Procedure for registrar to bring defect to notice of society
Jul 24, 2013
Source : The Times of India


PUNE: The procedures for the Registrar to bring defect, disclosed in inquiry or inspection to notice of the society is as follows:

In case, the result of any inquiry held under Section 83 of the Maharashtra Cooperative Society Act or an inspection made under Section 84 of the Maharashtra Cooperative Society Act, discloses any defect in the constitution, working or financial condition or the books of society, the Registrar may bring such defect to the notice of the society.

The cooperative housing society concerned may, within sixty days from the date of any order, as may be made by the Registrar, under the foregoing subsection, appeal against it to the state government.

The state government may, in deciding the appeal, annul, reverse, modify or confirm, the order of the Registrar.

If a cooperative housing society fails to rectify the defects disclosed in the course of or as a result of an audit, under Section 81 of the Maharashtra Cooperative Societies Act or fails to rectify the defects, as directed by the Registrar and where, no appeal has been made to the state government, within the time specified in order or whereon the appeal, so made to the state government has not been annulled, reversed or modified the order, the Registrar may himself, take steps to have the defects rectified and may recover the cost from the officer or officers of the society, who, in his opinion, has or have failed to rectify the defects.

Latest Realty News

'Land, quick approvals necessary for low-cost housing projects'
Jul 24, 2013
MUMBAI: Government needs to ensure availability of land and speedy approvals for effective implementation of low-cost housing projects, real estate developers' body NARDECO said today.
No rebate on early property tax payments this year in Mumbai
Jul 23, 2013
MUMBAI: Procedural and technical delays have forced the civic body to cancel the proposed property tax rebate on early bill payments for 2013. The Early Bird Incentive Scheme will now be rolled out only for the financial years 2014-15 and 2015-16.
Mumbai: At the pinnacle of the luxury market
Jul 22, 2013
MUMBAI: Historically, Mumbai has not just been the financial capital of India but also the ‘luxury capital’ of the country. However, some people are critical of this assessment, pointing to the fact that luxury brands like Louis Vuitton or Gucci have spread to stores in other markets, as well. Nevertheless, when it comes to real estate, the city’s property market still commands a premium in India and also in the global context.
Banks seek priority sector tag for loans to affordable home builders
Jul 22, 2013
MUMBAI: The Reserve Bank of India is examining a plea by banks to recognise loans given to builders/developers of affordable housing projects as priority sector lending.
Days of price rise on residential side behind us: Deepak Parekh, HDFC
Jul 20, 2013
MUMBAI: Amidst stubborn prices in most of the real estate markets, HDFCBSE -2.35 % chairman Deepak Parekh today said the residential price escalation now seems to be a thing of the past.
Kalam roots for green buildings, efficient energy usage
Jul 19, 2013
PUNE: Green buildings, sustainable design and green architecture can ensure that the impact of constructions and infrastructure development on the environment is contained, former President APJ Abdul Kalam said at the GreenCo Summit 2013, which was inaugurated in the city on July 15. Kalam advocated continuous research by recyclers, electronic systems manufacturers and user groups to make green energy cost-effective.
Sea-facing Worli flat goes at Rs 1.23L/sq ft, the highest in the country
Jul 19, 2013
MUMBAI: The Mumbai realty market threw up another record when a 10th-floor, sea-facing flat of the marquee SamudraMahal in Worli sold at the rate of Rs 1.23 lakh per square foot, the highest in the country.
‘Govt willing to relax norms on deemed conveyance’
Jul 18, 2013
MUMBAI: The Maharashtra government on July 17 promised a string of reforms in the existing law on deemed conveyances to give relief to thousands of flat owners in old housing societies who are eager to complete the formality of conveyance.
Recession-struck real estate developers pitch clients on Facebook, Twitter for buyers
Jul 18, 2013
MUMBAI: For many real estate developers one good thing about the recent slowdown in demand is that it has helped them find a cost-effective medium to sell housing projects: social media.
Worli in Mumbai is a realty market to reckon with
Jul 17, 2013
MUMBAI: From being a traditional textile mill location a few decades ago, Worli has come a long way to emerge as one of the prime real estate destinations in the country’s commercial capital.

Latest Realty News Of State

Realty Talk's