Investment of Surplus Fund of housing society
By Legal Bureau Section 70 of the Act and Rule No.66 of M.S.C.S. Act prescribe that the surplus funds belonging…
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…
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…
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…
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…
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…
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,…
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…
Dispute Resolutions in Housing Societies
By Legal Bureau Co-operative movement was initially sponsored by the state. Apart from the public sector and the private sector,…
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…