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 […]
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
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)
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 (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
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
Captive Mobile Radio Trunking Services License is granted on a non-exclusive basis in the designated service area by utilizing any type of network equipment, including circuit and/or packet switches, that meet the relevant International guidelines. CMRTS networks are extensively used by State/ City Police, Public Sectors, Utilities, Metros, Airports, Refineries, Steel Plants etc for their
A cash flow statement tracks the inflow and outflow of cash, providing insights into a company’s financial health and operational efficiency. The CFS measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. As one of the three main financial statements, the
Promoter to render account to the Association Every promoter shall render an account to the Association for the amount collected by him, from the apartment owners before the formation of the Association, towards common expenses, sinking fund for replacement of fixed assets and payment of State Government and municipal taxes and shall transfer the balance,
Common profits, common expenses and other matters (1) The common profits of the property shall bedistributed among, and the common expenses shall be charged to,the apartment owners according to the percentage of the undividedinterest of the apartment owners in the common areas andfacilities.(2) Where the apartment owner is not himself in theoccupation of the apartment
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
Ph: 9971782649
E: cabkgoyal@gmail.com
