x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Back Issues  
 
news details
Registrar Cooperative Societies installs another chairman SCHBS
2/4/2016 12:29:55 AM
Avinash Azad

Early Times Report

Jammu, Feb 3: Register Cooperative Societies, who is supposed to be guardian of cooperative societies' in state, has thrown the rules into dustbin as he has installed one more chairman at Sainik Cooperative House Building Society (SCHBS).
Sources informed Early Times that in September 2015, four directors of the management committee of SCHBS, without any prior notice and with backing and apparent instigation of Registrar co-op societies J&K, sprung a surprise on the Chairman and other two directors that they want to elect new chairman. The chairman along with directors left the office as it had been crowded then to avoid any untoward situation.
"In the meantime and in absence of the Chairman, the rebel directors appointed themselves and in the meanwhile a Deputy Registrar was found rushed to chairman's office to give his official support to the new installed chairman", alleged one of the director SCHBS, adding that the rebel four directors didn't have the two third majority, required under the Act to remove the chairman and hence the move failed but the new unlawfully installed chairman, has taken the post.
However, the legally elected chairman had contacted the Registrar and apprised him of the facts but, the registrar for obvious reasons just marked time.
"After lapse of some weeks the Registrar issued a show-cause notice, which stated as to why he shouldn't make alternative arrangements as the management is apparently unable to function followed by visit to colony office where he was told by both groups that they couldn't work together", the director said.
He further said that, inexplicably thereafter, rather than dissolving the management, appointing an administrator and arranging for fresh elections, the Registrar issued an order without specifying any authority under the co-op Act to appoint a committee himself without removing the incumbent chairman.
"However, the matter is pending before the tribunal awaiting verdict. But in the interregnum, lot of property is being transferred to unentitled persons, involving several crores of black money changing hands with criminal involvement of the management, and patronage of Registrar and others in authority including the leaders and the concerned minister", he added.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU