By Accommodation Times News Service
By Hemant Agarwal
Every citizen of India and non-citizens, have been granted fundamental rights under the Indian Constitution, to stay (reside) anywhere in India, BUT except in prohibited and restricted areas.
01. EMERGING TREND:
a) In Metropolitan /Industrialized Cities (e.g. Mumbai, Pune….), a new nefarious and knee-jerk whimsical concept of Prohibiting /Banning “Bachelor Tenant”, [...]
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Bachelor Tenants – Prohibited in a Society
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Bachelors Tenants- Premises on Leave and License
By Accommodation Times News Service
1. Right of equality is a fundamental right. If a person has money, he had got every right, subject to restriction of acquiring property in Jammu and Kashmir, to purchase property.
2. At times a person may not need property for him immediate use. In such circumstances, he may sublet his [...]
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New Election procedure for Co-operative Housing Societies
By Accommodation Times News Services By Sunil Deshmukh District Deputy Registrar (Retd.) For K.K. Ramani & Associates The Government of Maharashtra has amended the Maharashtra Cooperative Societies Act, 1960 in 2013 and introduced new election procedure for cooperative housing societies. We have explained the procedure as per the Act regarding elections to be conducted […]
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Society cannot object on renting to bachelors
By Accommodation Times News Services Right of equality is a fundamental right. If a person has money, he had got every right, subject to restriction of acquiring property in Jammu and Kashmir, to purchase property. At times a person may not need property for him immediate use. In such circumstances, he may sublet his property to a person of […]
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Service Tax on Redevelopment of Properties
By Sameer Sanghvi & Co By Accommodation Times News Services SERVICE TAX IMPLICATIONS ON REDEVELOPMENT OF PROPERTIES Since, in the redevelopment transaction the developer agrees to construct certain area for land owner on the land retained by the land owner, free of cost during the construction period, as per the Education Guide dated 20th June, […]
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No TDS is to be deducted on the amount reimbursed by the Developer to the Society
By Accommodation Times News Services TDS on receipt. Whether tax shall be deducted at Source (TDS) from Corpus Money, Allowances, Compensations, Reimbursement of Fees of Consultants and other Expenses, Rent for Temporary Alternative Accommodation and Deposits or any other form of receipt in the hands of the hands of the Society/ its individual members. Ans. […]
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Implications of VAT/Service Tax on Redevelopment
By Accommodation Times News Services Whether all receipts in the hands of the Society/ its individual members shall be net of Vat and Service Tax Responsibility/ liability of Society/Its Members towards the same for services rendered to it by professionals/consultants. Ans. As Society is not providing any Services to the Developer, the Society is not […]
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Members role in Redevelopment Scheme
By Accommodation Times News Services In any Redevelopment project of Co-op. Hsg. Society buildings, the role of Member of the Society is extremely important in his/her individual and collective capacity. Besides his/her individual rights as Member in the Society, the active participation of each of the individual member is very much essential to make Redevelopment […]
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Nominee Member v/s Nominal Member in Societies
By Accommodation Times News Services A nominee member is nominated by member of the society to be recognised by the society after his death. Nominee members are not to be treated as legal heirs. They are just an trustee of the member nominating them. Ofter people confused between Nominee, Associate member , Co- Member and […]
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Download new Election Rules, Forms for Co-operative Housing Societies, Maharashtra
By Accommodation Times News Services Maharashtra State cooperative election authority (SCEA) had issued new Election norms for co-operative housing societies in Maharashtra. Download the Government Notification, Norms, Forms, rules etc : Here Draft election Rule of co-operative socities- published on 19.8.2013
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Valuation for Redevelopment Proposal of Property by Proposing to utilise TDR & Fungible FSI
By Ar Bharat Shah Accommodation Times News Services By Ar Bharat C. Shah Development in major part of suburbs of Mumbai is redevelopment of co-operative society buildings and while society proposes to go for redevelopment there are several issues which managing committee has to deal with and one of the important decision the society has […]
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Redevelopment by Tenants and Residents of the Property under Regulation 33(7) of DCR
By V. S. Khemka, Advocate Accommodation Times News Services Grant of extra F. S. I. Under regulation 33(7) of Development Control Regulations would not solve the problems of dilapidated buildings unless fast track procedures are implemented at the offices of Collector, Municipal Corporation and MHADA. The office of Collector takes months even to issue certified copies […]
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Society Dues recoverable only within three years
By Accommodation Times News Services Societies suffering from non payment of dues cannot recover if initiatives to recover them under sec 101 of Maharashtra Coopperative Society Act or any other Act in other part of the country because it is covered under Limitation Act. If managing committee do not initiate legal action before the expiry […]
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Special General Body Meeting in Society Redevelopment
By Accommodation Times News Services A special general body meeting of the society may be called at any time, at the instance of the Chairman or by the decision of the majority of the Committee and shall be called within one month of the date of the receipt of requisition in writing, signed by at […]
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Any other matter with the permission of chair
By Accommodation Times News Services A controversial subject - By Y. P.Patil Present day meetings of various institutions is a legacy of British People. It was since the British Rule was established, various Acts such as Societies Registration Act 1860, Public Trusts Act etc., and other institutional Acts were enacted. These Acts regulated and business, […]
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Incentives for Redevelopment for Society Buildings
By Accommodation Times News Services The Government of Maharashtra sanctioned the modification to the Development Control Regulations for Greater Mumbai-1991, under section of 37(1AA) (c) of MRTP-Act, vide Govt. Notification No. CMS-4311/452/CR-58/2011/UD-11 dt. 6th January 2012, granting certain encouraging incentives in respect to redevelopment of age old buildings owned by co-operative Housing Societies in the […]
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Income Tax implications on Members of Society in Redevelopment
By Accommodation Times News Services 1.As discussed, the capital gains on transfer of development rights to the developer arises : (a)to the society in case where the society is of the nature of Plot purchased type society; and (b)to the members in the case of Flat Owners Society. 2.The relevant provisions under the Income Tax […]
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Redevelopment by Tenants and Residents of the Property under Regulation 33(7) of DCR
By Accommodation Times News Services By V. S. Khemka, Advocate Grant of extra F. S. I. Under regulation 33(7) of Development Control Regulations would not solve the problems of dilapidated buildings unless fast track procedures are implemented at the offices of Collector, Municipal Corporation and MHADA. The office of Collector takes months even to issue […]
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Download Model Bye-Law of Co-operative Housing Societies in Maharashtra
By Accommodation Times Research MODEL_BYE_LAWS_OF_HOUSING_CO-OPERATIVE_SOCIETIES_as_per_97th_Amendment
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Can society be formed without consent of the builder ?
By Accommodation Times News Services Section 10 of the Maharashtra Ownership flats (Regulations of the Provisions of Construction Sale, Management and Transfer) Act makes it obligatory on Promoter (Builder to submit proposal for registration of a Co-operative Housing Society, within a period of four months from the date on which the minimum number of members […]
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