Documents Required

How do I register a society in Mumbai?

Documents Required

  1. Covering Letter Schedule-A.
  2. Memorandum of Association with Identification (Each page should be signed by three members of the managing Committee) Schedule-B.
  3. Rules and Regulations (Each page should be signed by three members of the managing Committee) Schedule-C.
  4. Consent letter of all members Schedule-D.

What is the society transfer charges in Mumbai?

As per Bye-Law no. 40(d)(vii) the Society should collect transfer charges 2.5% of the difference between the book value of the flat and the price realized by the transferor on Transfer of the flat OR maximum Rs. 25,000/- whichever is less.

How do you create a building society?

Process To Housing society registration:

  1. Step 1: Ten individuals required together who are desirous of forming a society.
  2. Step 2: Selection of chief promoter.
  3. Step 3: Naming of society.
  4. Step 4 :- Application has to be made to the Registration authority.
  5. Step 5 : Entrance fees and share capital.
  6. Step 6 : Opening bank account.

What is society formation?

Society is formed when a group of people comes together for a common purpose or a charitable cause. These societies are mostly formed for the promotion of the following charitable causes. Minimum of seven people is required to form a society.

How can I check my registered Society in Mumbai?

Visit Simply click this link or copy-paste the same into the search bar on your browser. Click on Society β†’ e-Governance β†’ Society Validation β†’ Check online validation. If you have already created login credentials, use them to log on to the site.

What is a society under Society Registration Act?

Societies formed by memorandum of association and registration.β€”Any seven or more persons associated for any literary, scientific, or charitable purpose, or for any such purpose as is described in section 20 of this Act, may, by subscribing their names to a memorandum of association, and filing the same with the …

Who pays transfer charges in Mumbai?

*The buyer must also pay a transfer fee of Rs 500. *The buyer will also have to pay a premium of Rs 25,000. However, in case the flat is being transferred among family member or to the legal heir of the actual owner after their death or mutual exchange of flats among the members, this fee is not applicable.

Who pays transfer fees buyer or seller?

the buyer
Transfer costs are paid by the buyer of the property, to a conveyancing attorney who is appointed by the seller of the property. This is one of the additional costs incurred by the buyer, which also includes bond registration costs, rates and levies, and insurance.

Who can be a member of society?

A Society can be created by a minimum of 7 or more persons. Apart from persons from India, companies, foreigners, as well as other registered societies can also register for the Memorandum of association of the society. Similar to Partnership firms, society can also be either unregistered or registered.

How do I register a society?

Preparation of the constitution and relevant forms (Form Aand Form B) Lodge the documents for registration with the registrar of societies in the office of the Registrar General accompanied with the prescribed fee. After approval the society will be issued with a certificate of registration of society is then issued.

How is society maintenance calculated?

Per sqft charge Per sq, ft method is extensively used for the calculation of the maintenance charges for the societies. On the basis of this method, a fixed rate is levied per sq ft of the area of the flat. If the rate is 3 per sq ft and you have a flat of 1000 sq ft then you will be charged INR 30000 per month.

What is a society under society Registration Act?