Members guilty of offences punishable as strangers Any member of the society who shall steal, purloin, or embezzle any money or other property, or wilfully, and maliciously destroy or injure any property of such society, or shall forge and deed, bond, security for money, receipt, or other instrument, whereby the funds of the society may […]
Members liable to be sued as strangers Any member who may be in arrear of a subscription which according to the rules of the society he is bound to pay, or who shall possess himself of or detain any property of the society in a manner or for a time contrary to such rules, or
Recovery of penalty accruing under bye-law Whenever by any bye-law duly made in accordance with the rules and regulations of the society, or, if the rules do not provide for the making of bye- laws, by any bye-laws made at a general meeting of the members of the society convened for the purpose (for the
Enforcement of judgment against society If a judgment shall be recovered against the person or officer named on behalf of the society, such judgment shall not be put in force against the property, movable or immovable, or against the body of such person or officer, but against the property of the society. The application for
Suits not to abate No suit or proceeding in any Civil Court shall abate or discontinue by reason of the person, by or against whom such suit or proceedings shall have been brought or continued, dying or ceasing to fill the character in the name whereof he shall have sued or been sued, but the
Suits by and against societies Every society registered under this Act may sue or be sued in the name of President, Chairman, or Principal Secretary, or trustees, as shall be determined by the rules and regulations of the society and, in default of such determination, in the name of such person as shall be appointed
Total addressable market (TAM), also called total available market, is a term that is typically used to reference the revenue opportunity available for a product or service. TAM helps prioritize business opportunities by serving as a quick metric of a given opportunity’s underlying potential. What is Total Addressable Market (TAM)? Total Addressable Market (TAM), also referred to as total available market, is
When planning to sell your company, it’s critical to evaluate its value before embarking on the M&A process. There are several methods for determining the worth of a company, as well as numerous reasons for doing a business valuation. Here is a detailed explanation of the company valuation process, including popular valuation methodologies, when and
The Government of Karnataka has introduced Seva Sindhu an integrated portal set up to provide government-related service to the citizens. Seva Sindhu was implemented under the e-District Mission Mode Project (MMP) of the Department of Electronics and Information Technology (Deity), Ministry of Communication and Information Technology. Seva Sindhu aims to deliver government services more accessible,
Property of society how vested The property, movable and immovable belonging to a society registered under this Act, if not vested in trustees, shall be deemed to be vested, for the time being, in the governing body of such society, and in all proceedings civil and criminal, may be described as the property of the
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