Ordinance to amend Maharashtra Co-operative Societies Act 1960: All you need to know

By K. K. Ramani (Advocate) The Maharashtra Cooperative Societies (Third Amendment) Ordinance 2018 promulgated by the Governor of Maharashtra brings about significant changes in the Cooperative Societies Act, mainly to cater to the issues of cooperative housing societies. Maharashtra Cooperative Societies Act, as it stood, is designed to regulate the affairs

New Chapter: housing societies can conduct elections if less than 200 members

By Rohit Sharma MUMBAI: Now, the housing society can self-conduct elections of the committee if the society has less than or up to 200 Members, according to Maharashtra Co-operative Societies (Third Amendment) Act, 2018. “The Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further

Cheated by developer cannot be termed as civil dispute: Bombay HC

By Accommodation Times Bureau MUMBAI The Justice, S.J. Kathawalla of Bombay High Court on Friday said that the complaints filed by the members of the public alleging that they have been cheated by the developer cannot be termed as disputes of a civil nature. The Petition was filed by a co-operative Society whose building

Stamp duty charges on gifting of property.

By Accommodation Times Bureau   An amendment of Maharashtra stamp act, is regarding the stamp duty charges on gifting of property to legal heirs is Rs. 200. Under different sections the charges allotted on the stamp duty varies. As per Article 34 column 1, if the property is gifted to any person or in

Tax Deducted At Source (Tds) On Property Transactions

By Accommodation Times News Service By Rajkumar Adukia, LL.B Introduction “A tax is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is any contribution imposed by government whether under the name of toll, tribute, impost, duty, custom, excise, subsidy, aid, supply, or other name.” (Black’s

Legality of Lease Hold Property Transactions

By Advocate S R Agarwal Accommodation Times News Services LEGALITY OF LEASE – HOLD PROPERTY TRANSACTIONS A person interested in the purchase of a flat or an apartment or any property needs to satisfy himself about the title of such property. In Maharashtra, a Promoter has to make full and true disclosure of the nature of his