Rights of Managing committee to ask for Road fund twice due to poor handling of

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    galaxynet51posted 7 years ago

    Rights of Managing committee to ask for Road fund twice due to poor handling of

    Our society members paid Rs. 15,000/- towards repair and repaving of internal roads, everybody paid as per AGM resolution. The contractor hired by managing committee ran away with 10 Lak and all efforts fail to nab him. Now Society is asking for additional fund due to lost money and cost over run another Rs. 10000/-. We been suffering due to very bad internal road. Q. Cab Sp. Meeting force us to contribute this additional money by vote of majority? 2. Can sinking fund be used with the permission of Registrar ? Can we allow M. Comm to raise loan for this work from members or a bank ? Please adv

 
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