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[…]
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” 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?[…]
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[…]
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?[…]
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[…]
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[…]
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[…]
Housing Society collects the monthly maintenance expenses to ensure that they can manage the housing society works smoothly and to take care of their various common expenses like security, lift maintenance, house-keeping etc. All the members of housing society are expected to pay their maintenance bill on time as and when the same is raised Read more about Recovery Process of Housing Society over dues[…]
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[…]