(1) A Society shall have the powers to spend such sums out of its funds, as it thinks fit, for the purposes authorised under its Bye-laws or by the Act.
(2) No payment shall be made out of the funds to the President, Vice- President, Secretary, Treasurer or any other office bearer by way of honorarium or remuneration:
Provided that incurring of any expenditure on the Boarding/ Lodging and TA/DA of the office bearers while on tour in connection with the affairs of the Society, shall be permissible following the prudent financial norms.
(3) Notwithstanding the restrictions prescribed above, a Society may pay such remuneration, salary or honorarium to the persons in its full-time or part-time employment, as it may determine:
Provided that no member shall be in the employment of the Society.
HARYANA GOVT. GAZ. (EXTRA.), MAR. 28, 2012 23 (O UR . 8 , 1934 SAICA)
CHAPTER X ACCOUNTS, AUDIT, FILING OF DOCUMENTS