In what type of bank can we deposit the Sinking Fund ?
Que. In what type of bank can we deposit the Sinking Fund ?
Sinking Fund can be deposited in Cooperative Bank or Nationalised Bank. However, decisions can be taken on the basis of security of the deposit, income tax applicable, and deductions available in both types of Banks.
Co-operative bank and nationalized bank account
Is it mandatory to have an account in co-operative bank? We initially had that when the society was formed and closed it. Now we are operating from a nationalised bank? As the query is pertaining to investments in bank, considering the provisions ...
Where we can use corpus fund?
Que.What is the exact usage of a corpus fund? Where we can use it? Corpus fund means payment received or receivable by the society from the developer in lieu of surrendering its development rights of plot by way of registered document or contributed ...
Is the Society NOC compulsory/ mandatory for the sale of a flat?
Que. Is the Society NOC compulsory/ mandatory for the sale of a flat? A Society NOC is not compulsory/ mandatory for sale of flat but the financial institutions granting a loan to the purchaser of flats do ask for such NOC.
Model Bye Laws of Co op Housing Society New Flatowner Type
Maharashtra Co-operative Housing Society Bye Laws offer a clear set of guidelines for management of cooperative housing societies in the state of Maharashtra. Maharashtra Co-operative Housing Society Bye Laws acts in accordance with the rules drafted ...