If disputes arise in a co-operative housing societies located at Kalyani, Krishnanagar, Nadia, Salt Lake, or any part of West Bengal then such disputes are to be referred to the Deputy Registrar or Assistant Registrar of Co-operative Societies in West Bengal.
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Hypothecation legally means providing something as collateral for any form of debt. However, although a collateral security is provided the debtor usually does not have to turn over physical custody of the collateral although the lender is “hypothetically” in control of the collateral.
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You must check the following before embarking upon buying any property, be it a house, land or an ownership flat or even a Co-operative society flat.
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The concept of “Non Resident Indian” has been defined differently under various statutes such as the Income Tax Act, 1961 and Foreign Exchange Management Act (FEMA), 1999.
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A cooperative housing society in West Bengal is formed under the West Bengal Co-operative Societies Act, 2006, which however came into force in 2010.
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The implications of incorporating RERA in West Bengal are of significant importance due to the real estate issues faced by homebuyers.
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Land continues to be of growing importance in today’s age of technology and development and the essence of land is etched deep within the history of India.
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In 1949, the State of West Bengal enacted the Calcutta Thika Tenancy Act, 1949 with effect from 28th February, 1949 for better provisions relating to the law of landlord and tenant in respect of thika tenancies in Calcutta.
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Side letters are commonly entered into by parties in commercial transactions. Side letters are ancillary to the main documents and parties generally enter into side letters to the main subject matter of the agreement.
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The basic purpose of Indian Stamp Act, 1899 is to raise revenue for the Government of India. However, over a period of time, the stamped document has obtained so much value that a ‘stamped document’ is considered much more authentic and reliable than an un-stamped document.
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