Shankar Hills
Shankar Hills Plot Owners Mutually Aided Cooperative Housing Society Limited
About Shankar Hills Colony
The pattadars had obtained sanction for the layout for 3328 House plots from the Gram panchayat Vattinagulapally, Rajendranagar Mandal, Ranga Reddy District., covering an extent of Ac 460.06 Guntas in Survey Numbers 111, 134, 135, 136, 137, 138, 139, 146/A/1, 148, 149, 150, 151, 152, 153, 154, 155, 156, 157, 158, 159/A, 161, 162, 165, 166, 171, 178, 179, 180, 181/A, 183, 189, 190, 191. The pattadars jointly constituted SRI. N. RANGA REDDY SON OF LATE. N. VENKAT REDDY as their GPA Holder with Registered Irrevocable GPA at the District Registrar, Ranga Reddy District., vide Document Nos. 47/1983 of Book 4, Dt. 04/03/1983 and 53/1983 of Book 4, Dt. 14/04/1983, delegating all powers to convey the plots to the respective purchasers. Most of the plots were sold with registered Sale Deeds between 1983 and 1986.
Consequently, the purchasers of plots in the Shankar Hills Colony Layout have been recognized as absolute owners since 1983.
About Shankar Hills Society
- The Shankar Hills Plot Owners Mutually Aided Cooperative Housing Society Limited (SHPOMACHS) was officially formed on the 22nd of January, 2024 with registration no TS/RRD/MACS/2024-10/HSG under section (5) of the Telangana Mutually Aided Cooperative Societies Act Of 1995.
- The registered office of the society is located at Plot No.51, Door No.2-119/48, Street No.10, Panchavati Colony, Sri Lakshmi Layout, Manikonda, Hyderabad, Ranga Reddy District, Telangana-500089.
- The objective of the Society is to promote economic and social betterment of its members through thrift, self-help, mutual aid and by providing a dwelling house, in accordance with the principles of cooperation as enunciated in Section 3 of the Telangana MACS Act 1995.
- The Shankar Hills Plot Owners Mutually Aided Cooperative Housing Society Limited (SHPOMACHS) with registration no TS/RRD/MACS/2024-10/HSG under section (5) of the Telangana Mutually Aided Cooperative Societies Act Of 1995.
- The registered office of the society is located at Plot No.51, Door No.2-119/48, Street No.10, Panchavati Colony, Sri Lakshmi Layout, Manikonda, Hyderabad, Ranga Reddy District, Telangana-500089.
- To avail or any of the services rendered by the society.
- To exercise his/her vote subject to the restrictions stipulated in the Act and the byelaws.
- To receive copy of the annual report and accounts.
- To be elected as Director provided that he is eligible to contest in the election.
- To a share in the surplus based on his/her transactions with the society and interest on his share-capital in the society.
- To see his own accounts and obtain a copy on payment.
- To see audited statement of accounts, reports on the audit, special audit and inspection and compliance report thereon and the Act and bye-laws with up-to-date amendments.
- To receive copy of the minutes of the General Body meeting.
- To have a copy of registered bye-laws of society at cost.
PRESIDENT – G. Narsimha Reddy
Vice President – D. Gopi Krishna
Secretary – L. Yugandhara Babu
Joint Secretary– Ravikumar Suryadevara
Treasurer– G Rajitha
Directors
M Rama Rao
N Raveendra Babu
A Ravindranath
I Srinivas
Our Objective:
To protect the property by preventing any unscrupulous elements indulging in any illegal transactions, tress-passing and occupations in the Layout.
- To develop the Layout by surveying and demarcating all the plots, fixing stones to individual plots with numbering in the layout either by the Society itself or through developers contributions from the members meeting the costs.
- To develop the Layout by laying roads, providing electricity lines, water tanks, drainage lines, parks, temples and other developments etc by the Society or through any developer.
- To ensure and work towards protecting the common areas and other movable and immovable assets of the Society.
- To utilize the funds of the Society solely for the common benefit and welfare of the members of the Society and for the maintenance of the common areas of the layout.
- To ensure comprehensive security services for the protection of the property of the members by providing security guards throughout the year in the layout and 24 x 7 basis.
- To ensure maintenance of the accounts of the Society and get the same duly checked by properly from time to time.
- To operate the bank account of the Society to meet the recurring expenses for maintenance of the Society in accordance with the Bye-Laws and resolutions passed by the General Body of the Executive Committee from time to time in this regard.
- To such other acts and activities for the common benefit and welfare of the members of the Society which the General Body may decide purely in the interests of the Society.
To meet miscellaneous matters as and when they crop up to ensure problem free development of the layout
The Board shall, in accordance with the bye-laws, be authority to
- Admit members
- Fix staff strength, their salaries and allowances.
- Frame policies concerning,
- Organization and provision of services to members.
- Recruitment and conditions of service of staff and their pay.
- Mode of custody and investment of funds.
- Manner of keeping of accounts.
- Monitoring management information system including statutory returns to be filed
- Any other matter concerning the performance of the Society.
- Place the annual report, annual financial statements, annual plan and budget for the approval of the General Body.
- Accept and review membership in Cooperative and other Organizations.
- Consider Audit Report, Special Audit Report, or Inspection Report and their compliance reports and place them before the General Body.
- Delegate powers to the Office bearers in addition to those mentioned in the bye-laws and prescribe the limits for incurring expenditure by Treasurer, Secretary and President.
- Specify duties and responsibilities of paid Chief Executive.
- Call General Body meeting.
- Enter into contracts on behalf of the Secretary, settle the terms thereof and authorize an officer or Directors to execute all deeds, agreements and documents.
- Institute, conduct, defend compromise or compound all legal proceedings by or against the society.
- Authorize the Treasurer or one or more Directors of the Board to endorse, sell, and transfer or otherwise deal with the shares, securities or other on behalf of the society and issue receipts for the amounts received in connection with the business of the society.
- Authorize the Treasurer and Secretary to operate bank accounts severally or jointly with another office bearer or Directors.
- Approve the monthly receipts and payments statements and annual accounts for being presented to the General Body meeting.
- Accept withdrawal of membership and sanction refund of the share-capital.
- Accept deposits, loans and grants from members.
- Sanction advances and loans to members.
- Appoint Election Officer and fix his remuneration.
- All issues shall be decided by majority of the votes of the Directors present in the meeting.
