by Punjabnewswire4u (Balbir)
CHANDIGARH,
SEPT 10
In a bid make the
cooperative institutions economically viable and financially self-sustainable,
the Punjab government has come out with a transparent
policy in place for the sale of land/building held by cooperative organizations
so that the income accrued on this count could be invested prudently on the
capital expenditure and income generating activities.
A decision to this effect was taken
by the Punjab Chief Minister Mr. Parkash Singh Badal by giving nod to the
proposal mooted by the cooperation department in this regard. Disclosing this here today a spokesperson of
the CMO said that the policy has clearly stipulated the income generated on
account of sale of land and building held by the cooperative institutions would
not be utilized on the routine expenditure like disbursement of salaries to its
employees. In case any cooperative
institution or organization was in the winding up mode, thus the proceeds could
be utilized accordingly within the prescribed rules and regulations.
It may be recalled the Registrar
Cooperative Societies was the competent authority to accord approval to the
concerned cooperative institutions for the sale of its land/building.
Under
the new policy, the Managing Director, Chief Executive Officer or President of
primary cooperative society or institution which intends to sale its land/building
would have to put the comprehensive case before the Board of Directors (BoDs)
along with his recommendations citing the reasons for the sale. In case a resolution was passed for the sale of
land/building by the BoDs or MD then the case would be sent directly to
Registrar Cooperative Societies for his approval. The policy has recommended that the open
option was the best route to fetch maximum market rate and therefore, the
procedure of open auction should only be adopted. The reserve price for the land/building to be
sold off would be fixed by the concerned Deputy Commissioner on the basis of prevailing
market price. In case any cooperative institution
failed to get the reserved price from the open auction held twice for the sale
of land/building then subsequently the reserved price could be slashed to
maximum by 20%, for which the Managing Director of the Apex cooperative
institution, Chief Executive Officer of the central cooperative institution and
the managing committee of the primary cooperative societies would be
competent. Consequently, the cooperative
societies could re-auction the sale of land and building in accordance with the
reduced reserved price. To ensure
transparency and accountability in the entire auction process a representative
of the Registrar cooperative societies would be appointed as observer. In case of the sale of land/building
belonging to apex institutions then the representative of Registrar Cooperative
Societies i.e. officer not below the rank Joint Registrar would be the
observer. Likewise, the representatives
of the Registrar and Deputy Registrar
Cooperative Societies viz. officers not below the rank of Assistant Registrar would
be the observers in both the cases of sale of land under the jurisdiction of
central and primary cooperative institutions.
The
video recording of the entire proceedings of the auction had been made
mandatory under the new policy to ensure transparency and the compact disk of
the recording would be kept under sealed cover by the apex/central cooperative
institutions for record. Similarly, the
primary cooperative societies would also keep the sealed CDs with them and also
send the copies of the same to the offices of the Deputy Registrar Cooperative
Societies for record.
In
case any cooperative institution was not willing to dispose of its land through
open auction than it can undertake the sale of such land through PUDA or other
development authorities like GMADA, GLADA after getting it developed by them or
directly to these authorities. In such
situation, the concerned authority would make the payment to the cooperative institution
after deducting the development cost and other genuine charges.
The
policy also envisages that no other procedure would be followed by any
cooperative institution for the sale of its land/building. The policy also stipulated that in case the
land/building was needed by any government department, municipal
corporation/committee, cooperative or government undertaking for development in
the public interest, then the concerned cooperative institution would pass
resolution to effect such transfer of land/building with the approval Registrar
Cooperative Societies. In such cases
there would be no need to follow the process of open auction and the price of
land to be transferred in the given situation would be determined by the
concerned deputy commissioner of the district.
The Registrar Cooperative Societies would ensure strictly implementation
of this policy for the sale of land/building within the jurisdiction of various
cooperative institutions.
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