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Additions/Alterations/Repairs in a flat

Written on 2 Sep, 2009 at 16:44 in Society | viewed 27 times | 2 Comments

Additions/Alterations/Repairs in a flat : – Whose Responsibility ? Co-operative Society or Member ? By Adv. Sanjeev Kanchan There is always a Tug-of-War between the Society and its Members in many Societies as regards responsibility and liability about additions/alterations/repairs. I would like to... (Continue reading)

Can Society transfer the Share Certificate to Nominee

Written on 2 Sep, 2009 at 16:43 in Society | viewed 388 times | 22 Comments

Can Society transfer the Share Certificate in the name of the nominee inspite of objections from legal heirs? By Advocate Sanjeev Kanchan I would like to deal with the above query in detail, since similar problems are faced in many co-operative societies. For... (Continue reading)

Repair Permissions

Written on 2 Sep, 2009 at 16:42 in Society | viewed 62 times | 1 Comment

Repair Permissions (MCGM Jurisdiction) Many a time it is seen that essential repairs to the building and or to individual premises are delayed due to conflict between Management of Society and individual member/s, on personal grounds; thus each one become non-cooperative to... (Continue reading)

Registrar’s power

Written on 2 Sep, 2009 at 16:41 in Society | viewed 30 times | 0 Comments

* Registrar’s Power to enforce performance of obligations. Powers of Registrar to direct society to keep proper books of accounts etc., [Section 79(1)] As per Section 79(1) of the Maharashtra Co-operative Societies Act, 1960, the Registrar may direct any society or... (Continue reading)

Capital & Revenue Receipts & Expenses

Written on 2 Sep, 2009 at 16:39 in Society | viewed 35 times | 0 Comments

CAPITAL & REVENUE RECEIPTS & EXPENSES. By. Ramesh S. Prabhu . To ascertain the true results of a Society for a particular period it is very important that all expenses are properly classified between Revenue and Capital. For this purpose, some broad... (Continue reading)

Rights, Restrictions, responsibilities and Liabilities of Member

Written on 2 Sep, 2009 at 16:35 in Society | viewed 80 times | 4 Comments

By Harish G. Bhatia Advocate & Professor of Law Rights, Restrictions, responsibilities and Liabilities of Member A Professional office can be allowed in a Purely Residential Zone, as per D.C. regulations for Gr Bombay, 1991 As per Regulation No. 51(iv) of the D.C. Regulations... (Continue reading)

Facts which are no commonly known about co-operative Societies

Written on 2 Sep, 2009 at 16:34 in Society | viewed 45 times | 0 Comments

Facts which are no commonly known about co-operative Societies 1. According to Service Tax department, Co-operative societies are liability to pay Service Tax @ 12.24% on receipts excluding statutory payments, if the receipts are above Rs. 4,00,000/-. Interest @13% per annum and... (Continue reading)

Nomination in a Co-operative Housing Society

Written on 2 Sep, 2009 at 16:33 in Society | viewed 84 times | 5 Comments

Nomination in a Co-operative Housing Society A Nominee when he is not the sole legal heir, is a Trustee, for the legal heirs of the deceased. The practice of providing for Nomination is to ensure that the institutions (Bank, Insurance or... (Continue reading)

Registration of Nominations

Written on 2 Sep, 2009 at 16:32 in Society | viewed 49 times | 4 Comments

Registration of Nominations : The name and address of every person nominated for he purposes of sub-section (1) of section 30 and any revocation or variations of such nomination shall be entered in the register kept under rule 32. Section 30 of... (Continue reading)

Motion of No-confidence can be passed by simple majority

Written on 2 Sep, 2009 at 16:31 in Society | viewed 66 times | 2 Comments

Motion of No-confidence can be passed by simple majority of Committee Members. Bombay High Court clarifies the position The unamended section 73-ID indicated that the requisition for special meeting in response to a motion of no-confidence was required to be signed by... (Continue reading)

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