Site news

“SHAKARA SOUDHA”BEING BUILT ON THE"GRAVE” OF THE CO-OPRATIVE SOCIETY IN BENGALURU

 
 
Picture of System Administrator
“SHAKARA SOUDHA”BEING BUILT ON THE"GRAVE” OF THE CO-OPRATIVE SOCIETY IN BENGALURU
by System Administrator - Monday, 27 April 2015, 11:12 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bangaluru:: Chief minister Siddaramaiah is misguided on "Shakara Soudha” .He is requested not to do Bhoomi Pooja for it as it is being built illegally on a site belonging to Malleshwaram Co-operative Society Limited . Liquidator has not paid anything to 6661 share holders and legitimate demands of 66 emloyees Injustice done to co-operative moment .The co-operation department itself has killed a prominent co-operative moment in Bangalore. Liquidator ofMalleshwaram Co-operative Society Limited has committedfraud under 420 and tress pass under 448 and criminal intimidation under 505and188 and 166 and 166A 447 AND 448 of IPC of IPC by transferring the assets to RCS as liquidator has no authority to transfer the properties to any society under the Co-Operative Act or Circulars' and guidelines in respect of Liquidation . They have sold property without auction and they have transferred the property to RCS without authority of law and demolished the valuable building belonging to share holders and without conducting AGM without approval of AGM.

The general body ofMalleshwaram Co-operative Society Limited is the supreme authority in the affairs of its functioning and till date M.D.Narsimha Murthy Joint Registrar co-operative Societies and Liquidator Malleshwaram Co-operative Society Limitedand Joint /Additional Registrar Co-operative Societies (Consumer and Marketing) Bangalore andSri Chenappa Gowda IASRegistrar co-operative Societies in Karnataka Tel: 22252036 have not conducted any single meeting after liquidation orders were issued by department.Take legal action against M.D.Narsimha Murthy Joint Registrar co-operative Societies and Liquidator Malleshwaram Co-operative Society Limitedand Joint /Additional Registrar Co-operative Societies (Consumer and Marketing) Bangalore andSri Chenappa Gowda IASRegistrar co-operative Societies in Karnataka Tel: 22252036 for abetting the crimeand violating the Act or Circulars' and guidelines in respect of Liquidation .

No fresh calculation of enhanced payments as per Payment of Gratuity Act, 1972 (hereinafter called the P.G. Act) as amended by Act 11 of 1998 Act. The Liquidator Malleshwaram Co-operative Society Limited has to provide enhancement in gratuity and PF and PF Pension and salary as per Karnataka high court order (Three Benches) on 17-11-2003 in N.S. Srinivasamurthy And Ors. vs The Registrar Of Co-Operative ... on 17 November, 2003.Let the liquidator calculate all payments as on 1999 and pay with 18% interest per year for 15 years up to date to all 66 employees or pay a consolidated 5 lakhs each to 66 employees.