Is it illegal for the industry Committee to be a shareholder of the property company?

Without the approval of the owners' meeting, it is illegal for property shareholders to join the owners' Committee of the community. After the owners' committee or its members are elected according to law, they will perform the obligations of the owners in an exemplary manner. Members of the owners' committee must be owners and have certain organizational skills. The district where the local property is located may be required to elect the owners' committee or the members of the owners' committee according to law. The owners' committee shall, within 30 days from the date of election, report to the real estate administrative department of the district or county people's government where the property is located, the subdistrict office and the Township People's government for the record. Members of the owners' committee shall be owners who are enthusiastic about public welfare undertakings, have a strong sense of responsibility and have certain organizational ability. The chairman and deputy directors of the owners' committee are elected from among the members of the owners' committee.

legal ground

Article 16 of the "Regulations on Property Management in People's Republic of China (PRC)" shall, within 30 days from the date of election, file with the real estate administrative department, subdistrict office and Township People's Government of the district or county people's government where the property is located. Members of the owners' committee shall be owners who are enthusiastic about public welfare undertakings, have a strong sense of responsibility and have certain organizational ability. The chairman and deputy directors of the owners' committee are elected from among the members of the owners' committee.