Major Reforms in Co-operative Sector in Maharashtra for fulfilling the objectives of the National Policy by Adv. R. P. Rathod.

The State Cabinet on Dt. 30th January 2013 approved several reforms in the Co-operative Sector but diluted it to suit the present system. All States in India are required to implement by February 14th the 97th Constitutional amendment of 2012 mandated by the Centre in the Co-operative Sector. Adv. R. P. Rathod states that “It is expected that these new amendments would come into force latest by February 16, once an ordinance is promulgated after the cabinet passes the minutes of the meeting and it gets notified in the Official Gazette.”

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The Maharashtra Housing (Regulation and Development) Bill 2012 a farce or reality examines Adv. R. P. Rathod.

Shri. Sachin. Ahir., Minister of State for Housing, had reintroduced "The Bill", along with the recommendations given by the 19-member committee, in the legislative assembly on Monday the 16^th July 2012. After discussions finally the Bill has been passed by both houses of the Maharashtra Legislative Assembly and was supported by the opposition, however only a handful of legislators were present in the House when the bill was approved. As the Bill involves punitive actions like imprisonment, hence the bill will have to be sent for the President’s assent.

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Good News - 1% TDS on Property Sale, rolled back by Finance Minister

Initiating the debate on the Finance Bill for 2012-13 in the Lok Sabha, Finance Minister Pranab Mukherjee said the government had decided to roll back the proposed 1% tax deduction at source (TDS) on transfer of immovable property.

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CHS MEMBERS PLEASE NOTE THAT THE VALIDITY OF ENCASHING CHEQUES HAS BEEN REDUCED TO 3 MONTHS

          Bankers’ cheques and other monetary instruments will have only a three-month validity beginning from Dt. 1^st April 2012, instead of the existing Six months, a Reserve Bank of India communiqué has said. This change is a consequence of an RBI Notification issued on Dt. 4^th November 2011. Cheques, drafts and pay orders will only be valid for three months from the date that they have been drawn. Those having cheques and other monetary instruments with six-month validity before 1 April will have to remit them before this date, or their expiry will be reduced to three months. 

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Lokhandwala Construction company, ordered by the Consumer Disputes Redressal Commission to pay a Sion resident Rs. 25 lakh towards Compensation

In an recent Order passed by the Consumer Disputes Redressal Commission, the forum have held Lokhandwala Constructions liable for “Deficiency in Service” & have ordered them to pay Rs 25 lakh as compensation to the Complainant. An analysis of the said order by Adv. R. P. Rathod.

Adv. R. P. Rathod. says that in this matter the Complainant Mr. Bala. Ayer., had alleged that Lokhandwala Constructions sold-off the Flat to a third party for which he had paid Rs 43.7 lakh.

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