By Speed Post
F. No. L-l1015/96/2015 l&M
Government of IndIa
MJIlistry of Agncultur
D partment of Agricultur & Cooperation
(OFFICE OF THE CENTRAL REGISTRAR OF CO-OPERATIVE SOCIETIES)
Krishi Bhavan, New Delhi
Dated the 2'-~May, 2015
Notice
Chief Pmmo er, South Delhi City Heights Multi State Co-operative Group Housing Society
Limited, 307, Krishna Apra Business Square, Netaji SUbhash Place, Pitampura, Delhi-ll0034 has
submitted a propos I for registration of a multi-State cooperative society under the provi ions of
Multi-State Cooperative Societies (MSCS) Act, 2002. On scrutiny, the following deficiencies have
been observed in the proposal :
a) 1'1 bye-law No.8, the authorized share capital of the society has been proposed for Rs. 10
crore which is on higher side at the time of regi tratlon of the society.
b) The main objective of the society Is to acquire land, develop and construct residential
houses/flats for individual members and whereas, in bye law No. 10, th mul i-State
cooperative societies, cooperative societies, Central/State Governme t, NCDC and other
institutions have been proposed as members.
c} Bye law No. 24 is not framed properly as per the provision of section 37 of the MSCS Act,
2002.
d) Bye law No. 28(s) is not in consonance with the provision of section 39 of the MSCS Act, 2002.
Filing of returns to the Central Registrar does not fall under the powers and functions of
G neral Body. It is the responsibility of the Chief Executive to file the same to the Central
Registrar under the VlSCS Act, 2002 and therefore, it has '0 be made as a separate bye law.
e) Bye law o. 35(a)(i) is not framed properly and not defined that the constitution of Board of
Directors in a specific manner.
f) The provision made in bye law No. 35(a)(ijj) is in contravention to the proviso of section 41(3)
of the MSCS Act, 2002.
g) Bye law No. 35(b) is in contravention to the proviso of section 41(3) of the Act.
h) In bye law No. 36(b), the provision as required u/s 39(1)(m) of the MSCS Act, 2002 has not
been included.
i)
The provision made in bye law No. 39 is in contravention to the provision of section 45 of the
MSCS Act, 2002. Vacancy rising out of elected Board of Directors has to be filled by electlon
only under th existi ,g provisions of Act.
: 2:
j) In bye law No. 49, no provision has been made that the remaining net profit, if any, shalt be
credited to Reserve Fund.
k) The project repqrr is not satisfactory. In the first year itself, it is proposed that the total
receipt is Rs. 31.84 crare. Fu her, the projected financial statements at least for three years
have not been gi en without it is difficult to assess the Viability of the society.
I)
In tl1 hst of members from the State of Delli, In many places, th membership has been
drawn from th same family/address. The following are the examples:
S.No.38,40
S.No.51,52
m) In the list of members from the State of Haryana, in many places, membership has been
dr wn from the same family/address. The following re the exam les: S.No.1,6,17,33
S.No.2,23
S.No.7,9
S.No.15,16
S.No.42,43
No address at S.N 5.21,25,26,30,32,37,38, 5,46,50 & 51.
2.
In view of the a ove deficiencies, you are hereby called upon to show cause as to why the
registration of the above proposed society in the name of South Delhi City Heights Multi State Co
operative Group Housing Society Limited, 307, Krishna Apra Business Square, Netaji SUbhash
Place, Pitampura, Delhl-l10034 under the Multi-State Cooperative Societi s Act, 2002 and the rules
made thereunder shall not be refused, The Chief promoter of the society or in his absen e any
promoter member authorized by him is called upon to appear before the Central Registrar of
Cooperative Societies on 2.
at CJ • 0"0 A.M. in Room No. 224, Krishi Bhavan, New Delhi.
8'1.s1l:s'""
If none appears for earing, it would be presumed that you have nothing to say in the
matter and accordingly, appropriate order shall be passed as ex-parte.
3.
4,
This issues with the approval of Central Registrar of Cooperative Societies.
~.~
(P. Sampchhr----'"
Director (Cooperation)
To
Chief Promoter (Shri Amit Singhal)
South Delhi City Heights Multi State
Co-operative Group Housing Society Limited,
307, Krishna Apra Business Square,
Netaji SUbhash Place, Pitampura,
Delhi-l10034.