Bhakti 09 October 2017

NA tax for flat owner from building in Co-op society

We reside in a flat which is constructed on a plot of co-operative housing society. Recently we received a document from society member to pay the NA tax. Is it necessary for flat owner to pay the tax? Or it has to be paid by builder before constructing the building? As the land is already marked as NA and building is completed, do we still need to pay the tax? We got the completion certificate and have the sale deeds done too. Please confirm.

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Sur39 (Financial Controller (last designation)) 10 October 2017

1, Managing Committee (M.C. for short) has inherent powers to approve Transfer Appilcations (T.A. for short) after doing due deligence and following the procedure laid down in bye laws.

2, In an exceptional case, an Agenda with a Resolution to approve a T.A.can be brought befoee the General Body (GB for short) only if all documents concerning the Transfer are funished to members with the said Notice or kept for perusal of members for 14 days.

3. 'Ratificiation' route MC uses for approval of such TAs by GB has no meaning !.

4. The Agenda on T.As approved by MC should be "for infornation" and not for "approval"

Suresh Kamat..