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April 30, 2025
30
Apr

SOCIETY FORMATION

April 30, 2025
SOCIETY FORMATION First general body meeting (before registration) In this meeting under Society’s Model Bye-law 3(iii), the Chief Promoter (could be the builder) is primarily selected by the promoters, who are members co-signing the registration application before the Registering Authority, under Bye-law 3(xii). In this meeting, necessary resolutions are passed like opening the account in...
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30
Apr

ADVOCATES FOR REGISTRATION OF HOUSING SOCIETY:

April 30, 2025
ADVOCATES FOR REGISTRATION OF HOUSING SOCIETY: A co-operative society is the perfect fit for a residential building as flat-owners have common needs (water connection, watchmen, etc) and interests (maintenance of common areas, such as the terrace and compound). If you’ve purchased a flat in a new building, it would probably be best if you took...
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30
Apr

CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER

April 30, 2025
CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER During the handover procedure it is important to record and file all details related to the process so that even if problems arise years later, all you need to do is look through this set of records and, accordingly, figure out what to do next. The builder-residents society...
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30
Apr

BUILDER IS NOT COOPERATING TO FORM CO-OPERATIVE HOUSING SOCIETY

April 30, 2025
BUILDER IS NOT COOPERATING TO FORM CO-OPERATIVE HOUSING SOCIETY If builder/promoter procrastinate in registering the Co-operative Housing Society, then in that case, the application for registration of society be submitted in Form 6 (Rule 12) before the authorized officer (District Dy. Registrar in the respective district, who have given power under Section 10(1) of the...
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30
Apr

COMPARISON BETWEEN A CONDOMINIUM AND A SOCIETY

April 30, 2025
COMPARISON BETWEEN A CONDOMINIUM AND A SOCIETY Though the condominium is more than a forty year old ownership concept for buildings in Mumbai, it is the cooperative society model which has been the most popular so far. However, in recent times, the concept of a condominium is slowly gaining momentum. Buyers who purchase premises on...
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30
Apr

Laws Applicable to Co-Operative Society

April 30, 2025
Laws Applicable to Co-Operative Society The Cooperative Societies Act, 1912 expanded the sphere of cooperation between its members and provided for supervision by central organization. A cooperative society, which has its object the promotion of the economic interests of its members in accordance with the co-operative principles, may be registered with limited or unlimited liability...
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30
Apr

Lawyers for Sale Deed

April 30, 2025
Lawyers for Sale Deed A Sale deed is an instrument which shows the transfer of title, rights, and ownership of a property from a owner/vendor/ seller to a buyer/purchaser A sale deed is an essential document for both the parties which are registered in accordance with the Registration Act, 1908. It is signed and executed...
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30
Apr

Advocate for property transfer

April 30, 2025
Advocate for property transfer  DUE DILIGENCE TO BE DONE WHILE PURCHASING A  PROPERTY First comes in the checklist is the Zone.Check it whether the property comes into the “R” OR “NON-AGRICULTURE” zone because if the the property is in non residential or non agriculture zone like green zone etc.you may not get approvals from authorities...
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30
Apr

Set-Off and Carry Forward of Losses under the Income Tax Act, 1961

April 30, 2025
In a progressive taxation system, income is not always steady. Businesses may incur losses in some years and make profits in others. The Income Tax Act, 1961 acknowledges this economic reality by allowing taxpayers to set off losses against income and carry them forward to future assessment years. This provision is a significant relief for...
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30
Apr

Indian Court Orders Action to Block Proton Mail Over AI Deepfake Abuse Allegations

April 30, 2025
A high court in the Indian state of Karnataka has ordered the blocking of end-to-end encrypted email provider Proton Mail across the country. The High Court of Karnataka, on April 29, said the ruling was in response to a legal complaint filed by M Moser Design Associated India Pvt Ltd in January 2025. The complaint...
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