By Legal Bureau Section 70 of the Act and Rule No.66 of M.S.C.S. Act prescribe that the surplus funds belonging to the society should be […]
Sub-Letting not permissible except under the society permission
By S R Agarwal, Advocate A mother may, apply to the society of his intention of sub-letting of his flat and on receipt of the […]
Leakage repairs to be done by society
By Legal Bureau Monsoon brings many problems including leakages and crakes to the society’s buildings. Newly introduced Model Bye-Law gives society the responsibility to repair […]
Absolute ownership is of the society not members
By Legal Bureau The theory that the society is an absolute owner of the land and building including the open spaces and that it can […]
Taxability of the transfer fees in Society
By Vimal Punmiya, Chartered Accountant The importance of society has been increased from last 25 years ever since there has been growing needs of an urban […]
No Stamp Duty on transfer to nominee in Maharashtra
By Legal Bureau Stamp duty is not applicable in case of Transfer of flat in Co-operative Housing Society in the name of the nominee after […]
Transfer fee taxable – Mumbai Tribunal
By Legal Bureau In the case of M/s. Walkeshwar Triveni Co-op. Housing Society Ltd., Mumbai versus Income Tax appellate Tribunal, Mumbai Bench (Special Bench) held […]
Society’s dues not recoverable after three years
By Vinod Sampat, Advocate If a member is in default and if recovery proceedings are initiated against him, then the provisions of the law of […]
Condition for Corporate Bodies for Membership of a Society
By Legal Bureau A Firm, Company or Other Body Corporate, registered any Law for the time being in force, and which is eligible for the […]
First Annual General Meeting in Society
By Legal Bureau It is the responsibility of the chief promoter to call the first general body meeting with a fourteen days notice. The first […]