BMC-rule-for-housing-society

BMC release new rule for Containment Zone for Covid-19

The Brihanmumbai Municipal Corporation (BMC) on Sunday (17th May 2020) announced its new containment plan in the city in order to make them more compact and ensure stricter vigilance to prevent the spread of the viral pandemic. According to which only buildings where positive cases are found will be sealed and not the entire compound. Read more about BMC release new rule for Containment Zone for Covid-19[…]

Online-Managemet-Software

Coronavirus lockdown: Go Online with Mysocietyclub

During this lockdown period, Managing Committee of various housing societies / RWA are facing problem in preparing maintenance bill and collecting the same. The biggest issue of Housing society secretary is to pay staff salary, electricity bill, society’s water bill etc On lockdown time, Housing Society Management System help management committee to manage society task Read more about Coronavirus lockdown: Go Online with Mysocietyclub[…]

Housing-Society-Accounting-Billing-Software

Accounting and Billing Software is a Need of Housing Society

We live in a Digital World Today, Technology becomes part of our life. People are getting smarter and progressive towards modernity. Day-to-day our life getting difficult. In our busy schedule, managing time is the toughest task. We always prefer to use some technology that helps us to manage our day-to-day task. In today’s work, Managing Read more about Accounting and Billing Software is a Need of Housing Society[…]

associate-member-of-housing-society

What is Associate Member in Housing Society?

“Associate Member” means husband, wife, father, mother, brother, sister, son, daughter, son-in-law, daughter-in-law, nephew, niece a person duly admitted to Membership of a housing society on written recommendation of a Member to exercise his rights and duties with his written prior consent and whose name stand as 2nd in share certificate. Rights of Associate Members Read more about What is Associate Member in Housing Society?[…]

housing-society-cultural-funds

Cultural or Festival Funds in Housing Society

Cultural Activities are most important part of our social life. As we stay in a diverse culture it has been a practice in most of the Housing Societies to celebrate functions like Ganesh Chaturthi, Durga Pooja, Independence Day, Republic Day, Annual Pooja and family dinner etc. In order to meet the expenses most of Housing Read more about Cultural or Festival Funds in Housing Society[…]

housing-society-funds

LEVY OF CHARGES OF THE SOCIETY

The bye-law 65 provides the provision for contribution to be collected from the members of the society towards outgoings and establishment of its funds, referred to in these bye-laws as ‘charges’ may be in relation to the following: Property taxes Water Charges Common Electricity Charges Contribution to Repairs and Maintenance Fund  Expenses repairs and maintenance Read more about LEVY OF CHARGES OF THE SOCIETY[…]

fire-audit-in-housing-society

Electrical & Fire Audit in Housing Society – is this Mandatory?

Why do we need to conduct “Electrical Audit” in housing society? Is this really a mandatory requirement like conducting a structural audit?   Before we answer this, let us ask ourselves “Are we going to make provision for safety of our family only if there are legal compulsion to do so or we should make Read more about Electrical & Fire Audit in Housing Society – is this Mandatory?[…]

deemed-conveyance

Deemed Conveyance

MEANING OF DEEMED CONVEYANCE: … In the legal sense Conveyance refers to the transfer of ownership or right, title & interest in the property to the other party. Conveyance Deed is a document executed to transfer the title of land and building in favour of Society or Association of Persons (AOP). The main object of Read more about Deemed Conveyance[…]

Housing-Society-Parking

Parking Problems and Charges in Cooperative Housing Society

In almost every, society the maximum number of fights are over car parking and over charges for car parking. Builders can’t sell still & Open Parking The High Court says that building and premises belong to the societies. The builder can’t sell open spaces or space within stilts for parking. Even if the residents have Read more about Parking Problems and Charges in Cooperative Housing Society[…]

Audit-in-housing-society

Society Annual Audit & Reporting

It’s time for audit! I am sure most of the societies are now busy with connecting / follow-up with their accountant to complete the accounting work of last financial year so as to schedule the annual audit for the last financial year. Before we discuss the some of the key points each society needs to Read more about Society Annual Audit & Reporting[…]