14. Meeting Minutes Dated 03 Jul 2021

Changes to Governing Body pursuant to Special General Body Meeting Dates 13th February 2021 and then approved by Governing Body in meeting dated 27th February 2021 and 4th April 2021, shall also be updated with Registrar of Societies.

President R P Maurya and General Secretary Mr. Moher Singh to complete this formality as soon as possible.

Sunil Sharma has suggested that full list of ledger entry of expenses and income shall also be readily available for members of society to examine and same will be arranged by Mr. Maurya and Mr. Bobby Kalra from CA pf Society.

Mr. Sunil Sharma also asked Mr. Amit Garg to check once again from Advocates of appointed legal firm Pricus Legal that nothing else must be provided from our end in terms of opinion, suggestion, recommendation, or instruction to submit the draft of new writ and same shall be submitted to Society by Wednesday 7th July 2021.

Mr. Amit Garg to coordinate with Pricus Legal for same.

1. Mr. Sunil Kumar Sharma – Vice President
2. Chakit Singhal – Executive Member
3. Shamendra Singh – General Member
4. Rudraksh Khandelwal – General Member

Resolution 2 as annexed here was adopted by all present members to this effect.

Mr. Sanjeev Gupta requested that details of Kassia Committee meeting and its proposed action be shared in main Telegram Group and Sunil Sharma agreed to share meeting minutes of Kassia Committee in Main Telegram Group, though he advised that Kassia members of society are also having a separate 2 whatsapp groups, as many do not use Telegram and communication is flowing through their as well. 

Mr. Sunil Sharma asked for Kove Committee as constituted in 4th April 2021 meeting to convene and discuss the direction and steps which can be and needs to be taken by society so that potential allottees can be asked to be part of efforts of society by becoming members.

Mr. Sunil Sharma advised that as per general indication most of the allottees of Kove project wants refund and a minority also keen to seek construction and possession of flats is also present and society shall work resolution for both and not just majority.

Mr. Rajiev Malhotra stated that most allottees will need to know financial implication of construction of project and value of delivered flats and then cost paid by allottees in terms ROI and he suggested that there shall be a professional appointed to assess financial viability of project as well as if it will be beneficial for allottees to consider option of development and possession of flats. 

Mr. Rajiev Malhotra was of view that before filing application for de-registration of project, we must gather financial understanding of current situation and de-registration should not be carried out in haste as he understand that it would bring the project to out of ambit of risk coverage from authority perspective. So unless the highest level of authority gives assurance of risk coverage in case the construction completion formula (whatever homebuyers propose) fails post de-registration. He also mentioned that only successful project completion pan india are under the swamih scheme.

Sunil Sharma then stated that RERA carries out detailed project report to see feasibility as well as asks homebuyers to do so from their own end to ensure project viability before taking a decision on deregistration and allowing homebuyers to take over the project.
Mr. Maurya then suggested to appoint a Project Consultant to prepare such assessment and report and what data is required for him to do so and Mr. Rajiev Malhotra was asked to find a reputed consultant to do so for Kove Project. Mr. Rajiev Malhotra to come back with recommendation of names of such consultant and entities who can prepare such report by 9th July 2021.
Also it was suggested by Mr. Bobby Kalra and Mr. Rajiev Malhotra that for taking any next action on part of Kove, may be we shall wait what happens to lease restoration issue between JAL and YEIDA and then make strategy.
This point shall again be discussed in next meeting and prior to that a meeting of Kove Committee shall take place and put forth its views and recommendations.

Mr. Moher Singh, Mr. Sanjeev Gupta and Mr. Bobby Kalra to coordinate and fix the date and advise accordingly

– Continuation of Mr. Bobby Kalra as Treasurer of Society

– Changes in authorized signatories of Bank

As Mr. Bobby Kalra has sent his resignation letter on 25th February 2021 due to personal reasons and then then in Governing Body Meeting dated 27th February 2021, it was decided that Mr. Bobby Kalra shall remain treasurer till a replacement for him is appointed but his name shall be withdrawn as authorized signatory.

No action could have been taken in this regard due to Covid pandemic and related restrictions.

Today Mr. Bobby Kalra assured that he is willing to continue as Treasurer of Society and also will continue to operate bank account and his resignation shall be considered withdrawn.

No member has any objection to this and Mr. Bobby Kalra’s resignation is considered withdrawn by all members and members adopted Resolution 3 as annexed here regarding changes in Authorized Bank Signatories.