NAME AND ADDRESS OF THE DIRECTORS OF THE MANAGEMENT BOARD OF THE SOCIETY AS ON 31-03-2012. 1) GL No. 6** 6) GL No. 1492** Shri. K.V. HARINATH Smt. Rokkam Renuka Saisadanam, Door No. 15-11-24 W/o. Venkateswara Rao Gupta Street, Bheemunipatnam – 531 163 Rokkam House, Door No. 15-1-36, Tel No. 08933 229149, 9849556101 Nouroji Road, Maharanipeta [email protected] Visakhapatnam - 530 002. 2) GL No. 2030** Tel No. 0891 - 2535943 Shri. Vusirikala Mallikarjanudu 7) GL No. 4115** S/o. (Late) Soma Satyanarayana Shri. Mulagada Surya Rao Door. No. 2-1-22, Haji Sheriff Street, Divya Shakti Appartments Vizianagaram – 535 001 Door No. 49-53-20/19, Flat – 2C Tel No. 08922-224348, 9440193426 B.S. Layout, Behind 4rth Town Police Station [email protected] Visakhapatnam – 530 013 3) Gl No. 5538/3 Tel No. 0891 – 2537704, 9989590953 Shri. V. Vijaya Kumar [email protected] Door No. 45-58-7/5/3, Flat No. 104 8) GL No. 4756** Sampath Arcade, Narasimhanagar Shri. B. Krishnam Raju Visakhapatnam - 530 024. Addl. S.P. (Rtd.,) Cell No. 9849338104. Door. No. A-18, Dayal Nagar Colony [email protected] Visalakshinagar (Post) 4) Gl No. 5140 Visakhapatnam - 530 043. Shri. Marupilla Ramasatyam Tel No. 2552235, Cell No. 9440156877 S/o. Narasimham 9) GL No. 4358** Res:- Peddipalem Village Shri. G. Satyanarayana Anandapuram Mandal Flat No. 307, Door No. 10-3-8/27 Visakhapatnam District. Vaisakhee Residency, Kailasa Metta Cell No. 9440277873 Opp. Sampath Vinayaka Temple 5) GL No. 5040** Visakhapatnam - 530003. Shri. S. Uma Maheswara Sharma Cell No. 8985181599 Swarna Agri-tech Consultants Engineers [email protected] Plot No. 96, Kamalapuri Colony 10) GL No. 2374** D. No. 8-3-833/96, Srinagar Colony Extension Smt. V. Mangathayaru Hyderabad - 500 073. C/o. Prof. V.K. Kumar Cell. No. 9848517070, 040-23739717. Flat No. 407, "Merridian Seashells" [email protected] Seashells Campus, Dasapalla Hills Near Governor's Bunglow Visakhapatnam - 530 003. Tel No. 0891- 2550224. [email protected] 1 CONTENTS SL No. Section Description Page Nos 1 2 3 1 Preamble 2 2 Membership 3 - 4 3 Management Board 4 - 7 4 Activities 8 – 10 5 Finances 10 – 11 6 Man-Power 11 7 Annexures 12 - 55 2 ANNUAL REPORT 2011 – 2012 1. PREAMBLE 1.1. The Bheemunipatnam Mutually Aided Co-operative Building Society emerged as an autonomous Society with effect from 01-04-2008 under the Andhra Pradesh Mutually Aided Cooperative Societies (APMACS) Act, 1995 by converting the Bheemunipatnam Cooperative Building Society established on 29th May, 1970 under the APCS Act, 1964. The Management Board of The Bheemunipatnam Mutually Aided Cooperative Building Society presents its fourth Annual Report for the year 2011 - 2012. 2. MEMBERSHIP 2.1. The membership of the Society, as reported earlier, stands at 2301 as on 01-04-2011. 2.2. The number of members under Scheme – 1 was 1,994 as on 01-04-2011. There was no admission of new members into this Scheme during the year. Further, 10 members withdrew their membership from the Scheme-1 vide Annexure - 1. Also, 40 members transferred their membership to their kith and kin, vide Annexure - 2. Thus, the number of the members under this Scheme stands at 1,984 as on 01-04-2012. 2.3. Out of these members, 1529 members who paid the contribution as per the circulars dated 19-08-1980 and dated 28-01-1985 are only eligible for a plot under Scheme – 1 as per the decision of the General Body at its meeting held on 31-05-1998. From among these only 1199 members either fully or partly remitted the Special fund and land cost till the end of the year. In addition, there are 238 members on the wait list for Scheme-1. 2.4. There were no admissions or withdrawals from Scheme - 2 during the year under report. Thus, the number of members under this Scheme remains at 101 as on 01-04-2012. 2.5. There were neither admissions nor withdrawals from the Scheme during the year. Further 6 members took refund of excess amount vide Annexure - 1. Thus, the number of members under the Scheme-3 stands at 145 as on 01-04-2012. 3 2.6. The number of members under Scheme-6 was 61 as on 01-04-2011. No new members were admitted into this Scheme. Further, no member took refund and withdrew his membership. Thus, the membership to this Scheme stands at 61 members as on 01-04-2012. 