1-minutes-of-meeting-wef-28-1-2008-till-date - Asha on SCBA Multi ...

Mr. Ajay Jain & Mr. P.I.Jose agrees with the suggestion <strong>of</strong> Ms.Hema Sahu. Mr. Ajay Garg also suggested that in case theamount deposited by the members in Noida Project is an excess<strong>of</strong> the amount deposited with the Noida Authority than in thatcase the present demand should be proportionally reduced.Mr. Saba Rehman also supports the above view.The Chairman summed up the discussion by saying “Majority <strong>of</strong>the Directors called for the details from the Acctt, who has giventhe statement that at least Rs. 79,800/- as 5 th installment duewill be called from each members on the basis that 660 flats areto be constructed. Thus the question <strong>of</strong> sum <strong>of</strong> Rs.3.5 CroresFlexi & 1 Crore SB A/c for payment to the Noida Authority doesnot arise at the moment as there are already few members whoare defaulters and some <strong>of</strong> the them have expressed theirintentions to withdraw the amount from the Society. Somemembers have petitioned in High Court for refund <strong>of</strong> amountwith interest. High Court has observed that their applications bedecided expeditiously”.Therefore it was decided by overall majority that money lying inthe bank can not be touched for payment to Nodia Authority asthe same may have to be refunded to the defaulting members.Therefore the call <strong>of</strong> Rs. 85,000/- is justified.Earlier on 8 th Feb. <strong>2008</strong> the matter was also discussed in briefand it was then decided to call for Rs. 85,000/- for 5 thinstallment.Rests <strong>of</strong> the agenda items were deferred.The next deferred <strong>meeting</strong> shall be held on Monday at 3 PM. Nonotice for 18 th Feb. <strong>2008</strong> is required to be given to the membersas agreed to by all the members.