Powers, Functions and Duties of the Managing Committee

The managing committee is the working engine of the society, and its powers and duties cover almost every aspect of running the society between general meetings — always, however, within the framework of the Act, the bye-laws, and the decisions of the general body. Its functions can be grouped conveniently under a few heads.

In matters of general management, the committee is responsible for carrying on all the ordinary business of the society and for giving effect to the objects for which the society was formed. It admits new members and deals with the cessation, resignation, or expulsion of members in accordance with the bye-laws; it manages the society's property and assets; and it takes all routine business decisions needed to keep the society working. In financial management, the committee handles the society's funds: it arranges the collection of share capital, deposits, and dues; it sanctions loans, advances, expenditure, and investments within the limits fixed by the bye-laws and by the general body; it operates the society's bank accounts through the authorised office-bearers; and it prepares the annual accounts and the balance sheet for placing before the general body. It is also the committee's duty to arrange for the audit of the accounts and to attend to the rectification of the defects pointed out in audit. …