Chairman of A Cooperative Housing Society - Role and Responsibilities - CHSONE Blog
Chairman of A Cooperative Housing Society - Role and Responsibilities - CHSONE Blog
Chairman of A Cooperative Housing Society - Role and Responsibilities - CHSONE Blog
Responsibilities
According to the rule stated in the Maharashtra Cooperative Societies Act, every
registered housing society need to elect a Chairman to head the Management Committee
of the society. Let’s take a look at the role and the responsibilities that this position needs
to perform.
Role:
Powers:
Needless to say, the Chairman enjoys certain powers being the head of the society.
1. Chairman enjoys the final decisive power. No decision can be taken or finalized without
his consent.
2. Chairman is one of the Signatories for the bank operations of the society.
3. Chairman is entitled to preside over all the major meetings of the society like the
Annual General Meeting.
Responsibilities:
There is no powers without responsibilities. The two comes hand in hand and truly said
born out of each other. Chairman needs to shoulder an array of responsibilities being the
head of the society.
2. Chairman is responsible for keeping a tab on the smooth and hassle-free functioning of
the society.
4. Chairman need to ensure that all records of the society are maintained and updated
properly.
5. Chairman need to ensure that the audit of the accounts of the society is done on time
each year.
6. Chairman needs to ensure that the Annual General Meeting of the society is held every
year on or before the mentioned date of 14th August.
8. Chairman has to arrange for welfare and social get together activities time to time in
the society.
9. Chairman needs to take up any other responsibility (other than his) lying with the
Management committee in time of emergency.
While Chairman is largely responsible for the welfare of a cooperative housing society,
however holistic goodness comes when each and everyone performs their basic
responsibility towards the society.