Amendment status not verified — confirm the current text below against the official source.
Society to have a Committee :– 3[(1) The management of a Society shall vest in a Committee constituted in accordance with this Act, Rules and Bye-laws, and the Committee so constituted shall exercise such powers and perform such duties as may be necessary or expedient for the purpose of carrying out its functions under this Act which shall include– (a) the power to– (i) admit members and dispose of applications for shares; (ii) interpret the organisational objectives and set specific goals to be achieved towards those objectives; (iii) prepare annual and supplementary budgets and get ap- proval of the General Body thereto; (iv) raise and invest funds in accordance with the Bye-laws; (v) sanction all expenditure above the prescribed level and the plan of capital development for the coming year or years; (vi) enforce any debt or demand of the Society and institute, defend or compromise legal proceedings for or against the Society; (vii) assess the existing man-power resources and future re- quirements in the context of changes that might have taken place and the measures to be taken to ensure availability of the required resources, consider and remove constraints in the process or progress of manpower planning atleast once at the beginning of every year; 4[(viii)appoint officers or other staff to conduct the business of the Society and define interalia their duties,service condi-