Maharashtra Co-operative Housing Society Bye Laws. 1. PRELIMINARY. 1. (a) Name of the Society: The name of the Society shall. Mar 13, Smart way to manage your Co-Operative Housing Society. Web based Apartment Home; Blog. Bye Laws for Housing Society in Maharashtra. Aug 19, Procedure To Recover Dues From Housing Society Maintenance Bill Defaulters. In current situtation running a society smoothly depends on.
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A rate is fixed for one square feet and then multiplied by the total square feet area of your flat in this method. Procedure To Recover Dues From Housing Society Maintenance Bill Defaulters In current situtation running a society smoothly depends on how much cash reserves the aociety has in its bank.
For More Details — Source Disclemair: You May Also Like. Ownership in the property individually or jointly with others is must and whose name does not stand first in the share certificate. For financial advice online check out OakParkFinancial.
Though you own the apartment, you are a resident of the apartment complex, which means you are required to pay monthly charges for the maintenance of the common areas in addition to plumbing and electrical repairs inside your apartment. Cash in Hand at the close of the day limit increased from Rs. Appointment of Auditors, their Remuneration, Rights and Responsibilities, removal etc. General body permission, however, is a must. Society Committee can follow below procedure to recover dues from defaulter society member: Name of the Society b The society shall follow bylawz procedure laid down under Section 15 of the Act and Rule 14 housiing the Rules for the change of its name.
Registrar may ask for hearing with defaulter member and verify the records. Partially Equal Fee In this method, a particular amount of money is charged on the area up to a predetermined square feet value. Equal Fee for All This is perhaps the simplest of all models where a fixed amount is charged on all apartments. NOC of society for transfer of flat or property is not required. In this method, a particular amount of money is charged on the area up to a predetermined square feet value.
Further, a half-yearly meeting should be held to discuss the feasibility of the plan and also to cut down any charges that are imposed unnecessarily. Beyond that, any increment in area is charged according to a unit decided by the apartment association.
The method involves splitting the charges into two with the first part including all the common expenses incurred on lifts, security staff salary, stationary, property taxes, conveyance, audit fees, meeting charges, common electricity etc. Exhibition of Name Board. Filing of Annual Mandatory Returns with the Registrar.
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This is perhaps the simplest of all models where a fixed amount is charged on all apartments. This sciety depends on the size of the apartment and the amount stays with the society until repairs are undertaken.
Additional responsibility to file FIR if misappropriation, etc is provided. There is also a non-refundable sinking fund which is charged by the society for major repairs. For encroachment of common areas by members to be charged at 5 times the monthly maintenance charges for the period of such encroachment.
In current situtation running bylawa society smoothly depends on how much cash reserves the society has in its bank. Name of the Society. Education and Training fund of Rs. This means that if you have a larger home, you will end up paying more. You bought an apartment and you moved in with your family and household items. Applicant to take 10 shares of Rs.
Copy of Bye laws, list of members to be kept open for inspection to the public free of charge. Address of the society.
Sinking fund can be utilized by the society and no permission of the Registrar is needed. Cash expenses limit Rs. In most modern complexes, that is not the case and the small apartment owners end up paying an unfair amount of maintenance.
But have you given a thought about maintenance? Every member is supposed to contribute to the sinking fund, which grows over the years. The popularity of this method comes from the fact that it is easier to calculate. To arrive at the monthly maintenance fee https: The most commonly used and popular method to calculate the apartment maintenance fee is paying according to the area.
Other Important bye law provisions auditor should know: Registration number and the registered address.
Bye Laws for Co-operative Housing Society in Maharashtra | SocietyRun
The condition for membership — Applicant to socety 10 shares of Rs. Procedure for changing the address of the Society. Your email address will not be published.