Housing Society New Committee Take Over & Time For Audited Financial Report

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Everything is minutely explained in the constitution and bye-laws of every society. Get the cue from it and get a direction issued from the court for talking over the charge for smooth and proper working of the society. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

2. Dear Sir For every act there is time limit. You may approach concerned deputy secretary of the department to initiate action .

- Audit happens every year. It is not mandatory to do audit of previous committee. When Audit happens, it can take care of complete year of both committee. - Usually within 6 months of previous year. But it can be delayed also by AGM approval. - Why new committee staying away to take charge ?

Hi, Before the new committee takes over, it can conduct the financial audit of the previous committee. The Account needs to be audited within 6 months from the closure of the previous financial year, and before the notice of the annual general meeting. The new committee is under obligation to conduct financial audit of the previous committee as well. If you like my answer, please rate me.