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

stamp duty, lease money is to be borne by the said 648members. If so divided, the total cost <strong>of</strong> the land as referredabove among 648 members, then each member should havepaid Rs. 10,58,669/- by now, although the amount deposited s<strong>of</strong>ar is 10,21,000/- Therefore, it is clear that the Society has nosurplus funds as far as the 648 members are concerned andwhatever funds the society is having the same is either the sharemoney <strong>of</strong> the members and/or the amount to be refunded backto the members beyond 648. It is also pertinent to mention thatwhatever demands have been made by the Society from itsmembers, the same is deposited with the Noida Authority andtherefore, there is no question <strong>of</strong> the Society having any surplusfunds for paying any amount.2. So far as the recession and financial crisis is concerned, thissituation affects all the members. Further, the society worksthrough the contribution <strong>of</strong> its members and the Society doesnot have any independent corpus <strong>of</strong> its own.3. It is clarified that whatever amount has been paid to thearchitect towards his fees so far, is as per the plan/structure <strong>of</strong>the payment <strong>of</strong> fees to the architect as given in the contract asentered with him by the Society and Mr. Ajay Jain is also thesignatory to the resolution <strong>of</strong> the Board for making payments tothe architect.4. As far as the allegation relating to “resentment among themembers <strong>of</strong> the Society regarding the slow progress <strong>of</strong> theSociety” is concerned, it is stated that the Board has beenmaking its best efforts to give bigger and cheaper flats to itsmembers and therefore, the Board made representation to theNoida Authority to increase the FAR which has now beenapproved by the U.P. Government vide Notification <strong>date</strong>d19.2.2009. It is due to the efforts <strong>of</strong> the Board, the NoidaAuthority had expedited the FAR issue and approved the schemefor purchasable additional FAR on the representation <strong>of</strong> thesociety. It is a known fact that the procedure in the Governmentis cumbersome and time consuming, nevertheless the Directorshave not left any stone unturned by getting the whole processexpedited. Some <strong>of</strong> the Directors had to personally visit theNoida Authorities and its CEO several times and also visited theU.P. Government at Lucknow and the result <strong>of</strong> the same is thatthe said scheme for purchasing the additional FAR has beenapproved by the U.P. Government.5. It is amazing that Mr. Ajay Jain has circulated this letter not onlyin the Supreme Court, but also in High Court and District Courtseven before presenting the same before the Board, which showsthat it has been written with ulterior motives with sole intentionto gain political mileage. Furthermore, the present letter has