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Sub No.6:- Common Good Fund transferred to Sri Venkateswara Vidyadana
Trust, TTD,in accordance with the Bye-Law No . (30) of the Society –
Regarding.

Roc.No.EB05/24/TTDECCS/2022

An amount of Rs.10.00 Lakhs debited from Common Good Fund and
deposited in Sri Venkateswara Vidyadana Trust, Reg.No.50/2008 of TTD vide UBI
Ch.No.02089226,dated:19-11-2022, vide Acknowledgement Receipt No.
DNE18042511221026,dt:25-11-2022 subject to ratification of the Board.

On placing the subject before Board for ratification of the action of the
President, the Board resolved in its Res.No.550 dated 13-12-2022 that, a) “
Approved” and (b) the Privileges in the capacity of Trust Donor shall be availed
/Utilized for Official purpose.

The Divisional Cooperative Officer, Department of Cooperation,
Government of A.P. Registered the Bye-Law No. (30) vide Rc.No.1348/2022-C2,
dated 25-11-2022 as detailed below:

The Net Profit of the society, as declared by the Registrar every year shall
be deposited off as shown below and in accordance with Rule 36 of APCS Act, 1964.

1) 25% shall be carried to the Reserve Fund.
2) 10% shall be credited to the Building Fund.
3) 5% to staff Welfare Fund.
4) 5% to Gratuity Reserve.
5) 5% will be credited the Bad Debts Reserve.
6) 5% may be paid to Common Good Fund. The Common Good
Fund shall be utilised for Sri Venkateswara Vidyadana Trust
and Sri Venkateswara Pranadana Trust maintained by TTD.

The subject is placed before Board on 08-02-2024, it is Resolved to place
the subject to General Body with other details of availability of total CGF reserve,
purpose of utilization, etc.

The Common Good Fund of the Society available for Rs.1,73,41,965.74 as
on 31-03-2023 of which Rs.13,87,469.58 invested in CDCC Bank Ltd., Tirupati and
the remaining amount Rs.1,59,54,496.16 in business as investable amount. In
accordance with the Bye-Law No.(30) Vide Rc.No.1348/2022-C2, dated 25-11-2022,
5% may be paid to common good fund. The Common Good Fund shall be utilized for
Sri Venkateswara Vidyadana Trust and Sri Venkateswara Pranadana Trust
maintained by TTD.

In accordance with the Board Res.No.655,dated:08-02-2024, the subject is
placed before General Body for ratification.

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