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10. Legal

Recovery agent

RBI Strategies for Recovery Agents

To curb the harassment faced by many bank customers, the RBI on Banking Ombudsman (BO) has implied various rules to be followed by the recovery agents. Bank customers are solely a target of harassment and compulsions on various pretexts. Various banks and financial institutions hire recovery agents legally and illegally to recover the debts from […]

Pay Your Property Tax by April 30 and Get 5 Per Cent Rebate

Bruhat Bangalore Mahanagara Palike (BBMP) started collecting property tax for the new financial year 2010-11. You can pay your property tax either in full payment or in two equal installments. The property tax amounting less than Rs. 1,000 can be paid in cash while the amount exceeding Rs. 1,000 has to be paid via Cheque […]

Formation of Apartment Owners Association in Hyderabad

Hyderabad is the most populous city of the South Indian state of Telangana. The city is regarded as a blend of traditionality with modernity.The city is administered by a nagar nigam called Greater Hyderabad Municipal Corporation (GHMC). The apartment owners in India can voluntarily form an Apartment Owners Association for the maintenance of the apartment […]

Handover from builder and Corpus fund for Apartment maintenance

The apartment owners association plays a vital role in maintaining the apartment and its amenities. But before the formation of apartment owners association, it is the duty of the builder to maintain the apartment and its amenities. Most developers provide a corpus fund for the maintenance of the apartment and its amenities. The builder collects […]

Income Tax and Rebate for Apartment Owners Association

Apartment owners association plays vital role in maintenance of apartment and works for welfare of its members. Apartment owners association may or may not be registered but it is always recommended to register the association to sue or defend any legal action. Apartment owners association collects maintenance charges from its members and earns revenue from […]

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