How much it will cost to register RWA under 1959 act & transfer of legal rights?
4 months ago
Recently we were forming the RWA as promoter denined to register the RWA under 1959 co-op society, asking us to do our self, and he is interested to do transfer of deeds as per 1972 only. And also he says he is not aware of 1959 act registration. What is the procedure to register the RWA under 1959 and how much it will cost and what will be the cost for 1972 act bye law creation and registration.
A.Dear Client,
To register the Residents' Welfare Association (RWA) under the 1959 Cooperative Society Act, you would typically need to follow a set procedure. Begin by preparing the necessary documents, including the application form, memorandum of association, and bye-laws. Consult with a legal professional to ensure compliance with the specific requirements outlined in the 1959 Act. The cost of registration can vary based on factors such as legal fees, stamp duty, and registration charges, so it's advisable to obtain quotes from legal experts or authorities involved in the registration process. Simultaneously, if the promoter insists on adhering to the 1972 Act for deed transfers, the creation, and registration of bye-laws under this Act may involve separate costs, which you can discuss with legal professionals. It's essential to clarify the legal requirements and associated expenses before proceeding with the registration process to ensure a smooth and legally compliant formation of the RWA.
To register the Residents' Welfare Association (RWA) under the 1959 Cooperative Society Act, you would typically need to follow a set procedure. Begin by preparing the necessary documents, including the application form, memorandum of association, and bye-laws. Consult with a legal professional to ensure compliance with the specific requirements outlined in the 1959 Act. The cost of registration can vary based on factors such as legal fees, stamp duty, and registration charges, so it's advisable to obtain quotes from legal experts or authorities involved in the registration process. Simultaneously, if the promoter insists on adhering to the 1972 Act for deed transfers, the creation, and registration of bye-laws under this Act may involve separate costs, which you can discuss with legal professionals. It's essential to clarify the legal requirements and associated expenses before proceeding with the registration process to ensure a smooth and legally compliant formation of the RWA.
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A.Dear Sir,
You have to check with concerned registering office and comply the formalities as per their instructions.
You have to check with concerned registering office and comply the formalities as per their instructions.
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A.Dear Client,
The formation and registration of an Apartment Owners Association is governed by the state-specific Apartment Ownership Act and the Housing Deptt of the respective State Govt. is the competent authority as well as regulatory under the said Act. Accordingly, you need to visit the office of the competent authority for detailed information and procedures required to be complied with for registration of the Association under the relevant Act. Sometimes, a third-party agency registered under the Companies Act, 2013 is engaged for the purpose who undertakes complying with all the statutory procedures and formalities from formation to registration including the election of the first Board Managers of the New Association following the provision of Byelaws. Builders are required to facilitate the formation of the Apartment Owners Association and hand over the funds and assets to the governing body of the registered association.
The formation and registration of an Apartment Owners Association is governed by the state-specific Apartment Ownership Act and the Housing Deptt of the respective State Govt. is the competent authority as well as regulatory under the said Act. Accordingly, you need to visit the office of the competent authority for detailed information and procedures required to be complied with for registration of the Association under the relevant Act. Sometimes, a third-party agency registered under the Companies Act, 2013 is engaged for the purpose who undertakes complying with all the statutory procedures and formalities from formation to registration including the election of the first Board Managers of the New Association following the provision of Byelaws. Builders are required to facilitate the formation of the Apartment Owners Association and hand over the funds and assets to the governing body of the registered association.
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