How to Register A Society Under the Societies Registration Act 1860
The Societies Registration Act 1860 is a law passed in India that governs the registration and operation of societies, associations, and other non-governmental organisations. This Act is also known as the Societies Act 1860 and has been in effect for over 150 years and continues to be an
HP Society Registration Act 2006: Fees, Rules, and Process
To start a residents’ welfare association, charitable trust or educational body in Himachal Pradesh, it has to be formally recognised under the governing state legislation. These organisations acquire legal status by registering with the HP society, which allows them to own assets, sign c
Financial Statements of Cooperative Society
The financial statements of a cooperative society are some of the important documents that present the financial status and activities of the society. These statements will aid members and regulators in informed decision-making on the basis of transparency and accountability. <!-- /wp
Can Housing Society Invest in Mutual Funds?
Cooperative housing societies now have a powerful new financial tool: mutual fund investments. An amendment to the Indian Trust Act, 1882 has opened doors for over one lakh cooperative housing societies (CHS) across India to invest in mutual funds and shares a major shift from earlier rul
How to Save Capital Gain Tax on Sale of Residential Property in India
Selling a home in your society is a big financial decision, and taxes should not eat into the profit. Fortunately, the Income Tax Act provides several legal ways to reduce or even eliminate capital gains tax. This guide explains what counts as capital gains, how they are taxed, and how to
Model bye laws of co operative housing society - Rules and Regulation
The bylaws play an important role in a housing society. They help to regulate the people in the society as well as run the society. All these rules and regulations that the society has set are to ensure that the functionality of the society and daily activities are properly maintained so
10 Safety Rules at Playground for Children in Gated Societies
Keeping kids safe at the playground in a housing society doesn’t have to be tough. Did you know that around 40% of playground injuries in India happen because of unsafe play areas? Simple actions like checking equipment regularly, keeping surfaces clean, and ensuring an adult is always ne
No Occupancy Certificate Needed for Small Bengaluru Buildings
Building a house on a small plot in Bengaluru just got simpler. The Karnataka government has announced that homes constructed on sites up to 1,200 sq. ft. will no longer need an Occupancy Certificate (OC). This is a great relief for homeowners and small-scale builders who have long strugg