FGM Functions

Bye-law No. 88

88. a. FUNCTIONS OF THE FIRST GENERAL BODY MEETING

At the First General Body Meeting of the Society, the following business shall be transacted :
i. Election of a President for the meeting,
ii. Admission of new Members (other than the promoters) who have applied for Membership of the Society.
iii. Receiving and Approving the Statement of Accounts, as prepared by the Chief Promoter of the Society, as on fourteen days prior to the date of the First General Meeting of the Society ( ie: as on the Date of Notice ).
iv. Constitution of a Provisional Committee until regular elections are held under bye-laws of the Society. The Provisional Committee shall have the all powers and functions as that of the Committee elected in accordance with the Act, Rules & Bye-laws.
v. Fixing the limit up to which funds may be borrowed.
vi. Authorising the Committee to secure conveyance of the right, title and interest in the property in the name of the Society, from the Promoter Builder,
vii. Appoint an Internal Auditor of the Society for the year, if necessary and fix his remuneration.
viii. Authorise One of the Members of the Provisional Committee to call the first meeting of the Provisional Committee,
ix. Consider affiliation of the Society as Member of the Housing Federation of the District and other institutions mentioned in bye-law no. 6,
x. Consider any other matter to be brought before the meeting with the permission of the Chair, excepting those requiring proper notice.

IN ADDITION FOLLOWING ARE APPLICABLE FOR PLOT-PURCHASED TYPE SOCIETY

xi. To review and approve the Report of the Chief Promoter of the Society regarding the work done and proposed to be done with reference to the financial and physical aspects of the scheme of
construction.

xii. To confirm the agreement for purchase of the plot/building for the Society entered into by the Chief Promoter of the Society with the vendors.
xiii. To approve the site plan and the scheme of construction.
xiv. To confirm the appointment of Architect of the Society made by the Chief Promoter of the Society or to appoint an Architect if no such appointment is made by the Chief Promoter of the Society or to appoint a new architect in place of the one already appointed.

88.b. PROVISIONAL COMMITTEE NOMINATION BY REGISTERING AUTHORITY

Where the First General Meeting fails to elect a Provisional Committee, the Registering Authority shall be competent to Nominate such a Committee, including the Chairman and the Secretary of the Society for a period of one year.