Deposit

Querist : Anonymous (Querist) 03 August 2011 This query is : Resolved
When a member sells his flat, can we take
2 Lakh Rupee deposit along with 25000 transfer fee from New incoming member
in Housing society by passing a resolution in AGM to improve health of society.

what happens when bank goes bankrupt, what type of resolution we have to pass, any idea

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ajay sethi (Expert) 03 August 2011
in case of sale of flat society can take only transfer charges of Rs. 25,000. no deposit can be recovered

Advocate Rajkumarlaxman (Expert) 03 August 2011
First question you can take 25000/- but no deposists allowed as per our experts opion i agree for the same

bank goes bankrupt, what type of resolution we have to pass, any idea ? you question is not complete which bank a nationalised a co-op. bank or scheduled bank specify. always pose separate queries for separate topics otherwise you yourself will also get confused one or the other time.

prabhakar singh (Expert) 03 August 2011
I AGREE WITH EXPERTS.

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