From:
Mrs. Deepa Tidke
8, Nandanvan, 4th Road, TPS-III,
Santacruz-East, Mumbai – 400 055
To,
The Chairman,
MIG Cricket Club,
Bandra – East, Mumbai
Date: 29th May, 2012
Re.
Objections re. Annual Accounts 2001-12 proposed to be approved in
the EGM to be held on 16th June, 2012
Dear Sir,
I request you to kindly place this letter before the Extra-Ordinary Meeting to be held on
June, 2012 to ‘Approve the Annual Accounts’ which were earlier rejected by the adjourned
AGM.
16th
1) On the outset I fail to understand how the Board of Trustees can order the Managing
Committee to call for an EGM to APPROVE THE ACCOUNTS’? The accounts were
rejected earlier by the General Body and the same as it is cannot be placed for its
approval by calling one more General Body meeting! What happens if the EGM rejects
it? Will the Club call for another EGM for its approval?
2)
I sincerely request the Managing Committee and the Board of Trustees to:
a) Circulate the objections raised by the members including those raised by me
wide my letter dated 29th Nov., 2012 along with explanations of the Management
amongst all the members along with the notice for the EGM; or alternatively,
b) Restate the accounts to be audited and certified by the newly appointed Auditor and
send it along with the EGM notice to all the members.
3) Majority of the members are in dark of the rejection of the accounts and reasons for the
same, if any, placed before the AGM. Minutes of the said last AGM are still not ready.
Acceptance or rejections of the explanations offered by the Management to a handful of
the Members and then calling for an EGM for its approval is not proper.
4) You may appreciate that hardly 100-200 members attend a General Body meeting as
many of the Members decide to attend it or not depending on the facts put before
them.
You may appreciate that the objections raised by me were not placed before the AGM. To
reiterate, it mainly concerned about:
Capitalization of the building repair expenses of Rs. 1,00,95,737 that resulted into
overstating the ‘Surplus’ to that extent for the year 2010-11.
Reduction in the ‘Bar’ revenue in spite of rate raise and bar becoming overcrowded over
the period; I had proposed to place before the AGM a Stock reconciliation Statement.
Apparent discrepancy in Membership fee collection; I had proposed to place before the
AGM details of the names and amount collected against each of the new member so
admitted during the year 2010-11.
Recoverability and details of the Loans & Advances aggregating to Rs. 1,87,30,533
outstanding for a long time.
The whole process does not bode well for Transparency in the Management of the Club.
I request you to kindly put this letter on the notice board of the Club for the benefit of the
Members and oblige.
Thanking you,
Yours sincerely,
Deepa Tidke
Life Member LT-1811
Copy to:
The General Secretary, MIG Cricket Club
The Trustees of MIG Cricket Club