Go No.

NDCB / 2017 / DDR-15 08 August 2017

To,
District Registrar,
Co-operative Society, Mumbai (1) City Office,
Malhotra House, sixth floor, in front of GPO
Fort, Mumbai - 400001
Subject: 86th Annual General Meeting - Naval Dockyard Co-operative Bank
Ltd.
References: Go to my letter. No. NDCB / 2017 / DDR-13d. 21 July 2017.
Sir,
My aforesaid letter and e-mail have been submitted to our offices and it is
expected that you have carefully scrutinized and verified this letter and any
other relevant documents.
I presented the detailed objections from the letter to The Naval Dockyard on
illegal settlement / proposals presented in the 86th Annual General Meeting of
Op. Bank Ltd., Naval Dockyard, Fort-Mumbai. That order was expected to
receive some interim reply / order from you, but I have not received interim
replies and orders in any form before or until the 86th Annual General
Meeting.
Organization's 86th Annual General Meeting, on 28 July 2017 evening It
started at 0430. Every year my representatives are present at the meeting, they
requested me to be present and to make rules for non-congressional discussion
/ approval, from my reference letter. But this time our representatives were not
present. Following information about the proceedings of the meeting:
(A) After the tribute to the organization's deceased shareholders, Chairman,
Vice President and Auditor felicitated. After that Speaker's speech, in which
formally speaking on the affairs of the bank, President Agenda no. Sub-clause
no. 5 Opinions made in favor of the 3rd Amendment and voted for members
encouraging the members of the meeting who were not theirs. But giving
direction to the directors The President (who is the post of President and Naval
Dockyard Chairman) has misconstrued the legal situation, and in later part of
this, the directors tried to convince and direct that the transaction of Rs 25
crore was correct in the state of Karnataka. From the actual Reserve Bank of
India and the Commissioner of Co-operation (Maharashtra), The Naval
Dockyard Co-operative Bank Ltd. Even though there are no legal permissions
to do so, the debt has been allocated to a large extent. Ma The President
supported the official directives from outside his jurisdiction and not limited to
formal speech.

(B) Later, the meeting was started by the Hon'ble Secretary of the History
Organization and according to the first meeting (according to the Annual
Meeting of the Annual General Meeting held on 29 August 2016). I read the
85th Annual Meeting of the General Meeting in a meeting held on December
23, 2016 in the Board of Directors, and in my letter (NDCB / 2016-100 dtd. 21
Dec 2016 and NDCB / 2016-101 dated 22 Dec 2016 ) Honorable Chairman
and Head of the Organization were informed. It did not include decisions made
and passed in the meeting and the decisions given by the Hon. President.
Before presenting this briefing before the board of directors, I requested that
the 85th Annual General Meeting (Video Recording) should be given and a copy
should also be given to get the copy of error in history. But if I did not give a
video recording of the 85th general meeting, the erroneous draft date has been
corrected. And now the same sad history has been read in the 86th annual
meeting which was very wrong and illegal. Not only this, some members of the
chronology were present in the objection. But without considering anybody's
objection, the honorary secretary has been forced to retaliate by not giving any
of its issues / objections to anyone, after having passed away with the support
of the rioting members and passed it. The President had silent and direct
consent. Immediately the members had to read the question-answers given in
writing and to remove the objections of the concerned members, but they were
deliberately ignored and rejected if requested. After that the Honorary Secretary
called Agenda II, Agenda 3 and Agenda 4, and passed without giving a
discussion or similar chance with the help of members of the riot. The
environment was completely corrupted and the governing director and the
president were asked to discuss and take action on any issue. The president
was not ready. The decision was taken in non-democratic, arbitrary and
oppressive manner, so the members of the meeting decided to withdraw. To
stop the type of case, Appeared before the President, I objected and requested
that the meeting should be conducted in a proper manner and preventing the
happening of the crime, but he did not pay any attention, but the honorable
secretary said that you can attend as well. Nearly 4 major agendas were passed
forcibly and on the objectionable agenda 5, 6 and 7 on my objection, I letter
number NDCB / 2017-35 dtd. 13 Jul 2017 and NDCB / 2017-38 dtd. In the
letter of 21 July 2017, the Honorary President, Honorary Secretary and Head of
the Bank had already been given, so in protest of the illegal activities of the
86th meeting, I joined with my co-operative director. Even though the
Maharashtra Cooperative Societies Act In 1960, the attempt was made to
perfect section 72, but in reality the legal matters still are incomplete and there
are no obsolete resolutions. The entire analysis done has come in the 86th
Annual General Meeting (Video Recording) and it can be done by requesting
from the bank and ascertaining the nature of the types. A meeting was held in
a while, and it was found that all the resolutions have been approved.
