Naresh (Accountant) (33 Points)
04 May 2012
A Society is registered under The Andhra Pradesh Societies Act 2001. My question is can any governing body member president, Secretary, treasurer; executive member can get a Remuneration. If yes is there any limit of guidelines.
Thank you in advance for your guidance.
Kolluru Krishna Murty
(Partner)
(315 Points)
Replied 05 May 2012
The Societies are run on the priciple that every member works for every member.
That being the case payment of remuneration to any member is against the priciple of the establishment.
So the Act does not provide for guidance on the subject.
However it does not prohibit such payment rather.
So if the Bye-laws provide for the same this can be paid within the stipulations of the Bye-laws.
kkm
CAclubindia
