SAHAKARSUTRA

FDI IN RETAIL – TAKE A BALANCED VIEW OF PROS AND CONS... After I published my note on FDI in Retail and termed it boldly as a 'welcome move' - I have been flooded with posts - congratulating me and criticizing me. There has been lot of hoopla over Foreign Direct Investment in the Retail sector. With the elections coming up in few states, the central government has finally bit the bullet and approved the 100% FDI in multi-brand retail. FDI in Retail is likely to usher in further economic reform. Let us discuss the Pros and Cons of FDI in Retail. Before discussing that let us have a look at the overall economic status of retail sector at present. Let us have a look at the Indian retail industry The Indian retail industry has scaled impeccable growth over the last decade with an amiable acceptance to organised retailing formats. The industry is maturing towards modern concept of retailing, cornering the conventional unorganised family-owned businesses. India has been ranke...

What are the Responsibilities of a Member ? 1.Every member in a Co-op.Housing Society[CHS] is liable to maintain his / her flat in a clean condition. 2.Member must present in Annual / Special General Body Meeting. 3.Member must pay the monthly charges and other charges payable to the society regularly ontime. 4.A member must obey the Bye-Laws of the society and honour the laweul decision taken by the managing         committee and the General Body. 5.Member has to support in working of society as well as support in managing committee to runn society     better. 6.Member must obey the rule set by general body for different services and facility provided by society 7.No member is permitted to make any additions or alteration in the flat without the permission of the     Statutory  Authority and the society.   8.If any member wants to carryout any alteration or addition in his/her flat, he/she has to apply...

Managing   Committee[MC] has to do following work from time to time for management of Society affairs. 1. To ensure to hold every month meeting of MC. 2. To raise Fund /Loan for the Society maintenance 3.To work out rate of following contribution and recommend it in General Body Meeting    a. Sinking Fund    b. Major Repair Fund    c. Transfer of Flat Premium    d. Common Electricity Charges.    e. Service Charges    f. Repairs & Maintenance Charges    g. Non Occupancy Charges    h. Parking Charges.    i. Property Tax.    j. Non Agricultural Tax.    k. Water Charges.    l. Late Payment Charges.    m. Interest on Over Dues.    n. Welfare Contribution. etc. Committee prepares statement of Society Charges and place it before General Body for Approval 4. Makes decision of Investment of Fund, Utilization of Repair Fund from time...

M-20 Bonds for Cooperative Housing Societies may be scrapped M 20 Bonds meant for Managing Committee members of Co-operative Housing Societies may be scrapped soon – a move that will badly hurt the crores of ordinary cooperative housing society (CHS) members living in Maharashtra’s 85,000 societies, while bringing relief to members of managing committees, whose numbers are a mere fraction of these. This was indicated by the Co-operative Minister Harshvardan Patil, at the Housing Melava held in June this year. He said that the requirement for managing committees of CHS to compulsorily file M-20 Bonds within 45 days or face automatic dismissal may be removed. Also, provisions for appointing administrators nominated by the cooperatives department for replacing the expelled managing committees may be removed. And last but not least, new rules may be framed to make it easier for the managing committees of housing societies to expel members who were “troublemakers”. These remarks were ...

Use SAHAKARSUTRA’S   Knowledge-Bank for Solving Your Cooperative Housing Society Problems Dear friends, We live in cooperative housing societies (CHS), but we usually fail to ensure that they work well. A major reason is that we lack the working knowledge of CHS functioning. This need not be the case; a wealth of useful information is available for study, thanks to our tireless team at SAHAKARSUTRA –we keep updating the latest amendments in the laws, important court orders, etc. We are setting up this “knowledge-bank”, from where you can get essential information for Cooperative Housing Society dispute resolution and also smooth running. WHY CHS ACTIVISM IS THE NEED OF THE HOUR  The CHS is the most basic unit of local self-governance. Unfortunately, few people have a proper understanding of CHS rules, laws, procedures and administrative/judicial mechanisms that provide our constitutional safeguards. The result is arbitrariness and misuse of power by man...

BPMC Act,1949 Bottom of Form BPMC Act,1949 — Document Transcript 1. THE BOMBAY PROVINCIAL MUNICIPAL CORPORATIONS ACT, 1949 CONTENTSPreambleSections CHAPTER I PRELIMINARY1. Short title, extent and commencement2. Definitions3. Specifications of larger urban areas and constitution of corporations3A. Deleted CHAPTER II PRELIMINARY4. Municipal Authorities charged with execution of the Act5. Constitution of Corporation5A. Reservation of seats5B. Person contesting election for reserved seat to submit Caste Certificate and Validity Certificate6A. Term of Office of Councillors6B. Election to constitute a Corporation7. Resignation of office by Councillor7A1. Deleted Municipal Election Roll7A. Preparation of Municipal election roll7AA. Deleted7AAA. Deleted7B. Enrolment in municipal election roll Qualifications and disqualifications of voters and Councillors8. Persons qualified to vote9. Qualification for Election as Councillor10. Disqualification for being a Councillor 2. 211. Disabili...