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...
Thursday, 30 August 2018
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...
Rights of the Nominee Housing Society
1. After death of the member, the nominee will be entitled to all the rights in the member's shares to the exclusion of all other person...
Payment of the value of Shares and interest of the deceased Member in the capital / property of the Society to the heir / legal Representative Bye - Law-37
1) If, in the opinion of the Committee, there is only one heir / legal representative of the deceased Member and if he demands payment of t...
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