Interest Bearing maintenance Security with Builder
2 years ago
One of the Society in gurgaon is registered under Haryana Society registration act. Builder took one time IBMS depsit @ Rs. 50 per super area sq ft. Now those IBMS funds will be transferred to society RWA. Need to know the procedure how those funds can be secured so that RWA memebers cannot misuse those funds (like pledge or authorize its use) without majority of RWA memebers consent.
A.Dear Sir,
Such funds may be transferred to reverse fund as per Karnataka relevant Act but you have to check your local advocate who more acquainted with local laws.
Helpful
Helpful
Share
Read Related Answers
Change in fathers surname
Dear Client,
Differences or anomalies in the name or surname of a person that appears differently in different documents may potentially cause problems in the future due to the lack of identity of th...
Remove travel ban
Dear Client,
Indian Embassy has been rendering all possible assistance to distressed Indian nationals who are facing travel bans imposed on them for various reasons including ongoing trial/ investiga...
Change cast
Dear Client,
In India, caste is inherited by a child from the father's family, not the mother. There is no provision for changing the Caste that he acquired from his biological father. But in certai...
Private road ownership certificate
Dear Client,
To establish ownership of the private road in front of your house, you can pursue legal avenues to obtain relevant documentation. Firstly, gather any existing records or documents relat...
Recruitment Rules Problem
Dear Client,
The recruitment process is governed by the rules of the organisation. The government is the sole authority empowered to change the recruitment rules. In this regard, the Supreme Court has...
Read Blogs on Administrative Law
Administrative Law Lawyers
Find Lawyers by Location