157a-c. Expenditure

Bye-law No. 157

157. a. COMMITTEE’S REPAIR EXPENDITURE LIMIT

The Committee shall be competent to incur expenditure on the repairs and maintenance of the Society’s property once in a financial year, the onetime expenditure does not exceed: 

Upto 25 Members – Rs. 25.000/- 

26 to 50 Members – Rs. 50,000/- 

51 & above Members – Upto Rs. 1,00,000/-

157. b. GENERAL BODY APPROVAL FOR ABOVE EXPENDITURE LIMIT

If one time expenditure on repairs and maintenance of the Society’s property exceeds the limit as mentioned under bye-law No. 156(a) prior sanction of the meeting of the General Body of the Society shall be necessary.

157. c. GENERAL BODY’S DECISION

The meeting of the General Body of the Society shall decide: 

The limit upto which the expenditure on repairs and maintenance of the property of the Society could be incurred by the Committee without calling for tenders for the work. In respect of the work, the cost of which exceeds the limit, so fixed, the Committee shall follow the procedure of inviting tenders, placing them before the General Body Meeting for approval and entering into contract with the Architect (if appointed) and the Contractor.