Western India Regional Council of
The Institute of Chartered Accountants of India

(Setup by an Act of Parliament)

September 24, 2019

CA. Ramesh Prabhu, CA. Mukul Varma

GR No. Stamp-2017/2453/Pra.Kra.410/M-1 Dated: 20/09/2019: The sub-Registrar of Assurances have been directed to register agreement for sale of Apartments having RERA registration or apartments which are exempted from RERA registration.

GR: Misc-2019/Case No10/Du Va Pu 1 Dated: 13/09/2019: Government has passed a resolution to grant Concessions and incentive FSI, interest subsidy of 4% pa, one window clearance etc to cooperative housing societies to promote self redevelopment of CHS in Maharashtra.

Madras HC in WP 27100 of 2019 and WMP No. 26479 of 2019 has granted an interim stay for levy of GST on the amount upto Rs.7,500/- per member per month and to charge GST on the amount in excess of Rs.7500/- per month per member in the case of Residential welfare Association or the society.

GR: 07/09/2019 issued by Cooperative Department has postponed the election to all the Cooperative housing Societies upto 250 members till 31st December, 2019 as the Rules for conducting such elections are yet to be notified.

HC Mumbai: Second Appeal(ST) No. 27914 of 2018 with Civil Application 1313 of 2018 in the case of M/s. Samruddhi Developers Vs.Kiran Vasant Verekar, it has been held that the new developer shall be liable to discharge all the obligations and liabilities towards allottees created by the earlier developer irrespective of the fact whether, the new developer was a party to such transaction or not as per section 15 of RERA.

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