Where in India is your Society? What do you mean by provisional Managing Committee? A Managing Committee is bound to take necessary action for the election of a new Managing Committee, before its election is over. If a Managing Committee continues after the expiry of its tenure, it is illegal and any member can complain to the Registrar to take necessary action to remove the Managing Committee and hold elections for a new Managing Committee. Now the following are the points to be noted if your Society is in Maharashtra.
1. Any action taken by a Managing Committee, whose tenure has expired will continue to be valid under Section 77 of the Maharashtra Co-operative Societies Act, 1960.
2. The Society can collect what you are calling "function fund" subject to the following:
(a) The decision has to be that of the General Body.
(b) Due notice of the meeting as required under the law should have been given.
(c) Collection from members for function fund should have been clearly mentioned as an item on the Agenda for the meeting.
(d) The maximum amount proposed to be collected monthly, quarterly or as lump sum should have been specified in the Notice.
Bye-law No.5(d) of the Model Bye-laws for Co-operative Housing Societies in Maharashtra reads thus:
"To undertake and provide for, on its own account or jointly with a co-operative institution, social, cultural or recreative activites."