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1) Sinking Fund may be used by the society for the reconstruction of its building or carrying out strucatural additions or alteration to strenthen the building as per the opinion of the society’s Architect. 2) Such heavy repair which is being certified by society’s Architect should be approved in General Body Meeting. 3) There isRead more

Procedure To Recover Dues From Housing Society Maintenance Bill Defaulters In current situtation running a society smoothly depends on how much cash reserves the society has in its bank. Few socitities doesn’t feel that much heat as members are cooperative and paying maintenance bills on time,check .Regular payment from members makes easier to run societyRead more

Sinking Fund Housing Society – Why Society Need It? It is risky to continue occupation of a building which has run its life. A provision has been made in the byelaws, enabling a co-operative housing society to collect contributions towards a sinking fund from members at a fixed rate per month. The rate fixed underRead more

MODEL BYE – LAWS OF COOPERATIVE HOUSING SOCIETY (a) The name of the society shall be……………………………….. Name of the Society (b) The society shall follow the procedure laid down under Section 15 of the Act and Rule 14 of the Rules for the change of its name. Procedure for changing the name. (c) The societyRead more

How To Register Complaint Against Housing Society or RWA? Modern-day living is driven by community support and hence, in a housing society, Resident Welfare Associations or RWAs have become inevitable. It seeks to simplify housing complex level issues. Here’s why RWAs today are almost your saving grace: Planning, improving and ensuring better living standards Empowering residentsRead more

How To Conduct AGM of Housing Society In Maharashtra The bye-laws in Maharashtra prescribe rules for the deadline for holding AGMs, the quorum for such meetings and the business that can be transacted, as well as penalties for members who fail to attend Every housing society has to adopt bye-laws, for its management and administration.Read more

Housing Society Waste Management Office bearers of large housing societies may now face prosecution for not treating their wet waste. The Maharashtra Pollution Control Board (MPCB) will be lodging cases against such defaulters. This will be followed by asking local bodies to cut water supply to the society by 20 per cent. “We have takenRead more

GST Impact on Housing Societies or RWA Co-operative Housing Societies are entities registered under the co-operative laws of the respective States. According to Section 2(16) of the Maharashtra Co-operative Society Act, 1960, “housing society” means a society, the object of which is to provide its members with open plots for housing, dwelling houses or flats;Read more

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Income Tax On Housing Society The general perception of the Managing Committee of a cooperative housing society is that the income generated by the society is not chargeable to tax and therefore do not bother to file Annual Tax Return. This is a wrong perception since though certain types of income of cooperative housing societyRead more