School registered under a society

Dev Tandon (Querist) 29 March 2015 This query is : Resolved
Dear sir/maam
I am running a school registered under the societies act.The land of the school is owned by me. I have leased the land to the society of which i get a rent of rupees 20000 per month. Also I am the manger of the school.
Please advise on that how i can increase my source of income form this school as it is the only business i have and also what allowances the school/society can provide me.

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Sudhir Kumar, Advocate (Expert) 29 March 2015
read Constitution of society.

Dr J C Vashista (Expert) 29 March 2015
Post this query on CA Club.

K.K.Ganguly (Expert) 29 March 2015
1. You have stated "I am running a school registered under the societies act",

2. I thing the said school is being run by a socierty by paying rent of your land upon which the school is situated and also by employing/engaging you as a Manager of the Chool,

3. The Society shall have to decide whether it is willing to increase your income or not.

Guest (Expert) 29 March 2015
You hold two different positions, one as the owner of property and the other as the office bearer or employee of the society.

You will have to move an application, as the owner of the land, addressed to the society for proposing specific, but with adequate increase in rent. On the other hand the society would need to pass a resolution accepting your proposal fully or partially or rejecting that with majority vote by members of the society. On on approved resolution placed on record of the society can make you eligible or not eligible for the increase of rent.

If you want more advice, click at "CLICK TO TALK" link available at my profile page.

OR

Open the following link in a separate browser
http://www.lawyersclubindia.com/lci_connect/default.asp?member_id=98620

Rajendra K Goyal (Expert) 29 March 2015
You should refer the provisions of the society and move accordingly.

Sudhir Kumar, Advocate (Expert) 29 March 2015
I reiterate

read Constitution of society.

T. Kalaiselvan, Advocate (Expert) 30 March 2015
Increasing your income will depend on the sources you rely, so better be clear in what you wanted to clarify.