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1st September’2012 

MINUTES OF ANNUAL GENERAL BODY MEETING

HELD ON 12TH

 AUGUST’2012 

The Annual General Body Meeting was called at 10.00 am but was adjourned for 

want of quorum. The adjourned meeting started at 10.30 am. Mr. Muhammad Ishaq Siddiqui was proposed to chair the meeting by Mr. Mir Anwar and

seconded by Mr. Adam Chougle.

Following Resolutions were passed during the Annual General Body Meeting.

RESOLUTION NO. 1

RESOLVED to approve the Audited Statement of Accounts and Balance -Sheetfor the year 2011-2012 as there were no queries or objections.

Proposed by Mr. Tajwar Mir

Seconded by Mr. Anwar Mir

Passed unanimously

RESOLUTION NO. 2

RESOLVED to confirm and approve the minutes of last AGM held on 14 th 

 November’2011. 

Proposed by Mr. Masood Mansuri

Seconded by Mr. Yaseen Kherani

Passed unanimously

RESOLUTION NO. 3

RESOLVED to authorize the Managing Committee to appoint a suitable Auditor for the year 2012-2013.

Proposed by Mr. Amin Mansurie

Seconded by Mr. Ghaffar A. Karim

Passed unanimously

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RESOLUTION NO. 4

RESOLVED to allow the Developer to fix Tin Sheets around the compound wall

of our Society to check any kind of encroachment but the demolition of buildings

will be allowed only after :1.  Final IOD plan is approved by the Society and its Project Management

Consultant (PMC).2.  Atleast two designs of Elevation for Tenant Tower is submitted and

approved by the Society.3.  Elevation of Sale Tower alongwith total Plot lay-out is submitted and

approved by the Society.

4.  Bank guarantee is furnished.

Proposed by Mr. Sikandar Shaikh

Seconded by Mr. Ahmed JanPassed unanimously

RESOLUTION No. 5

RESOLVED to surrender the Electric Meters belonging to the Society, as majority

of the members have moved out and society has stopped raising maintenance bill

to stayed-back members since July’2012 except the shop owners who don’t wantthe rent component but have agreed to be shifted in compound itself, during the

demolition and re-construction.

Proposed by Mr. Asadullah Khan

Seconded by Ms. Zubeida Surti

Passed unanimously

RESOLUTION NO. 6

RESOLVED to inform that members/occupants who have still not vacated the

 premises for redevelopment process that according to Development Agreement

Society is liable to pay a penalty to the Developer @ Rs. 10,000/= per day from 1 st July’2012 onwards. The aforesaid penalty will be deducted from the Corpus Fund

of these stayed-back members. 

Proposed by Mrs. Salma Qureshi

Seconded by Mrs. Yasmin Hasan Shaikh

Passed unanimously

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RESOLUTION NO. 7

RESOLVED to authorize the Managing Committee to re-negotiate and renew the

contract of Mr. Ramesh Khanolkar (PMC) for the rest of the period of Re-development.

Proposed by Mr. Taki Hasan

Seconded by Mr. Qayyum Qureshi

Passed unanimously.

RESOLUTION NO. 8

RESOLVED to pay Rupees Three Lakh to Mr. Keshav and Rupees Two Lakh toMr. Shakoor as a token of gratitude to both the security personnel of our Society

working for last 20-25 years with utmost sincerity, humility and honesty.

Proposed by Mr. Muhammad Ishaq Siddiqui

Seconded by Mr. Zahid Ali Shaikh

Passed unanimously

AGM was concluded with thanks to all the members for their co-operation, support

and confidence shown towards Managing Committee.

Mr. Muhammad Ishaq Siddiqui Mr. Zahid Ali Shaikh

(Chairman) (Hon. Secretary)