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Standard XII
Accountancy
Issue of Debentures as Collateral Security
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Question
Write shorts answer to the following questions:
Discuss briefly the functions performed by a secretary of a co-operative society.
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Solution
To organize meetings and record its minutes
To make sure that all important documents, papers, books of the society are kept safely in the society office
To act on behalf of the society when required
To issue share certificates and notices to members within the required time
To deal with matters of resignation from society members
To make an entry in the nomination register regarding nominations and revocations
To keep a check at the society’s property
To issue notices in case of any repairs to be done in the flats
To prepare and issue bills for society’s maintenance charges
To look into the society accounts and finalize it in a timely manner.
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Issue of Debentures as Collateral Security
Standard XII Accountancy
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