Rectification report of society accounting

Ajay Kochar (Querist) 30 September 2019 This query is : Resolved
I am living in a society having 168 members located at dombivli Maharashtra. My query is If managing committee not submit the rectification report of FY 17-18 within stipulated period and even after not filling the same they get account approved in AGM from General body for FY 18-19. What impact on managing committee or society member for non filling of rectification report for FY 2017-18. Is there any penalty, fine, etc charges for the same? Even no any singly income tax return they filled from FY 13-14 to 17-18.

Kindly revert on the same.

Ajay Kochar

Follow Query

Report Abuse

Kishor Mehta (Expert) 30 September 2019
You should demand a written explanation from the Managing Committee and endorse a copy of your demand request to the Dy. Registrar of CHS of your zone.

kavksatyanarayana (Expert) 30 September 2019
Yes. agreed with the advise of Mr.Kishore mehta ji.

Ajay Kochar (Querist) 01 October 2019
Thanks for your revert. Sir as per there behavior from the last one and half year, I think they refuse to issue the same then what is the next step I will take?

Dr J C Vashista (Expert) 02 October 2019
Did you raise the issue before AGM or Managing Committee in writing? If so, what is their response? If no, write it now.
It is advisable to seek professional services of a local prudent lawyer with relevant records (if available) for proper appreciation of facts/documents, guidance and proceedings

Ajay Kochar (Querist) 02 October 2019
Yes, before AGM written a letter about rectification report even auditor also put remark in her audit report/observation about non submission of rectification report.