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[…]
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[…]
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?[…]
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 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[…]
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?[…]
How and Why to Celebrate Eco-Friendly Holi wherein Our Housing Society Is Benefited Celebrating Holi 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[…]
The Pradhan Mantri Awas Yojana (PMAY) is a ray of hope for the urban Indian poor, who either do not have a roof of their own or who live in poor sheltered structures or rented houses. Launched in June 2015, it is a flagship scheme started by the current NDA government and upholds the motto Read more about Pradhan Mantri Awas Yojana: Know your Facts[…]
Taking time out of a hectic day and visiting the housing society office or the committee members of the housing society is a task that every resident would want to avoid. The housing society related payments compels residents to do just that. Running behind the society office members for making the payment and collecting the Read more about Benefits of Payment Gateway in Housing Society[…]
Multiple taxes, even across state borders, has always been known to make the trade in India expensive and complicated. GST (Goods and Services Tax) is a fiscal reform being made to introduce a single taxation system across the entire nation. Manufacture, distribution, and provision of goods and services, fields that pay indirect taxes, will be Read more about Impact of GST on Housing Societies[…]