Dear Member/Associate Members,
Sub: The proceedings of The Annual General Body Meeting of Mico Associates Housing Co-operative society Ltd for the year 2017-18 held on 23-09-2018
Place: Mico Garden City Layout
Meeting starts with litting of silver lamps by the couples Mr & Mrs. Chidanandamurthy, Mr & Mrs. Shivakumaraiah & Mr.Gopal Rao
1. Prayer :- By Kumari Usha
2. Welcome Speech :- Mr. Ramachandraiah vice president welcome the members, president, Directors, Administrative Adviser, Legal Adviser & Staff for the meeting.
3. Condolences :- Condolences to the member of our society late Shivanna expired during 2017-18, Former Prime minister Atal Bihari Vajpayee, to those brave soldiers who lost their lives while Fighting for our country & to those people of Coorg & Kerala floods victims who lost their lives. The gathering stand & pray for their souls.
4. To read & record the AGBM notice:- Read by the director Mr.Ramesh & recorded unanimously.
5. To read & record the previous 2016-17 AGBM proceedings:- The previous AGBM proceedings read by the director Mr.Palthi Venkatesh naik & recorded unanimously.
6. To read & record the Annual Report for 2017-18 :- Mr. Sadashivamurthy, president read the following Annual Report for 2017-18 & recorded unanimously, On behalf of the management we welcome all the honorable members to the meeting. This society is registered by Karnataka Govt Co-operative society’s Act & Rules on 15-11-2012 & since then successfully working for the betterment of the members. The total regular members are 1210 & 605 Associates members with total of Rs.36,38,000/- share amount. As you all know we have a nomination agreement registered for 50 Acres of land. In which 33 Acres already in society’s name as absolute sale deed. The process of PTCL approval is under progress for remaining 17 acres. The same will be registered as soon as we obtain approval. We obtained all the revenue documents such as RTC, MR Register, Khatha, 79 A & 79 B & other documents for the 33 acres registered. We applied for Hadbust (boundary mark) for fencing. As soon as we get the approval we will fix the boundary & fencing.
Out of the 33 acres of land registered so far,
1). 2 Acres already the conversion land
2).5 acres land approved by the Govt urban development for change of land
3). 9 Acres land already in a residential change of land.
The remaining land proposal for change of land is submitted to BMICAPA which is under progress. Simultaneously we have already applied for conversion at Deputy commissioner office Ramanagar. 17 Acres of PTCL land for substitute is under progress will be completed shortly.
Other Information:- As we all know the previous developer G.Krishnamurthy was failed to complete the land assembling work as per the MOU. As such we removed him. Action has been taken against him as per the co-operative Act & Rules as well as criminal proceedings. The honorable JRCS court & High court has directed to attach the property of Mr.G.Krishnamurthy & recover the amount from him. As per the direction from the High court we have so far recovered Rs.4,14,00,000/- (Four crores fourteen lakhs)by action of property & by other means. The case is under progress.
Reasons for delay:- Due to the slow progress of the previous developer the land assembling work process, The Govt approvals & other work were delayed. At the same time Mr.Sampathkumar said to be a RTI worker petitioned the Tahshildar, ADLR, DDLR, Assistant Commissioner, Deputy Commissioner of ramanagar, Govt Survey department to verify any govt land has been acquired by the society. The survey commissioner summoned us &verified all our revenue documents. which is free from any encroachment and issued directions to the above concerned authorities for approvals. We regret for the delay. In spite of the hurdles, the newly appointed developer has helped us in obtaining most of the approvals & register 33 Acres of the land to our society. In the interest of the members & the society, we are doing the best possible to complete the project as soon as possible. We appreciate your patience & encouragement. In future also, we expect the same from you. We thank all the land owners stood with us in this project, we also thank the members for their immense co-operation, the co-operative department officials, we also thanks those who directly & indirectly support us in this project.
NOTE: Dividend for the year 2017-18 will be issued from 02-11-2018 onwards
Thanking You
Sadashivamurthy
President