State Act

42

Section 42

Code of Comunidades of 1961

Act no. 2070 of 19611961In forceGoa (State Act)

Art 42– For the purpose of constituting the managing committee, two lists shall be prepared every three years, by 31st August, by the clerk and the attorney of the comunidade, based on the accounts of the last three years and of the registers of members by birth – (zonnkars) and shareholders, in accordance with the terms of this Code. 23[A list of all the able components.] § 1. 24[The list] shall contain: a. The serial number; b. Name of the member; c. His status as shareholder or members by birth – (zonnkar); d. Residence; e. Age, when available; f. Family relationship, if any, up to the 3rd degree which exists among different members; g. Number of shares held, in case of shareholder or the social interest that each member by birth – zonnkar has in relation to the share; h. Educational qualifications of the member. § 2. When, for the preparation of the list of twenty major shareholders, there are two or more members with the same social interest and all of them cannot be included in the same list, then the member who is senior in age shall be included, till the number make up the total of twenty. § 3. The documents submitted by the parties for the purposes of clause (h) shall be returned to them, once the list referred to in the preceding paragraph has been approved.