India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Express Power

Advertisers Forum

Express Careers

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Graffiti

Crossword

Drumbeat: Ad Buzzaar


Corporate

Economy

Expressions

Markets

Leisure

 

Wednesday, August 5, 1998

Maharashtra asked to give norms for levy of NOC on flats 

Manju AB  
Mumbai, Aug 4: The select committee set up to suggest a scientific base for fixing non-occupancy charges (NOC) for cooperative housing societies has asked the Maharashtra government to prescribe detailed norms for the levy of such charges.

The committee, which submitted its draft report to the state government last week, has suggested that the managing committee must fix the non-occupancy charges taking into consideration various factors like location of the society, prevailing rates charged to the users of the premises, commercial and industrial importance of the locality etc.

Non-occupancy charges is a fee levied by the society on the earnings of a member who leases out his flat. However, if the premises are not utilised by the member, and kept locked-up, no charges should be levied by the society, the committee has said. In such cases, the member will have to submit an affidavit duly notarised that the premise is not fetching any income.

The select committee formulating the recommendations includeadvocate Vinod Sampat, Estate Agents Association of India president Atul Shah, advocate Mahabaleshwar Morje, and is headed by the divisional joint registrar, co-operative societies, Mumbai division.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Click here for a printer-friendly page Printer-friendly page

An independent investment information and credit rating agency


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties