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Conflict of interest in managing committee of housing soc

Querist : Anonymous (Querist) 21 October 2017 This query is : Resolved 
Hi, and Seasons Greetings
Can AB,an employee of Co uvw, which is part of Group XYZ LTD, be a member of MC of a CHS, under following conditions:
1. A sister-Co CDE, also in the Group XYZ, has developed the Soc, and has failed to deliver
2. Conveyance is not given, even after 5 years of initial occupation, and 3 years from completion
3. Deficiencies of Service, will cost upwards of Rs 100 CR to remedy / rectfy - besides compromises to lives of
property & equipments
4. Claims by MC have been raised very scantilly, and shabbily - and mostly without acknowledgements
5 AB is currently Secretary, and the Soc has to confront Co CDE
6. A lawsuit seems inevitable
Grateful urgent advise please - as Chairman & other MC-members do not see any problem, in AB continuing on MC
Thanks in advance
Rajendra K Goyal (Expert) 21 October 2017
No advice from me to an author who is anonymous.

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