According to the above, the governing directors conducted 86 non-commercial
agreements on non-commercial basis and using the money / force power was
completed by rating and I had described the same through my earlier letters.
Sub-section suggested and passed in the 86th meeting. The objection has been
submitted before the office of the Maharashtra Co-operative Societies Act,
1960, regarding how inappropriate it is in the case, but the subject no. : Five
(5) Subject: Bye-Law No. 3 By Sub-Statute No. 3. 3 - The area of operation of
the bank will be confined to the whole state of Maharashtra / Western Naval
Command (Indian Navy- Ministry of Defense). Sub-Statute / Law No. 3 -
Operation Vertical Area of the Bank's Office with the entire state of
Maharashtra / Western Naval Command (Indian Navy) The Reserve Bank will
need the written approval and registration authority of the Reserve Bank for
any repetition in this regard. Sub-Sub-Modified Port Rule: Bye-Law No. 3 - The
area of operation of the bank will be confined to the whole state of
Maharashtra, Gujarat, Karnataka and units of Western Naval Command
(Indian Navy- Ministry of Defense). Subsection / Law No. 3- The area of
Operation Vertical Bank office will be limited to units of Maharashtra, Gujarat,
Karnataka and Western Naval Command. (Indian Navy) Ministry of Defense
Reason: To increase the Membership of the bank / to increase the membership
of the bank. Objections: "The Naval Dockyard Co-op Bank Ltd., Mumbai is the
state / Western Naval Command (Indian Navy - Ministry of Defense), according
to approved bye-bank. This means that the working area of the bank can not
be outside of Maharashtra and only workers / employees working in Western
Naval Command establishments can become members. As per Section 1 and 2
of the Bombay Co-operative Societies Act, 1960, as per section 2, the scope of
the registered institutions is limited to the State of Maharashtra. 2. Increasing
the area of work outside the state does not come under the law, and a proposed
sub-proposal proposal can not be taken in the general meeting. The change in
the prevailing rules in the bye-laws can not be overridden by the need for
written approval of similar legal mechanism (Reserve Bank of India and the Co-
operative Commissioner / Registrar) for revision. In Maharashtra Cooperative
Societies Act, 1960, there is no special concession and provision for Indian
Navy / Ministry of Defense (Government of India) in salaried servants -
servants or any other category. Even the Indian Navy or Defense's offices in
different states of the country and its employees are residing outside the
geographical jurisdiction under the Maharashtra Co-operative Societies Act,
1960, they are still in the legislation to remain in those states and to form a
registered bank member under the Maharashtra Co-operative Societies Act of
1960. ?? 4 According to the provisions of [2 (a), 6, 11, 18 C, 23 (4), 73ID and
89A] in respect of different sub-categories in the Maharashtra Co-operative
Societies Act, 1960, the area of work is generally the origin of a person under
Maharashtra Place is yes. Analyzing the act can not supersede any rule of the
bye laws of the organization, because the sub-subdivisions are made as per the
law framework. Hence, The Naval Dockyard Co-op. Bank Ltd. The approved
subdivision of Mumbai Bank 3, 4 (xxiii), 5 (xix) and other subdivisions, does
not endorse the banking system in any case beyond the limits of Maharashtra.
Reserve Bank of India's Master Circular no. DCBR.LS. (PCB) MC.No. As per the
date dated 01.07.2015, the area of primary (urban) co-operative banks is their
geographical area, which is included in the bank's subsection and it is
registered by the Registrar of Co-operative Societies. The change in this area of
work can be done through the general amendment by the bye-laws and it is
mandatory to send the same to the Registrar of Co-operative Societies office for
approval. Before accepting the change, the non-objection certificate of Reserve
Bank of India will be required. 6. Reserve Bank of India's Master Circular no.
DCBR.LS. (PCB) MC.No. As per the paragraphs '1.2' and '1.6', for the extension
/ extension of the dated 01.07.2015, the necessary conditions are also not
complete. It is as follows: - (i) Financially Sound and Well Managed UCBs as
per paragraph 1.2 (a) of this Master Circular The CRAR should be at least 10%,
which is the Naval Dockyard Co-op Bank Ltd. Mumbai is 9.13% (see Annual
Report of 2016-17, colored page 57). (Ii) In order to have an effective internal
control system in the Bank according to paragraph 1.2 (e) of this Master
Circular, there should be at least 02 expert directors in the Board of Directors.
