If a member acts against the interest of a society he can be expelled by
APresident
BRCS
CManaging committee
DGeneral body
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Related Questions:
The main office of Regional Office for Asia and Pacific of ICA is at ....................
The RBI allowed some common ATMs that are owned and managed by non-banking organizations hoping to cut transaction cost for banks. Such ATMS are known as
- Offsite ATMs
- Black Label ATMS
- Onsite ATMs or Red ATMs
- Throd party ATMS
- White Label ATMS
Which one of the following statement/ Statements are incorrect about the disqualification of the member of the Managing Committee?
- In case of Committee members, the persons carrying on the same business carried out by the society.
- If he is not a paid employee of the Society or any other society
- If he is interested directly or indirectly in any contract made by the Society.
- He should be the legal advisor or legal practitioner on behalf of the Society
Which among the above statement (s) is / are incorrect?
- Section 28 of the KCS act deals with Managing Committee of Cooperative Society
- The team of office of Managing Committee of Cooperative Society, 5 years from the date of taking charge.
- In case of new Society, the members signing the application for registration of Co-operative Society are eligible to appoint a committee for a period of 6 months.
- Government or Registrar may nominate all or any of the members of the first Committee including the president or Chairman for a period of not exceeding 12 months.
Which of these statements are true?
Statement 1: No banking Company shall grant any loans or advances on the security of its own shares.
Statement 2: Advance against their own shares is not allowed by banks, because these are prohibited under RBI Act of 1934.