Prohibition against being interested in the Society

Heading as printed in the official Model Bye-laws.

Official TextSelect & copy — link auto-added

Prohibition against being interested in the Society 116. No Officer of the Society shall have any interest, directly or indirectly, otherwise than as such officer: ( a ) In any contract made with the Society. ( b ) In any property sold or purchased by the Society. ( c ) In any other transaction of the Society, except as investment made in or loan taken from the Society for provision of residential accommodation by the Society to any paid employee of the Society.

Next step

2026 Rules: Management, AGM & redevelopment (106C-13)

Managing committee dealing with this? Book a consultation with our advocatesAppointments are only for the managing committee and office-bearers.

Related provisions

MCS Act, 1960 — Chapter XIII-B

Section 154B-23 — Disqualification of Committee and its Members →

disqualification office bearer conflict of interest eligibility

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115. Election of the Committee

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117. Disqualification from Standing for Election

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