Chs query

Franklin (Querist) 14 December 2015 This query is : Resolved
A member in our society has requested for a NOC to open a Current Account with the bank as she has taken up to professional training. The session will not be held in the flat but at various company locations.
As secretary can I issue the NOC to a self employed professional.
What is the procedure and what are the implications if any? Will her flat be considered a commercial premises?

Please enlighten

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Guest (Expert) 14 December 2015
For opening bank account why NOC is needed?

There are certain professional activities that are allowed to be carried out from home. If proposed activity in home is as per allowed activities, society cant object.

Society does not have any statutory powers and is merely a service organisation set up to look after common property and to provide maintenance services.

Rajendra K Goyal (Expert) 14 December 2015
As office bearer you should avoid issuing any permission which is against the bye - laws or otherwise.

Kumar Doab (Expert) 14 December 2015
Mr. Goyal is right.

K.S.Srinivas (Expert) 18 December 2015
For opening Current account in the bank, why NOC?

Guest (Expert) 18 December 2015
Exactly Srinivasan sir, NOC is not required to open a bank account. Querist did not reply to my query too. Let this thread be closed.

T. Kalaiselvan, Advocate (Expert) 25 December 2015
The author is avoiding to reply the queries raised by experts, hence there can be no more opinion to her query.

Advocate. Arunagiri (Expert) 25 December 2015
I think it is not NOC, it is a introducer consent for opening a new bank account.

Guest (Expert) 25 December 2015
exactly. That he can get from any account holder in same bank for example SBI.

Franklin (Querist) 21 May 2017
Can a housing society charge a landing fee from a member who rents out his flat?

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