2 bank accounts in one single registered society
abhay munje
(Querist) 25 February 2011
This query is : Resolved
Hello experts,
there is dispute in two groups of same building. current status in brief
1. building A is almost 7years old
2. building B is just 1.5years old.
3.. builder has given single main entranceway
for both buildings.
4. New building tenants are asking for independent bank account only for day to day transactions for statutory payments and monthly wages.
5. new building has got solar where as old building do not have.
6. cost of new building is more then old one.
7. hidden agenda of some of old tenants seems to be utilize new building tenants funds.
can new tenant open new bank account & for final submission to register both accounts can be merged and submitted.
need opinion of experts.
Sri Vijayan.A
(Expert) 26 February 2011
Negotiations between both the groups is the only feasible way