NEW MANAGEMENT COMMITTEE TAKES CHARGE

1. The new Managing Committee has taken over charge of the Society with effect from 2130 hrs on 14 Sep 2008.

2. The state of accounts taken over is appended below:

(a) Cash Balance in HDFC Bank Ltd - Rs 10, 31, 357/-*

(b) Cash Balance in DSC Bank Ltd - Rs 1, 03, 660/-

(c) Cash in Hand - Rs 9, 140/-

(d) Fixed Deposits in DSC Bank Ltd - Rs 12, 00, 000/-
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Total - Rs 23, 44, 157/-
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* Includes Rs 7, 50, 000/- contributed by
50 members @ Rs15, 000/- each for
Rana Construction Case


3. Liabilities Taken Over.

(a) Electricity Bill for Aug 08 - Rs 2, 40, 597/-

(b) Security Agency Bill for Aug 08 - Rs 37, 191/-

(c) Telephone Bill for Aug 08 - Rs 2, 311/-

(d) Chand Construction Co. (As per direction
of Delhi High Court) - Rs 29, 64, 656.13@
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Total Liabilities - Rs 32, 44, 755.13
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@ Negotiations with Chand Construction Co.
are on to Reduce the Actual Amount to be
Paid.