Results for #advice
Legal
#society#redevelopment#developer#society#bring
Our society will soon be undergoing redevelopment, for which we have appointed a developer. Society needs to conduct an EGM in order to bring forward the essential updates in front of the society members. I have been sending written letter to the Chairman of our society requesting him to conduct the EGM meeting at the earliest. Even after sending him 3 letter dated 8.12.2012, 15.12.2012 and 22.12.2012 he has not conducted the meeting yet. We have decided to write to the registrar regarding the same. Kindly advice the course of action for the same.
Our society will soon be undergoing redevelopment, for which we have appointed a developer. Society needs to conduct an EGM in order to bring forward the essential updates in front of the society members. I have been sending written letter to the Chairman of our society requesting him to conduct the EGM meeting at the earliest. Even after sending him 3 letter dated 8.12.2012, 15.12.2012 and 22.12.2012 he has not conducted the meeting yet. We have decided to write to the registrar regarding the same. Kindly advice the course of action for the same.
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can complaint to the Registrar of Co-operative Societies for the failure of your society's managing committee to conduct EGM of 1/4th of the total number of members of your society and can make a requisition in writing to the societies managing commitee to call for such EGM, failing which the members themselves shall be entitled to call for such meeting.
Legal
#property#agricultural#land#rented#shop
We are a family of 6 brothers. Our total property comprises of 4 pieces of agricultural land. We have also rented 2 rooms and a shop. Kindly advice, at the time of distribution of the property among us should we also consider the rented property i.e. the 2 rooms and a shop?
We are a family of 6 brothers. Our total property comprises of 4 pieces of agricultural land. We have also rented 2 rooms and a shop. Kindly advice, at the time of distribution of the property among us should we also consider the rented property i.e. the 2 rooms and a shop?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
At the time of distribution of the properties, the rented properties can also be taken into account subject to the same being tenanted properties and not properties rented by way of leave and license agreement.
Legal
#death#transferred#property#advice#possession
My Father had bought 2 properties in jaipur. After my Father's death my elder brother has falsely transferred one of the properties on his name. I have been living with my family in the same property for 19 years now. My elder brother has not only disconnected the electricity but also he is asking me to leave the property. Please advice as to how can I claim my father's property as I have had the possession of the property for 19 years?
My Father had bought 2 properties in jaipur. After my Father's death my elder brother has falsely transferred one of the properties on his name. I have been living with my family in the same property for 19 years now. My elder brother has not only disconnected the electricity but also he is asking me to leave the property. Please advice as to how can I claim my father's property as I have had the possession of the property for 19 years?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can file a civil suit in a court of Competent jurisdiction on the basis of your title or on the basis of adverse possession.
Taxes & Duties
#flat#offer#taxable#taxes#sell
I bought a flat in Coimbatore for 11 lakhs in 2007.Now, I have an offer of Rs 21 lakhs for the flat. Is the difference amount taxable? If yes then what would be the taxes I would have to pay? I wouldn't be willing to sell it if the taxes are too high. Please advice me as soon as possible, thanks.
I bought a flat in Coimbatore for 11 lakhs in 2007.Now, I have an offer of Rs 21 lakhs for the flat. Is the difference amount taxable? If yes then what would be the taxes I would have to pay? I wouldn't be willing to sell it if the taxes are too high. Please advice me as soon as possible, thanks.
Answered on November 08, 2017
Tax liability will arise on capital gains arising out of difference between sale consideration and purchase consideration. The said gains will be considered as long term capital gains or short term capital gains based on the period of holding of the property. If the property is held by you for a period more than 24 months than the same will be long term else short term. Assuming that the sale w...
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Legal
#advice#property#grandmother#promoters
I am looking for advice regarding a property that is owned by my grandfather. My grandfather passed away in 2001 while my grandmother passed away in 2007. They passed way without a will so my father and his bothers/sisters do not have any claims. Also according to he supreme court the sisters did not have any rights to property before 2005. Can I give this property to the promoters to build something? Also, how can I do this?
I am looking for advice regarding a property that is owned by my grandfather. My grandfather passed away in 2001 while my grandmother passed away in 2007. They passed way without a will so my father and his bothers/sisters do not have any claims. Also according to he supreme court the sisters did not have any rights to property before 2005. Can I give this property to the promoters to build something? Also, how can I do this?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If the property is not partitioned prior to 2006 and is still in joint family name, then even the married daughters will have a claim in such property and any transaction in connection with the property will have to be done by all the legal heirs together.
Legal
#land#hyderabad#advice#loan#loans
I am a 24 year old independent working professional. I am aspiring to buy a plot of land in Hyderabad under DLF builders. I wanted to seek your advice regarding this decision and what kind of procedures should I take care of. I am planning to take a loan of approximately Rs. 11 lakhs and also, currently I don't have any loans on me.
I am a 24 year old independent working professional. I am aspiring to buy a plot of land in Hyderabad under DLF builders. I wanted to seek your advice regarding this decision and what kind of procedures should I take care of. I am planning to take a loan of approximately Rs. 11 lakhs and also, currently I don't have any loans on me.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You will have to conduct a thorouh due diligence of the title of the developer and thereafter apply for loan from any bank offering the best rate of interest for such transaction.
Legal
#kiran#land#worth#paid#payment
Kiran has bought a land worth 40 lakhs from Aman. Kiran paid 10 lakhs to Aman as advance payment and still owes Rs. 30 lakhs to him. They have a written agreement that states that if the remaining amount is not paid to Aman, Kiran's registration will be foregone. Kiran has given the Power of Attorney of the land (which is revocable) to Ram for Rs. 15 lakhs. Kindly advice, if it is possible for Ram to register the land in the name of his wife before the Power of Attorney is revoked by Kiran?
Kiran has bought a land worth 40 lakhs from Aman. Kiran paid 10 lakhs to Aman as advance payment and still owes Rs. 30 lakhs to him. They have a written agreement that states that if the remaining amount is not paid to Aman, Kiran's registration will be foregone. Kiran has given the Power of Attorney of the land (which is revocable) to Ram for Rs. 15 lakhs. Kindly advice, if it is possible for Ram to register the land in the name of his wife before the Power of Attorney is revoked by Kiran?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
No, the title of Kiran is itself incomplete and thus, any transaction by Ram in favour of his wife would be of no consequence and would not pass any title to his wife.
Taxes & Duties
#society#mumbai#july#capital#lakh
I have sold my society plot in Mumbai in July 2012 and I have capital gain of 10.50 lakh. I don't want to buy a property of this money rather want to invest in tax free bonds. Can you advice as which tax free bonds are good to invest in at what interest rate and locking period?
I have sold my society plot in Mumbai in July 2012 and I have capital gain of 10.50 lakh. I don't want to buy a property of this money rather want to invest in tax free bonds. Can you advice as which tax free bonds are good to invest in at what interest rate and locking period?
Answered on November 08, 2017
Both the tax free bonds notified by Central Government currently i.e. NHAI and RECL have the same lock in period of 3 years and rate of interest of 5.25%. So the capital gains of Rs. 10.50 lakhs can be invested in any of the bonds to claim exemption under section 54EC of the Income Tax Act.
Architecture & Interiors
#color#advice
I need a media console, for my living room. Would like some pop of color to the room. Please advice?
I need a media console, for my living room. Would like some pop of color to the room. Please advice?
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