Hi all respected experts,
As per new model bye-law No.38 (e) (ix), can a co-op. housing society within the municipal corporation areas in Maharashtra collect an amount of Rs. 25,000/- as a premium (which, I believe, has been fixed vide the circular from the Department of Co-operation, Government of Maharashtra) for the transfer of the property without getting it approved by the General Body Meeting? If no such resolution is passed, can a transferee apply for the membership of the society simply by paying Rs.500/- as transfer fee and Rs.100/- as entrance fee and still get the NOC from the society for housing loans purposes?
Your guidance will be highly appreciated.
