Laconic responses

When resident owners apply for bank loans, in most cases loans are rejected for non-production of original documents such as land ownership (encumbrance certificate from owner), occupancy certificate, details of carpet area and link documents relating to agreement with the departments concerned like electricity, water and sewerage. The residents’ welfare associations must be in possession of such documents and assist their members.

About most of the residents’ welfare association, the little said the better. Contrary to the constitution, yearly audit of the accounts is not done by a qualified and practising chartered accountant.

Even after decades of the registration, some associations at times pass resolutions asking for huge amounts with estimates running into lakhs of rupees for purposes such as painting, colouring, corpus fund and the like.

It is admitted fact that the ceremonial meetings of most welfare associations take place without quorum. The same office-bearers continue in the so-called committee. The Registrar of Societies should inquire into the functioning of the welfare associations as residents of middle income group are burdened.

K. SUBRAMANYAM

Hyderabad