Dear Sir,
I am residing at Vikhroli - Mumbai in a non-conveyance Cooperative Housing Society.
There was Managing Committe formed in year 2000. No member excecuted M-20 Bond. The renovation & repair
work carried out by Managing Committ in year 2004 to year 2005 with bank loan against Society. There was
misaaplication of repair fund. After that Chairperson sold her flat & left society.
Out of 16 member only 8 members is paying loan repayment & maintenance charges rest 8 members (including
me) are not due to dispute with society. Society registered case for recovery against those 8 members to
Registrar of cooperative bank in year 2008-09. The Managing Committe failed to show details of dues
outstanding for each member. So we 8 members won case & registrar said as Managing Committe has not
excecuted M-20 Bond & hence not a valid Managing Committe & has no right to recover any amount or send
bills. So committe has stopped sending bills.
The Society Accounts not Audited since year 2005.
The thing are going as it is as as there is no response / action taken even after writing & making
complaint against society to Deputy-Registrar.
Last week Secretory has passed away in May-2012 & now only treasurer is available.
Now few people called meeting for election. We have elected Chairman, Secretory, treasurer & other two
members. The Chairman post is given to me.
Now I have to excecute M-20 bond.
Now my question is
1) Can I become Chairman of the Society, if yes
2) Should I accept this position & go ahead with M-20 bond
3) Will I be responsible for Previous misapplication as well
4) Can we recover misapplicated amount from prevous committee members?
5) As new committe will not receive all handover / or documents & it will difficult for me to take proper decision.
6) Can we start all fresh transaction like maintenance, etc & forget all old socoety dues.
7) As repair Bank loan is taken by old committe (without M-20 bond), can we treat this loan given on basless documents & by not veryfing necessary documents.
Please guide us.
Thanks in advance
