Importance of Nomination

Importance of Nomination in various Financial Investments & Savings

We have dealt with the issue of “Nomination in Housing Society” in our previous blog and I am sure it must be of great help. However, a question remains unanswered is what should we do if there we do not have any nomination? The only answer to this is obtain “Probate” or “Succession Certificate” from Read more about Importance of Nomination in various Financial Investments & Savings[…]

No Court Fee for Succession Certificate in Maharashtra

No Nomination! No Will! What to do? It is a question often asked by the members of the Managing Committee of the Cooperative Housing Societies. In accordance to the society bye-laws, it’s the responsibility of the managing committee to transfer the property in the name of legal heir / nominee / as per will. However, Read more about No Court Fee for Succession Certificate in Maharashtra[…]

Formation of Cooperative Housing Society

Before we deal the subject of “Formation of the Cooperative Society” for which you are require to follow certain set rules or guidelines step-by-step, it is important for all to understand the nature and importance / advantage of forming a society. The defining characteristic of a cooperative is that it is a business owned and Read more about Formation of Cooperative Housing Society[…]

Housing society in Mumbai’s Sion suspends managing committee members with more than two kids – Is this constitutional?

Recently Hindustan Times (31st August’2018) reported that three Managing Committee members of Rahat Plaza, Sion were suspended for having more than two children in accordance with the section 73 CA of Maharashtra Cooperative Societies Act, 1960. Wondering why such “Dis-qualification” is not there to become the Member of Parliament? Why there is no amendment in Read more about Housing society in Mumbai’s Sion suspends managing committee members with more than two kids – Is this constitutional?[…]

Legal Compliance for Cooperative Housing Society

Legal Compliance Framework – Cooperative Housing Society

Many a times we have seen that Managing committee fails in legal compliance not because of time but just due to less awareness on the various compliance required by law. The recent changes (yet to receive consent from Governor of Maharashtra) in Maharashtra Cooperative Society Act, proposed a Fine of 25000/- (Rupees Twenty-Five Thousand) in Read more about Legal Compliance Framework – Cooperative Housing Society[…]

Election Process Exemption for Cooperative Housing Societies

Election Process Exemption for Cooperative Housing Societies from the tedious process of approaching election authorities! Maharashtra State Cabinet finally exempts those with fewer than 100 members from the ‘tedious’ process of informing the Maharashtra State Cooperative Election Authority 3 months in advance and conducting the election under the supervision of cooperative society election authority. Following which Read more about Election Process Exemption for Cooperative Housing Societies[…]

What to choose when buying a Housing Society Management Software?

What to choose when buying a Housing Society Management Software?

Managing a residential society with plenty of members can be a daunting task, especially when it comes to keeping a track of day-to-day activities like record keeping, security check-ins, billing, invoice, meeting schedules, event reminders, maintenance etc. While manual management of such activities is an uphill task but with great technological solutions, it can be Read more about What to choose when buying a Housing Society Management Software?[…]

Home warranty: Power and security to home buyers

With each builder working on numerous projects at the same time and the construction getting completed in no time, the quality of the construction has become a serious issue of concern to the home buyers/ owners. Here is where home warranty comes to use. Home warranty is a contract provided by most of the renowned Read more about Home warranty: Power and security to home buyers[…]

5 Conflicts Every Housing Society Faces

In recent years, there has been a steady rise of housing society woes owing to varied reasons and circumstances. Homeowners, who often dreamt that their issues will end with the possession of the property, now find themselves dealing with multiple problems related to the management of the housing societies. Here are 5 common conflicts that Read more about 5 Conflicts Every Housing Society Faces[…]

How and Why to Celebrate Eco-Friendly Holi wherein Our Housing Society Is Benefited

How and Why to Celebrate Eco-Friendly Holi wherein Our Housing Society Is Benefited Celebrating Diwali in a society makes for an enticing proposition. With all the children splashing water balloons and colors while the oldies settle for a day under the sun while gorging on gujiyas makes for a delightful scene. That notice on the Read more about How and Why to Celebrate Eco-Friendly Holi wherein Our Housing Society Is Benefited[…]