The Supreme Court on January 2, 2023, upheld the Centre’s decision to demonetise currency notes of Rs 500 and Rs 1000 denominations in 2016. Being the Executive’s economic policy, the note ban move cannot … READ FULL STORY
The managing committee of a housing society has the responsibility to issue share certificates. Just like the sale deed is an important document that the rightful owner of a property has in their possession, … READ FULL STORY
The National Company Law Appellate Tribunal (NCLAT) has set aside a 4-year-old order by the Competition Commission of India (CCI) in which the latter had provided relief to real estate developer DLF and its … READ FULL STORY
Property gifted to mother for a negligible amount of Rs 5 lakh would not amount to as gifting, the Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has ruled. In its order dated … READ FULL STORY
The Centre is mulling changes in the insolvency law for faster wrapping up for builder insolvencies, reported US news agency Bloomberg. According to the report, which quoted unnamed sources, the changes in the Insolvency and Bankruptcy Code (IBC) … READ FULL STORY
Thousands of financial institutions make up India’s extensive banking system. Every day, millions of transactions are completed, with amounts varying widely by region and culture. So, recording the trades is crucial. Reserve Bank of … READ FULL STORY
The importance of the IFSC code in the contemporary financial industry has grown in recent years. It’s the most crucial identifier for keeping tabs on money as it moves across the country’s banking system … READ FULL STORY
Even as 34,398 projects worth Rs 11.5 lakh crore are registered with the Maharashtra Real Estate Regulatory Authority (Maha RERA), 2,800 projects worth Rs 90,000 crore have lapsed, mentions a ToI report. According to … READ FULL STORY
The district-level consumer panel in Mumbai has directed a Borivali housing society to pay Rs 1.25 lakh as compensative to an owner over its failure to address a leakage complaint. Stating that a housing … READ FULL STORY
Community certificates indicate membership in a particular community to prove that a person belongs to a specific caste. As per the Indian constitution, the government considered that Other Backward Castes (OBCs), Scheduled Castes (SC), … READ FULL STORY
Terraces in housing societies are part of common areas, meant for all flat owners. This also means developers have no right to use this space for any commercial use, a local court in Chennai … READ FULL STORY
Builders in India must mention the “non-negotiable” clauses at the time of providing agreement to sale, the Maharashtra Real Estate Regulatory Authority (RERA) has ruled. The state authority issued a notification in this regard … READ FULL STORY
State can’t charge stamp duty on registration of relinquishment deeds through which a family member gives up his share in a property for another family member, the Gujarat High Court (HC) has ruled. The … READ FULL STORY
