Creation of other fund Bye Law-13(a)
Creation of Repairs & Maintenance Fund The Repairs and Maintenance Fund, at the rate fixed at the general body subject to the minimum of...
Thursday 30 August 2018
Constitution of Reserve Fund Bye Law-12
A) The Reserve Fund of the Society shall comprise of 1. All entrance fees received by the Society from its Members; 2.All transfer fees r...
Housing Society Share Capital Bye Law-8
The Authorized Share Capital of the Society shall be Rs 17500 Divided into 350 shares of Rs 50/- each. Ex. 35x500 = 17500 One share 17500/50...
Raising of Funds Housing Society Bye Law-7
Modes of raising Funds of the Society : The funds of the Society may be raised in one or more of the following ways: By entrance fees, By is...
Wednesday 29 August 2018
Non Occupancy Charges to the Society
Bye-laws 43(c) He shall pay non-occupancy charges to the Society. Non-occupancy charges shall be levied in accordance with the circular issu...
Permission of the Society not required sublet
Bye-laws 43(b) Permission of the Society not required sublet : No permission of the Society is required to sublet the flat/ shop. However th...
Restrictions on assignment of occupancy right in the flat Bye - Laws 44
No Member of the Society shall assign, mortgage or create any charge on his occupancy right in the flat without the previous permission in w...
Transfer of Shares and interest Bye Law 38
Transfer of Shares and interest in the Capital/Property of the Society Bye Law 38 A) A Member, desiring to transfer his shares and interest ...
Tuesday 28 August 2018
After death of Member, What Committee should do?
1. The managing committee of the society should verify the nomination form duly submitted by the deceased member, and application for member...
After death of Member, What Nominee should do
1. Nominee/s should submit an application for membership within 6 months of the death of the member. 2. If there is more than one nominee, s...
