All
members may note that during GBM meeting on 25th April (during which ex-President,
General Secretary, Treasurer and School and Transport Treasurer resigned), ex-EC
informed GBM that the cheque signing powers can not be transferred because KYC
issue.
It
was approved that ex-EC will have the cheque signing authority. During the GBM,
it was understood that the cheques need to be signed by two ex-presidents (2012-14
and 2014-15) to make any payment.
However,
later the bank clarified that the cheque signing powers can be transferred
based on request of JASRWA. This was discussed in ad-hoc committee meeting and
appropriate papers were moved for signature of Ex-EC committee members. Unfortunately,
one of ex-EC member has objected for this by referring to GBM minutes.
The
ex-president for the period 2012-14 is not stopping any cheques, however the
other is holding many cheques since 23/07/2015.
The
ad-hoc committee wishes to inform all JASRWA members on this development that, we
are not responsible for any interruption in services due to non-availability of
funds.
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