What Are the Charges Collected by a Cooperative Housing Society? Every cooperative housing society is empowered under the Model Bye-laws to collect specific charges from its members to meet statutory obligations, maintenance needs, and day-to-day expenses. These charges must be levied strictly in accordance with the bye-laws and approved by the general body, ensuring fairness, […]
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By SRELJ Bureau Can the bye-laws of a co-operative housing society cur – tail the voting rights of different members of a holding separate flats in the building? No, says the supreme court: it’s one flat, one vote. The multi-flat family problem has cropped up in scores of housing societies throughout India where different wings […]
Continue ReadingBy VIMAL PUNMIYA FCA, LLB. Q.1 What is a Will and the benefits of making one? Ans: A WILL is a written document in which you provide for:- a. The administration of your estate/assets when you die; and b. The distribution of your possessions in specific proportions to specific people whom you wish to have […]
Continue ReadingBY: SUDHAKAR DOKHANE (Past President PEATA (I) In last two decades, some R.C.C. frame buildings had collapsed in Greater Mumbai Limits; causing loss of life and property. “Govinda Towers” at Bandra was a recent casualty. Based on the reports of investigating committees, their recommendations and opinions of experts in the field following are main reasons […]
Continue ReadingBy Legal Bureau STATUTORY OBLIGATIONS ON THE CLOSE OF CO-OPERATIVE YEAR The Co-operative year 2019-2020 is coming to a close on 31st March, 2020 All Co-operative Housing Societies will have to attend to the functions to be carried out after the close of the Co-operative year. For the benefit of societies, we summaries the same […]
Continue ReadingBy Harish Mehta, Adv Q. What are the major difficulties faced by the builders which hinder him for not executing conveyance ? A. Some of the major difficulties areas under ; (1) The original owner of the land finds it difficult to get certificate under section 230 (A) of the IT Act, as he has […]
Continue ReadingBy Legal Bureau Issue of duplicate certificate If any application is received by the managing committee for issue of duplicate share certificate the managing committee has to insist on the member to give undertaking. The co-operative housing societies has to follow the procedure laid down in the Act, Rules or bye-law and not to go […]
Continue ReadingBy Ar. Ajay S. Nahar (Nahar Group) MSc Construction Project Management (U.K.) Building your dream project can quickly turn into a nightmare of unmet schedules, cost over runs, bad workmanship and endless arguments. In my recent years of practice I have experienced the constant tiff and feud between the clients and the contractors and further […]
Continue ReadingBy Vinod Sampat, Advocate Step-1 :: Issue legal notice to Builder calling upon him to comply with all the statutory obligations as are stipulated in MOFA Act and complaint to Police station. Step-2 :: File Complaint with the Metropolitan Magistrate Court. Step-3 :: Process is issued. Step-4 :: After process, plea is recorded. Step-5 :: […]
Continue ReadingBy Legal Bureau Although open parking space cannot be sold neither anything open to sky is saleable, according “Maharashtra Ownership & Apartments Act”. But the Society can rectify the act of the seller and allot the space in the name of the purchaser. It is interesting to know that society can do so only on […]
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