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D.KRISHNAN OUR GEN.SECY. INFORMS FURTHER GUIDELINES REG; PM CARE FUND REMITTANCES





FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS          
President :    N.P. Bali
705, Sur, Veena Saaz, Thakur Complex,
Kandivali (East), Mumbai - 400 101
Mob : 9820324213
Email Id - npbali@hotmail.com
General Secretary :    D Krishnan
No.6/1, Sreshta Riverside Apartments,
Wood Creek Road, Nandambakkam, Chennai - 600089
Tel : 9176635967 / 044 42850049.
E circular No.DK/17                                        03-04-2020
Friends,
Reg: Collections for PM's CARES Fund ... Some change in suggestions on modalities...
I do hope all of you and Family are safe, and doing well health-wise. I had sent in Circular DK -16 , wherein I had mentioned different possible ways of collecting money from Members and sending it to the PM CARES Fund for the fight against the COVID-19 Virus. 
Many of our Associations have done some initial collections from members even under these difficult circumstances. They are only raising doubts as to whether it would not be better to send one consolidated amount in the name of the Federation, instead of at different Association levels. We in fact thought of sending an amount from the side of the Federation initially and then  redeem the amount gradually from the Collections transferred to Federation from Associations, later on.
I did talk to our Treasurer Sri Dalal today. He says he does not have a Net Banking Account to send money to the PM CARES Fund. If one has to go over to the Bank, there are enough logistical issues of movement, staff in Bank etc. He told me that in Mumbai the surveillance is strict and going out will be questioned. Even if he ventured out now, he says Banks are running without staff, though technically they remain open. So sending an advance Amount from federation Account is also proving difficult.
          Sri Dalal suggested that we request our Associations to collect from members in whatever way possible, and if practicable, even try and transfer such collections to the Federation Account.  Members of Associations could reach the remittances to their respective Associations  in this behalf, latest by 15th  of April, to the respective Association Accounts.   Once the embargo is lifted, say, by the 15th  of April, the Federation could then make one Payment to the PM's Fund after consolidating the amounts received from the Units.
So, those of the Associations who have made collections could retain it, till middle of April, and then transfer to the Federation Account, giving proper reference, as to what Account the money is being remitted against, for correct identification at the receiving end. It is gathered from many of our Associations that they prefer one single remittance under the name of the Federation, instead of individual Associations. Hence this suggestion.
Sri Dalal also mentioned to me that he had requested the Associations, remitting the Yearly membership subscriptions to the Federation, should do so  in advance of the financial             year-end  to  enable accounting of such amounts within the Financial year itself.  He said that Associations, Bareily (3 years) Coimbatore, Odisha, Trissur and Silchar are yet to send their yearly subscription amounts.  These Associations may kindly make note of this and if they had not remitted the amounts already may remit them now.
Pension this time, was duly advised to Banks on the 1st of April, but the Credit into the Account by Banks was done only on the 2nd of April. This was mainly due to the Bank Yearly Closing of Accounts on the 1st of April. Our advance initiatives in this behalf did bring in some result.
The Mysuru Association in Karnataka, has started to function independently from this year (2020-21) onwards. I  attended their General Body Meeting held in difficult circumstances,  at Mysuru, on the 17th of March.  So far, though their name did exist on our list of Associations, they did not have an independent existence in terms of their own Accounts and Operations, and were dependent on Bengaluru Association for guidance on all matters. I should record my sense of appreciation to the Leadership of the Bengaluru Assn., which worked sincerely at handing  over the Mysuru affairs, to a Team of local leaders elected  at Mysuru itself.
With Best Wishes
D.Krishnan
General Secretary












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