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CS Professional · CSR and Social Governance · Model Code for Meetings of Non-Corporate Entities

Shree Ganesh Cultural Society, a registered society, has never fixed a uniform way of conducting its governing body meetings. Its secretary proposes adopting a model code for meetings of non-corporate entities. What is the main purpose of such a model code?

The model code gives non-corporate entities such as societies and trusts a standard good-practice framework for convening and conducting meetings, so decisions are orderly, transparent and well recorded. It does not replace the governing statute, convert the entity into a company, or remove the need for minutes.

  1. ATo replace the society's registration statute with a new law
  2. BTo provide a standard, good-practice framework for convening and conducting meetings so that decision-making is orderly and transparentCorrect
  3. CTo make the society a company under the Companies Act, 2013
  4. DTo exempt the society from keeping minutes of meetings

Explanation

A model code for non-corporate entities offers a common framework of good practice on notice, quorum, conduct, voting and minutes, drawing on ideas from Secretarial Standards. It does not replace a statute, convert the entity into a company or remove record-keeping duties.

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