(1) The society shall maintain record of the minutes of proceedings of every meeting of the General Body and Governing Body in the proceedings book separately maintained for this purpose and such minutes shall be signed by the President and Secretary of the society.
(2) In case the minutes of the meeting are not signed by the President for any reasons, whatsoever, the Governing Body may authorise any of the office-bearer to sign such minutes.
(3) The minutes of every meeting of the Governing Body or the General Body, as the case may be, shall be placed for confirmation in its succeeding meeting of such body.
(4) Any resolution passed by the Governing Body or the General Body, as the case may be, during any of its meetings, which is not consistent with the provisions of this Regulation, or the rules made thereunder, or the bye-laws, shall be invalid.
(5) No act or proceedings of a society or any of its office-bearer shall be deemed to be invalid merely on the ground of any vacancy or defect in the organisation of the society.
20. Every society shall supply a copy of the balance-sheet or a statement of accounts together with the report of the auditor to every member of the General Body along with the notice of the annual general meeting and the same shall also be uploaded on the website of the society.
CHAPTER VIII PROPERTY AND FUNDS OF SOCIETIES
21. Every society registered under this Regulation may acquire movable or immovable property, on free-hold or on lease basis, from and out of its funds, or donations, grants or loans, in accordance with its bye-laws.
22. All properties, movable and immovable, belonging to a society, whether acquired before or after its registration, shall vest in the society, and any such property may be referred to as the property of such society in any legal proceeding:
Meetings of Governing Body.
Record of proceedings.
Supply of balance-sheet or statement of accounts.
Acquisition of movable and immovable property.
Property how vested.
10 THE GAZETTE OF INDIA EXTRAORDINARY [Part II— 10 Restrictions on sale or transfer of immovable property.
Provided that in case a housing society or a resident welfare association registered as a society for the operation, management and maintenance of facilities for the residents or civic amenities of any defined area, the property may vest in the members or their successor-in-interest who have contributed for acquisition of such property:
Provided further that where a society accepts a gift or donation of money or property of any other kind from any person or institution for a specific purpose, it shall use such money or property gifted or donated or any part thereof only for the purpose for which it has been so gifted or donated and for no other purpose.