Maharashtra Ownership Of Flats Act, 1963
The Maharashtra Ownership of Flats Act 1963(Regulation of the promotion of construction, sale, management and transfer) and The Maharashtra Apartment Ownership Act, 1970 (MAOA), are independent laws that
Co operative Society Accounting: Issues & Best Practices
In India, cooperative societies need to keep clear financial records according to the Societies Registration Act 1860. Many societies find this challenging, and it can sometimes lead to misunderstandings betw
Sinking Fund in Society: Meaning, Purpose and Formula
Have you ever noticed that almost one-third of your monthly maintenance bill goes to something called the sinking fund and wondered what it’s for? It is the society’s savings for future needs, and it is meant to cover major expenses like repainting, structural repairs, or replacing old eq
What is Concierge Service in Apartments? Meaning & Guide
Apartment buildings with concierge services get a 4.8% higher star rating. This defines concierge service value in modern apartment living. Luxury apartment buildings offer concierge service/staff who act as your personal assistan
FAQs on Cooperative Society ERP Systems
We have gathered all the key queries asked by managing committees, treasurers, and residents to address everything you need to know about housing society and apartment ERP systems. From automated maintenance billing and Tally-integrated accounting to gate security and legal compliance, ex
Taxation of AOP Registered Under Societies Act in India
The taxation of AOP registered under societies act depends on how member shares are defined and how income is earned. Such societies are treated as separate legal entities for income tax, must obtain a PAN, and file ITR-5 every year. For housing societies and community associations in Ind
Co Operative Society Article in Constitution
There isn't really one single "co operative society article" in the constitution. It's a group of provisions, mainly Article 19(1)(c), Article 43B, and Part IXB (Articles 243ZH to 243ZT), added through the 97th Constitutional Amendment Act, 2011. Together they give cooperative societies c
EV Charging Housing Society Rules
Most of the residents in India are clueless about installing EV chargers in their parking slots. Some housing societies delay approvals, while others deny permission on grounds of safety concerns, electricity load issues or lack of clear policies. The government guidance and court observa