Society cannot charge or demand money / donation for the Cultural/Festival Expenses from their members/residents.
[Extract of letter written on 23/10/17] Dear Saketians, Read the following carefully. It is going to have a impact on our society from now on. Post the 2014 amendments to the byelaws, Society cannot charge or demand money / donation for the Cultural/Festival Expenses from their members/residents. The Society cannot implement such Resolution in AGM / SGM and put burden of contributing any money on all the members including the members who are not interested to participate, even though such Resolutions are passed. For Social, Cultural or Recreational activities; Society should use the Reserve Fund as described in Byelaw 147(b)iii, iv and utilise it as indicated in Byelaw 5(d). Byelaw 147(a) After providing for the interest upon any loans and deposits and after making such other deductions as required under Section 65(1) and 66 of the MCS Act 1960 and Rule 49A of MCS Rules 1961, twenty five percent (25%) of the net profit of all the business carried on by or on...