Our Society has both residential and commercial units
2 years ago
Our Society has both residential and commercial units which is likely to go for major repair work in near future.. Can Society form repair committee and authorize them to open and operate Society repair and maintenance bank account.
A.Dear Sir,
Yes, it can maintain such account and use the amounts accumulated therein and such amounts can be used only for the purpose of repair and maintenance.
Yes, it can maintain such account and use the amounts accumulated therein and such amounts can be used only for the purpose of repair and maintenance.
Helpful
Helpful
Share
Read Related Answers
Stilt Parking purchase
Dear Sir,
Better to get registered sale deed in respect of such parking place and if possible take the consent of builder and/or consenting signatures of few other residents.
Indian Trust Act
Dear Client,
A trustee cannot delegate his office or any of his duties either to a co-trustee or to a stranger, unless (a) the instrument of trust so provides, or (b) the delegation is in the regular...
Common space
Dear Client,
Any open space or open terrace in a multistoried building is considered a common area and a flat owner is not permitted or allowed to use or occupy it for his/her personal use. So, societ...
Roshni Welfare Association
Dear Client,
A Certificate of Registration once granted to a Housing Society or Association under the State-specific Act does not require renewal and it remains valid until it is dissolved either by a...
Sold car
Dear Sir,
If RTO records are not changed then cancel the registration in the name of subsequent purchaser.
Read Blogs on Trust and Society (NGO)
Trust and Society (NGO) Lawyers
Find Lawyers by Location
