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Housing Society Treasurer be involved in Purchases


06-May-2023 (In Civil Law)
Can a Co-Op Hsg Soc Treasurer be involved in Purchases..For eg... Purchasing or Ordering Tankers for Society..Can the Treasurer purchase negotiate with Tanker vendorsPlease help
Answers (1)

Answer #1
931 votes
Well, Treasurer's mere duty is to arrange funds and assign funds to distinct departments of Society, so that, Society can carry on with such funds day to day functioning and maintenance of the Society. It is also the duty of the Treasurer to keep the record of transactions of the Society.
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