Development Rights- Who is entitle? Society or Member?

By Vimal Punamiya, FCA, LLB In respect of Tenants co-partnership co-operative societies, which are of the nature of “Flat Owners Societies” in which the flats are acquired by the society from the builder on ownership basis and thereafter Society is formed, and land is conveyed to the society and individual members acquire ownership rights

Impact of GST on Housing Societies

By Accommodation Times Bureau   Multiple taxes, even across state borders, has always been known to make trade in India expensive and complicated. GST (Goods and Services Tax) is a fiscal reform being made to introduce a single taxation system across the entire nation. Manufacture,distribution, and provision of goods and services, fields

Registration of a Resale Agreement in a Society: Dos & Don’t

By Advocate S R Agarwal Accommodation Times Bureau Usually, there is a misconception that a resale agreement for the purchase of a flat in a registered society does not require registration and such understanding seems to be based on the provisions of Section 41 of the Maharashtra Co-operative Societies Act 1960, which