apartment living -society vs company for maintainance
Querist :
Anonymous
(Querist) 22 August 2010
This query is : Resolved
WHICH ONE IS MORE SERVER TO THE INTERESTS OF RESIDENT OWNERS/LIVERS: A SOCIETY OR COMPANY?. TO MY UNDERSTANDING THE ACCESSIBILITY AND ACCOUNTS STOCK APPRAISAL POWERS ARE MORE VESTED IN SOCIETY THAN COMPANY. ADMINISTRATIVE EXPENDITURES ARE MORE WITH COMPANY THAN SOCIETY. PLEASE OPINE WITH VALUABLE SUGGESTIONS.
s.subramanian
(Expert) 22 August 2010
Forming a society is better. The formalities are simple and subsequent conduct of daily affairs are also simpler. It would be inexpensive as well.
Querist :
Anonymous
(Querist) 22 August 2010
We are in fix and rather helpless.Our apartment complex Grand GEEJGARH IS CONSTRUCTED BY SHREE GANAPATI CONSTRUCTIONS IN COLLOBORATION WITH OWNERS OF GEEJGARH HOUSE. THERE ARE HUNDRED FLATS.AS PER INFORMED SOURCES,32 ARE SOLD BY VENDOR AND REMAINING 68 ARE SOLD BY BUILDERS (THREE PARTNERS).BUILDER AND VENDOR HAVE OTHER BUSINESS COLLOBORATION TOO. THROUGH THE HELP OF BUILDER,VENDOR (ALSO A RESIDENT),CLANDESTINELY WITH INBUILT 'FRAUDULENT'STRATEGY FORMED A COMPANY GEEJGARH RESIDENT CLUB AND MAINTAINANCE SERVICE. OUT OF FOUR DIRECTORS TWO BELONG TO VENDOR WITH A CLAUSE OF THEIR PERMANANCY NATURE,TWO ARE FROM RESIDENTS WITH ??AFFILIATES OF BUILDER. NO MEMORANDUM OF COMPANY GIVEN TO RESIDENTS THROUGH RECEIPTED COPY.NO MAINTANANCE CONTRACT MADE WITH ANY OF RESIDENTS. COMPANY STARTED FUNCTIONING WITH ACCOUNTABILITY/APPRISAL OF ACTUAL/PROJECTED EXPENDITURE. NO GENERAL BODY MEET OF ALL OWNERS. EACH RESIDENT HAD PAID RS.TWO LAKHS /FLAT FOR MAINTANANCE AND HEALTH CLUB MEMBERSHIP. WE ARE NOT AWARE WHERE THIS MONEY IS DEPOSITED? BUILDER IS PLANNING TO LEAVE WITH SEVERAL DEFICIENCIES IN COMMITTED WORKS. WE ALL ARE APPREHENSIVE OF ENSUING ESCATION IN EXPENDITURE,,FIRSTLY IT BECAUSE A COMPANY IS WORKING WITH MANY OF AVOIDABLE EXPENSES,SECONDLY WITH BUILDER - VENDOR COLLOBORATIONS IN OTHER BUSINESS ,CHAIRMAN OF COMPANY IS NOT KEEN/ABLE TO GET OUR DEPOSITS WORTH 2 CRORES. KINDLLY GUIDE US WITH SUITABLE PATH OF ACTION .
