Central Government Employees Welfare Housing Organisation has been set up under the aegis of Ministry of Urban Affairs and Employment, Government of India to undertake Group Housing Schemes for the Central Government Employees, on all India and no profit no loss basis.
The scheme for execution of the project at Calcutta was announced in November 1992. The project is being executed on 9.75 acres of land acquired through M/s Simplex Concrete Piles (India) Limited, who have been appointed for the execution of the above project, on turnkey basis. The site is located on VIP Road at a distance of approximately 3.0 kms from Dum Dum Airport towards Calcutta.
Spacious car parking facility with every alloted flat or block.
Dedicated water punping stations working 24x7 to give unlimited water supply.
Perfect location in V.I.P. Road which gives you better transport facility.
Central ST Plant
23 Feb 2015
22 Feb 2015
16 Oct 2014
Statutory Audit Report of
Kendriya Vihar Cooperative Housing Society Ltd.
Mandalganthi, Near Kaikhali, VIP Road, Kol-52.
Year of Audit – 2013-14
Being authorised in terms of memo, 1626 DA dt.01.08.2014 of Addl. Director of Cooperative Audit, West Bengal, I conducted and completed the statutory audit of above named society for the period from 01.04.2013 to 31.03.2014. Now, in continuation of my usual report at the foot of the Balance Sheet, I would like to give my separate observations on it’s administration and accounts as reflected in the balance sheet as at 31.03.2014 as follows.
Notice: A verification notice was served to the society inviting all members, Debtors, creditors and all concerned to verify their balances (dr/cr) as on 31.03.2014. As none turned up, the balances produced by the management was taken as final. Points of my observations are as follows:
Membership: The membership of the society is confined within 576 flats under it’s jurisdiction at above mentioned address for it’s 576 members including their family. During the year under audit, 04(four) changes have been occurred due to death and membership ‘Transfer to Nominee’ and 07(seven) changes have been occurred by way of ‘Sale Deed’ and the membership have been transferred as ‘new members’. The “Members’ Register” is required to be kept with up to date entries. Total number of members as on 31.03.2014 stood at 576(Five hundred Seventy six) with last Sl. No. in the Members Register as on 31.03.2014 at 694.
Management: Management of the society is vested upon a “Board of Directors” consisting of 12(twelve) elected members. Existing Board had been constituted in the AGM held on 08.07.2012. The society has no paid staff of it’s own but maintenance and other various works are done through Agencies on contract basis including security.
Meetings: During the year under audit, the Board of Directors met in 11 (Eleven) meetings. The Annual General Meeting for the year 2013-14 was held on 14.04.2013 in presence of 218 members. The last Annual General Meeting was held on 29.06.2014 in presence of 217 members. Last Half-yearly General Meeting was held on 05.01.2014 in presence of 204 members.
Share Capital: The Authorised Share Capital of the society as per its by-law is Rs.2,00,000.00. Paid up share capital as on 31.03.2014 was Rs.1,15,200.00. Share Ledgers have been verified. Pending entries should be completed. Detailed list in this respect agreed.
Share Suspense: Rs.17,000.00. This is a unsettled amount. The amount is being brought forward for a few years. Detailed list in this account head could not be available. Previous Audit Officer also gave his observation in this respect.
Capital Fund: Rs.42,37,126.00. The amount was handed over to the management by CGEWHO after registration of the society for maintenance purpose. The management invested the same separately in the shape of Fixed Deposit (Gen) amounting to Rs.43,20,000.00.
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Statutory Funds: The society had the following statutory funds as on 31.03.2014:
Reserve Fund: Rs. 1,50,298.00
Bad Debt Fund: Rs. 1,97,960.00
Coop. Education Fund: Rs. 20,986.00
Maintenance Charge Received in advance: Rs.6,00,705.00. Detailed list in this respect was produced for verification. Total amount of balance sheet agreed with the detailed list figure.
Audit fees: Rs.17,280.00 has been assessed as audit fee for the year 2013-14.
MPLAD Fund for Tube Well: Rs.2,74,400.00. The Tube Well is totally damaged. The amount may be diminished through Income & Expenditure A/c.
Extension of Flat Funds: In respect of this account head the audit observations of previous year (2012-13) by Krishnendu Sinha, ACS may kindly be noted. During the year under audit, the interest earned for Rs.1,605.00 from the SB A/c. relating to this head of account and an amount of Rs.10,583.00 recovered from the excess earnest money paid previously in this respect have been added for diminishing the negative balance in the balance sheet.
Investment: Investment in the shape of Fixed Deposit as General head and as Reserve Fund have been verified and found OK.
Receivable from Members: The society produced Detailed lists in respect of various dues relating to maintenance and other account heads. The book balances are found in conformity with the figures shown in detailed lists.
Cash in hand: Cash in hand as on 31.03.2014 was Rs.1,190.35.
Cash at banks: As on 31.03.2014 the balances with different banks have been verified and found in order.
Miscellaneous: a) The books of accounts should be kept as per cooperative Acts, the Rules and the Bye-laws of the society.
b) The observations made herein above should be reconciled forthwith.
Lastly I convey my sincere thanks to the management for their kind co-operations from the part of the Board of Directors at the time of audit work.
(Dipak Chandra Ghosh),
Senior Auditor Grade-I,
North 24 Parganas Range, Barasat.
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Extension Of Flats
Access Road through Peerless Complex