I am also a director and also frequently reports to you that the internal control
system is not effective in the bank. Know By 2016, there were 2 expert
directors in the bank, he was a senior officer in Navy, he was working in a
phased manner. Subsequently, the posts of 02 directors were dropped down by
the criteria of the membership. There are so many members in the organization
of 15100 members who are experts and experienced in 'law and order,
economics, accountancy / finance'. I have written to the organization many
times in order to fulfill such provisions, but they were constantly ignored and
the reasons for this was relaxed to the servant co-operative society. (Iii) Core
banking system fully implemented under paragraph 1.2 (f) of this master
circular It is necessary. While the Core Banking system has been implemented,
there are complaints about some Employee Employees regarding this system.
(Iv) As per paragraph 1.6 (a) of this master circular, the Net Worth of the
recovered portion of the bank should be more than Rs. 50 crores. The Naval
Dockyard Co-op. Bank Ltd. Net Worth of Mumbai's recoverable portion is Rs.
33.78 crores (Deposits for the capital of Rs. 10.83 crores and reserve and other
fund Rs. 22.95 crores. For this information, please see the Annual Report for
the year 2016-17. ). Subject no. : Six (6) Subject: Considering and applying one
sum payment for 2016-2017 year. The subject is not even mentioned for
discussions in a meeting of Board of Directors, however, this topic has been
kept for the annual meeting, which is against community management and
democratic governance. In the last one year (26.08.2016 and 04.03.2017) the
settlement cases have been settled by sanctioned, while doing so.
Notwithstanding anything contained in the rules of Maharashtra, 3. Before the
86th Annual meeting, the bank's Chief Officer in reply to the letter of letter I
gave to the organization (my letter no. NDCB / 2017-35 dated July 13, 2017
and NDCB / 2017-38 dated July 21, 2017) NDCB / ADMIN / 624 / 2017-18
dated 19.07.2017 has informed that GR of Govt. Of Maharashtra 1807 /
PK459B / 7 / S dated 16.03.2016, as per this monetary payment cases, in
consultation with the auditor, in the AGM for regularization of cases of 2016-
17. 4. If this work is done without the permission of the General Body, then the
subject is just covering the mistakes made by the Chief Officer for which the
Chiefs of the organization are responsible. Subject no. : Seven (7) Subject: For
discussion and approval of policy of debt protection for the benefit of the
shareholders, There are rules about how to sanction debt as specified in 52 (a),
what should be the case for debtor. What is the credit / guarantee for a loan
from an institution should have been. Currently, the institution is financing 2
guarantees. At such a time, it is not possible to take into account the policy of
making a policy with only one insurance company, to take every debtor to the
two securities and loan securities insurance policy with the loan (from a
company designated by the directors only). According to the bye-laws, the
borrower can provide Personal Security and / or Surety as a guarantee /
guarantee. The fundamental right to decide what he chooses (Article 21 of the
Constitution of India) is to the debtors. No default rule can be construed by
abducting its original right. As a borrower, two securities for a single loan,
namely, loan insurance and 02 securities will be given. As a borrower, it will
take away your loan insurance from a company set by the directors. As per the
subdivision, the borrower can assign himself for his loan policy. My opinion
and legal provisions on this subject were given to the office bearers of the
NDCB / 2017-225 dated 31st May 2017 and NDCB / 2017-30 dated 19 June
2017. According to the RBI policy, how can a bank sell two products at once?
The Co-operation Department (Maharashtra Government) is included in the
'State List' section under Section 246 of the Constitution, it is called 'Union List
and Concurrent List' (Central and Convent List). It is not possible to interfere in
the work done under this team's list and concurrent list. Multi-State Co-op
Banking license is a work of the federal-government workplace. The Naval
Dockyard Co-op. Bank Ltd. The sub-disciplines that Mumbai wants to bring to
us. 3, which will lead the area of the organization to Interstate (ie,
Maharashtra, Karnataka and Gujarat), but the Board will submit its proposal
to the Co-operative Department (Maharashtra Government) to allow the
amendment, which is necessary to check the legality of this proposal.
Considering all the above objections and earlier complaints, we need to take
necessary action and the organization's complaint is illegal. Describe the
decision of the country / topic and to exclude the work done by the 86th
annual general meeting. Also, take appropriate action by ascertaining that the
86th Annual General Meeting is conducted in a very unfair manner. It is
expected that you should take legal action against the respondents as well as
responsible for the irresponsible guilty. Thank you, your faithful, (Mr. Avinash
Laxman Mhatre) copy: Ma. Co-operative Commissioner, 2nd Floor, New Central
Building, Ambedkar Wellesley Road, Pune, Maharashtra: 411001.