Upon failure from the builder to form the society, flat purchasers need to take the initiative for the formation of the society. Before the registration proposal is submitted to acquire the Co-operation from the builder, the intention should behind such a effort should be written to the builder in form of a letter. A copy Read more about Formulation of Registration proposals where builder does not co-operate[…]
As per Bye-Laws Share Certificates must be issued to every member of the society, for the shares that are subscribed by him, stating the particulars, as stated within a period of six months of the allotment of Shares. The share certificates must bear the seal of the society and be signed by the Chairman, secretary, Read more about Information related to share certificate and share capital[…]
House maids are one of the most difficult people to employ in Mumbai nowadays. Even if we do get a house maid his/her demands and qualms are too much to handle. Working and managing all the house hold world in addition to bearing tantrums of the house maids is just another extra burden that you Read more about Hiring House Maid Tips[…]
One of the most dreadful experiences that anybody would never like to experience is an earthquake. Earthquakes are capable of doing collateral damage and causing extreme harm. I am going to take you through a small apartment disaster preparedness, and if you are living in a earthquake prone zone, you should make sure when disaster Read more about Make your Apartment Earthquake proof today ![…]
A member means a person joining in an application for the registration of a Co-operative Society which is subsequently registered, or a person duly admitted to membership of a society after Registration and includes a National and Associate or sympathizer member. Classes of Members 1. Associate Members : Means a member who holds jointly a Read more about Classes of Members in Cooperative Societies[…]
The government of Maharashtra has allowed the Associate members along with original member to attend General Body Meetings of Co-operative Housing Societies on following conditions : 1. If a member of cooperative housing society being a senior citizen or due to old age or due to infirmity can attend a General Body meeting of cooperative Read more about Special Privilege to senior citizens in CHS[…]
In order to eliminate draw-backs, shortcomings etc as outlined above and to bring about a large scale improvement in the matter of audit of non-aided societies, the following procedure should be followed :- (i) All non aided societies will be free to select and appoint their own Auditor from the panel maintained by District Deputy Read more about Non-aided Societies[…]
Nowadays more and more housing cooperative societies are receiving notices from the government, ever wondered why? Housing cooperatives are not exempted from income tax, but to avoid tax liability housing cooperative avoid paying tax. A housing cooperative is either fully or partially taxable are not an exception to this either. Income Tax department does not Read more about Income Tax and Housing Society Cooperatives[…]
Our common query, Who has the right to remove an office bearer of the committee in Housing Society? An office bearer is a person who is responsible for in managing under the authority and holds the responsibility of the smooth functioning of the housing society and its office. Nowadays, the scene has been changing; more Read more about Who has the right to remove an office bearer of the committee in Housing Society?[…]
If individual members enter into partnership deed in a shop can society recover non-occupancy charges ? If a shop keeper enters into a partnership deed for carrying out any business in the shop which is in the individual’s name, the individual will have to transfer the shop in the firm’s name; after proper procedure of Read more about Members, Housing Society Interest Rates, Advance Payment. A Few queries solved![…]