Transferring the shares and interests of a deceased member in a society to a nominee is a crucial process that involves legal and procedural steps to ensure a smooth transition of ownership. When a member of a society passes away,… Read More
Housing Society Management: Unveiling the Rights and Responsibilities of Committee Members
Managing a Housing Society is akin to steering a well-coordinated ship, and at its helm are dedicated committee members who play a pivotal role in ensuring smooth operations, fostering community harmony, and maintaining the structural integrity of the society. In… Read More
As Per the Bye-Laws, Which are the Places where a Housing Society Can Invest their Funds?
In the bustling landscape of urban living, housing societies stand as beacons of collective unity, fostering a sense of community and shared purpose. Behind the scenes of harmonious living lies a critical aspect that often remains unexplored—the judicious investment of… Read More
As Per the Bye-Laws, What Are the Necessary Funds That a Housing Society Must Have?
In the labyrinth of modern residential living, housing societies stand as pillars of community cohesion. These vibrant microcosms are woven together by a shared desire for comfort, security, and a sense of belonging. However, behind the scenes of serene walkways… Read More
Why People Struggle With Personal Expense Management In The Present Day?
In the hustle and bustle of modern life, managing personal expenses has become an increasingly challenging task for many individuals. The present-day financial landscape presents unique hurdles that test even the most financially savvy among us. From rising living costs… Read More
How The Reserve Fund For a Housing Society Created?
Reserve fund is a vital aspect of responsible financial management for a cooperative housing society. It ensures the society’s ability to maintain its assets, provides financial security, and enhances the overall living experience for its members. WHY RESERVE FUND IS… Read More
How To Obtain Duplicate Shared Certificate From The Housing Society?
As per the Bye-Laws of Cooperative Housing Society (Bye-law no. 9(a)), a Share Certificate bearing distinctive number and indicating the name of the member, the number of shares issued and the value paid there on, shall be issued by the… Read More
Top Tips For Personal Money Management Success
In present days, managing personal expenses is becoming exceedingly difficult for the people due to various reasons like rising living costs, impulse spending, easy credit access, lack of financial education, irregular income, technological distractions, emotional spending, overlooking small expenses, lack… Read More
What is the procedure of changing/updating the address of a housing society as per the Bye-Laws?
A housing society in Maharashtra may need to update or change their address under various circumstances. Say in the case when due to administrative changes or municipal boundary revisions, a housing society may find itself in a different municipal ward… Read More
What are the modes by which a housing society in India can raise funds?
Cooperative housing societies in India need to raise funds to fulfill various financial requirements and effectively manage the functioning and maintenance of the society. These funds are necessary for routine maintenance and repairs of common areas, infrastructure, and amenities. Additionally,… Read More