Section 27 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Appellate Authority and Appeals (1) The StateGovernment may, by notification in the Official Gazette, appointan officer or an authority as Appellate Authority, with the power todecide appeals against the orders of the Competent Authorityunder this Act:71Provided that the State Government may appoint more thanone officer or authority under this sub-section and distribute thework among them […]

Section 26 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Powers of the Competent Authority The CompetentAuthority shall, for the purposes of discharging its functions underthis Act, have the same powers as are vested in a civil court underthe Code of Civil Procedure, 1908 (Central Act No. 5 of 1908)while trying a suit, in respect of the following matters, namely:-(a) summoning and enforcing the attendance

Section 25 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Competent Authority and its functions (1) The StateGovernment shall, by notification in the Official Gazette, authorizeany officer or authority to perform all or any of the functions of theCompetent Authority under this Act and different officers orauthorities may be authorized for different areas.(2) The Competent Authority may, on an application madeto it,-(i) approve the percentage

Section 24 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Joint and several liability of vendor etc. for unpaid common expenses – (1) Upon the sale, bequest or other transfer ofan apartment, the purchaser of the apartment or the grantee orlegatee or the transferee, as the case may be, shall be jointly andseverally liable with the vendor or the transferor for all unpaidassessments against the

Section 23 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Association to cut off, withhold, curtail or reduce essential supply or service (1) If an apartment owner,-(a) either wilfully violates or evidently threatens toviolate the provision of sub-section (6) of section4, or(b) fails to pay the common expenses, which arepayable by him under this Act for a period of morethan six months,the general body of

Section 22 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Separate assessments Notwithstanding anything to the contrary contained in any law relating to local authorities, eachapartment and its percentage of undivided interest in the commonareas and facilities appurtenant to such apartment shall be deemedto be separate property for the purpose of assessment of tax onlands and buildings leviable under such law and shall be assessedand

Section 21 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Common expenses to be a charge on the apartment All sums assessed by the Association, but unpaid for the share of the common expenses chargeable to any apartment, shall constitute a charge on such apartment prior to all other charges except only-(a) the charge, if any, on the apartment for payment ofGovernment and municipal taxes;(b)

Economic order quantity (EOQ)

EOQ stands for Economic Order Quantity. It is a measurement used in the field of Operations, Logistics, and Supply Management. In essence, EOQ is a tool used to determine the volume and frequency of orders required to satisfy a given level of demand while minimizing the cost per order. What Is Economic Order Quantity? Economic order

Pradhan Mantri Matru Vandana Yojana

Pradhan Mantri Matru Vandana Yojana (PMMVY) is a Maternity Benefit Programme that was launched on the 31st of December, 2016 for the benefit of pregnant and lactating mothers. It is implemented across the country in accordance with the provisions of the National Food Security Act, 2013. Objectives The scheme has been launched with the object

Conversion of Private Company into Public Company

In order to diversify the business on large scale it is better to convert private limited company to Public Limited Company. The main benefit of Public Company is that it is easy to raise funds on a large scale basis without approaching banking system and thereby reducing debts while in case of Private Limited Companies all the