Can any 2 of the 3 office bearers
7 months ago
Can any 2 of the 3 office bearers having signatory powers sign the cheques in a Mumbai co-op hsg. society. Please.
A.Dear Client,
In a cooperative housing society in Mumbai or elsewhere in India, the rules regarding signatory powers for issuing checks can vary depending on the society's bylaws, regulations, and policies. Generally, the cooperative housing society may have specific provisions in its bylaws that outline the signatory powers for issuing checks.
Typically, cooperative housing societies have office bearers, including the Chairperson/President, Secretary, and Treasurer, who may have signatory powers. However, the specific requirements for signing checks can vary from one society to another.
To determine the exact rules regarding signatory powers in your cooperative housing society in Mumbai, you should:
Review the Society's Bylaws: Check the society's bylaws or regulations. These documents should specify the roles and responsibilities of office bearers and any requirements for signing checks.
Consult with the Managing Committee: Reach out to the managing committee of your cooperative housing society. They can provide you with information about the rules and procedures for check signing.
Seek Legal Advice: If there is ambiguity or disagreement regarding the signatory powers within your society, you may want to consult with a legal expert or a cooperative housing society consultant who is knowledgeable about Mumbai's specific cooperative housing society laws and regulations.
It's important to follow the rules and procedures outlined in your cooperative housing society's governing documents to ensure compliance with the law and to prevent any potential issues or disputes related to check signing authority.
Thank you.
In a cooperative housing society in Mumbai or elsewhere in India, the rules regarding signatory powers for issuing checks can vary depending on the society's bylaws, regulations, and policies. Generally, the cooperative housing society may have specific provisions in its bylaws that outline the signatory powers for issuing checks.
Typically, cooperative housing societies have office bearers, including the Chairperson/President, Secretary, and Treasurer, who may have signatory powers. However, the specific requirements for signing checks can vary from one society to another.
To determine the exact rules regarding signatory powers in your cooperative housing society in Mumbai, you should:
Review the Society's Bylaws: Check the society's bylaws or regulations. These documents should specify the roles and responsibilities of office bearers and any requirements for signing checks.
Consult with the Managing Committee: Reach out to the managing committee of your cooperative housing society. They can provide you with information about the rules and procedures for check signing.
Seek Legal Advice: If there is ambiguity or disagreement regarding the signatory powers within your society, you may want to consult with a legal expert or a cooperative housing society consultant who is knowledgeable about Mumbai's specific cooperative housing society laws and regulations.
It's important to follow the rules and procedures outlined in your cooperative housing society's governing documents to ensure compliance with the law and to prevent any potential issues or disputes related to check signing authority.
Thank you.
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