2.7. Accordingly, the number of members of the Society stands at 2,291 as on 31-03-2012, as under: Schemes No. of Members Scheme – 1 1,984 Scheme – 2 101 Scheme – 3 145 Scheme – 6 61 3. THE MANAGEMENT BOARD 3.1. The Board as on 31-03-2012 was as under: 1. Shri. K. Venkata Harinath President 2. Shri. V. Mallikharjunudu Vice-President 3. Shri. V. Vijayakumar Secretary 4. Shri. M. Rama Satyam Director 5. Shri. S. Uma Maheswara Sharma Director 6. Smt. R. Renuka Director 7. Shri. M. Surya Rao Director 8. Shri. B. Krishnam Raju Director 9. Shri. G. Satyanarayana Director 10. Smt. V. Mangathayaru Director 3.2. The office bearers of the Board as on 31-03-2012 were as under: 1. Shri. K.V. Harinath President 2. Shri. V. Mallikharjunudu Vice - President 3. Shri. V. Vijaya Kumar Secretary 4 3.3. The Board met 7 (seven) times during the year under report, on 4th May, 2011, 26th June, 2011, 31st July 2011, 4th September, 2011, 6th November, 2011, 8th January 2012 and 26th February, 2012. 3.4. The year under report was a lull year with no significant progress and tangible outcome. It remained only a year of continuous and regular pursuit of the issues confronted by the Society. The only important event of the year was filing of a Contempt of Court petition in the Hon’ble Supreme Court and submission of an application to Visakhapatnam Urban Development Authority for approval to the Scheme-6 layout. 3.5. The Board during the year at these seven Board meetings deliberated on various issues related to the Society and decided as under: 3.5.1. It discussed and drawn out a procedure for processing the remittance of contributions from members of the Scheme-1 and other Schemes. It laid down the procedure as; - To fix a last deadline date for receipt of land cost for Scheme – 1 as 31st March, 2012 in case of members who remitted according to the two appeals in 1980 and 1985 as these are only eligible, initially, for a plot under Scheme-1 as per the decision of the General Body at its meeting on 31-05-1998. - to receive land cost contribution from the first twenty members who were on the wait list and paid only the first installment contribution till 20th May, 2012. - to levy a penalty of Rs. 5,000/- for delayed payment to the Special Fund and another Rs. 5,000/- for delayed payment of the land cost contribution to distinguish the late remitters from the in time remitters. - to consider the disqualification aspect in case of all the defaulters (including the contribution to Thrift Scheme Deposit) for three or more years. - to work out the exact number of members of Scheme-1 for allotment of a plot to facilitate the calculation of the possible plot size. 5 3.6. The Board pursued the case of Amendments to the Bye-Laws as approved by the General Body at its meeting on 08-05-2011 with the competent authority for its approval and secured the approval of the concerned vide letter No. Rc. No. 1626/2011 C (Coop) dated 17-11-2011 from the District Co-operative Officer, Visakhapatnam (Annexure – 3). 3.7. The Board buoyed up at one point of time on understanding that the issue of securing the PATTA for the Scheme-1 is on the verge of successful completion of its efforts, debated upon the future plans and programmes for the Society and decided on the following plans - To consolidate and clear the hurdles for developing the Scheme-4 layout for which a major chunk of about 13 Acres of land was purchased by the Society in 2007 when the demand for plots was at its peak. - to initiate action to revive and undertake the development of a prestigious week–end homes layout as an outsourced venture. - to plan and create a land bank when the land prices are reasonable and stable to facilitate the planning of future programmes such as an apartment complex, home for elders etc. - to contemplate and envisage programmes of significance as outstanding ventures. 3.8. Further, the Board spent considerable time and thought to prepare an outline for the proposed layout for Scheme-1 so as to ensure that the layout will be an integrated all inclusive layout of current technology and reflect the world class standards for a comfortable and hygienic stay of its residents. 3.9. The Board as a continuation of this optimistic mood, envisaged installation of a “Website” for the Society and provide web services to its members. Also, the Board decided to restructure the Society office to extend and offer effective and better services to the members. 3.10. However, the Board deliberated upon a contingency plan, on a review of the financial position particularly on account of the significant expenses incurred during the year to meet such a possibility, in the event of unfavorable developments in adverse situations. 6 3.11. The Board secured the necessary approvals from the respective Panchayats and filed an application to VUDA for approval to the layout at Scheme-6 on 26-06-2011.