Question

day to day management of society vests in​

Answer 1

Explanation:

Management of a Housing Society in State of Maharashtra is regulated by Section 73 of Maharashtra Co-Operative Society Act (MCS Act) 1960. If you read the said section, you would mark that, it (i) vests management of society in a committee formed in accordance with the Act, Rules & Bylaws (ii) Confers power to exercise and imposes duty to perform. (iii) Makes jointly and severally responsible for all the decisions, acts and omission that bearing on society (iv) Mandates executing a bond by the member of committee. The act never talks about betraying the obligations that come along with the powers.

Answer 2

1) Day to day management of society vests in ______

a) General Body

b) Staff

c) Audit Committee

d) The managing Committee

Explanation:

• Day-to-day management of society vests in the managing Committee (D).

• The Management Committee organizes and supports everything needed for the people living in their society.

• One of the major roles is to manage the day-to-day activities of the residents living in the society.

• It is the responsibility of the members to elect the committee persons who will abide by the laws and work for the welfare of the residents.