the Society or the paid employee, authorised by the Committee in that behalf, may retain in his personal custody, at the close of every day, a sum, not exceeding Rs. 5,000 (Rupees Five Thousand only),for petty expenses.