Wednesday, 30 May 2012

Contribution from members as loan... for GF cause as per AGM resoultion

Hi to all members,

For the first time, in pursuant to the AGM resolution to contribute to the GF cause by the members, subject to maximum of Rs 10,000 ( in one instalment of Rs.10,000 or 2 instalments @ Rs 5000 each) has been passed, the members response is pretty positive and they have on the spot contributed to the cause close to Rs.70,000. The names of those members are published for the sake of the transparency. Any names missing from the following list, please update me to verify and account it as well. 

Up till now, no funds were collected publicly. Any contribution came in small way, it came as voluntarily contribution 2 years ago on account only. This is subjected to adjust after final accounts. In between last year Oct 2011, bowing to the pressure of the members, the loans were accepted by me. Now it is overwhelming to see the members coming forward to support with finances to get going. I thanks all those who argued and strongly supported in favor of the resolution to support me with funds to take it forward from here. I must respect their faith in me in my mind and account it as when it is possible. All contributions must be only in cheques for sake of accounting purposes and to avoid controversies. 

Even now all these funds coming in will be treated by me only as loans and advances from the members to avoid any impression of seeking funds for own use. Let us work out a formula later to see how much each and every members has to pay after final accounts and adjust their advances on actual basis and return if it is extra contributions to those members after collecting from those members who have not paid or call for balance if they have paid less what actual account is suppose to be. 

Loan and Advances Contribution by members during the AGM with their names, Plot No, amount & mode of payment













Name of the member Plot No
Amount in Rs Ch/Cash




Y.S.Ramaswamy
332
5000
Cash




Dr.M.Raghunath
27
10000
Cheque




K.P.Sharma
231
10000
Cheque




V.R.Hymavathi
485
5000
Cheque




ASV Chalapati Rao
58
5000
Cheque




A Usha Rani
59
5000
Cheque




E Arvindhashan
222
5000
Cheque




Maria Antony
471
5000
Cheque




K Saibaba

367,368
5000
Cash




NSR Murty
332 B
5000
Cheque June cheques



U Madhusudhan Rao
327 B
5000
Cheque June cheques



RC Nair

494 A
5000
Cheque




Total


Rs 70000



















Less AGM deficit paid from the account Rs 25030



















Balance transferred to pool for expenses Rs 44970



















Hope this format is ok with you all? Now I only appeal to all those members who have not contributed so far at in last 3 years must come forward and support liberally for the first time. It will give sense of belonging and you will feel of your responsibility.  All the cheques can be sent in the name of S.Chandrasekhar, payable at Hyderabad to deposit in to 3 members joint account to be opened in the name of Mr.Inayat Hasan, Joint Sec, Dallappaiah, Treasurer and me as escrow account, on any 2 of the signatures out of the 3. As soon as the case is settled, we will change the bank from Vijaya Bank to some other professional bank like Axis Bank, since the Vijaya Bank aided and abetted the forgery of the illegal association and it is better to shift to an more professional bank. 

Also, the contribution should not be made in to any controversy and I request those who feel not sure and do not have self belief need not join in contributing and wait for some time. Only those who believe that they are with right horse in the race must come forward. 

Thanking you,
With best wishes,
Yours sincerely,
For GFPOA,
S.Chandrasekhar,
President ( Legally Elected as per court order and AGM approval)

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