[Inpycon] Registering society (Was: Re: FOSS PyCon)

[Anand Balachandran Pillai]

On Wed, Oct 14, 2009 at 12:37 PM, Kenneth Gonsalves <lawgon at au-kbc.org>wrote:

> On Wednesday 14 Oct 2009 12:31:14 pm Sreekanth S Rameshaiah wrote:
> > Trusts are easy to setup. Societies have higher complexity. Section 25
> co.
> > have highest operating overhead of all ( but also most transparent ).
>
> not so - you can do practically anything with a section 25 co. The problem
> with trusts is that one needs trustees - and trustees have too much power.
> Very often absolute power and are very difficult to unseat. Societies have
> some
> mandated annual elections and a lot of transparency. As long as the bye
> laws
> are framed carefully, hostile takeovers or people clinging to power are
> rare.
>

 I would prefer a setup where the board members are elected once every
 two years without anyone holding absolute authority. Looks like this is not
 possible with a trust setup.


> --
> regards
> Kenneth Gonsalves
> Senior Project Officer
> NRC-FOSS
> http://nrcfosshelpline.in/web/
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>



-- 
--Anand
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