A Comparative Analysis of the Double Verification Ledger System and the Maker-Checker Model
Efficient society management requires robust financial controls and systems that promote transparency and accuracy. Two widely adopted approaches in housing society management are the Double Verification Ledger System and the…
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Strengthening Society Management: The Double Verification Ledger System.
In today’s fast-paced world, managing housing society affairs efficiently is a demanding task. To address the challenges of complex transactions and ensure financial accuracy, many housing societies are adopting innovative…
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Conveyance deed & Builder Handover Process
The process of handing over of an apartment from a builder to a registered society typically involves the following steps: Completion of construction: First and foremost the builder must complete…
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Stuck with an Incompetent Solo Manager? You’re Not Alone!
Many Residents Welfare Association (RWA) teams today are stressed out while running their society. Running a society is no longer a one-man show, and that’s why there is a mandate…
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How to prepare a budget for a cooperative housing society?
Here is a general process for preparing a budget for a cooperative housing society in India: Review past financial performance: Review the society’s past financial performance, including its income, expenses,…
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What are the compliance requirements for registered cooperative housing societies in India?
Compliance with housing laws in India. In India, there are several housing laws that cooperative housing societies must comply with, including: The Cooperative Societies Act, 1912: This act governs the…
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How to manage the Financials of the Cooperative Housing Society (CHS) in India.
Financial management for a cooperative housing society involves maintaining the society’s accounts of income and expenditure and preparing an audited annual statement of accounts. The society must ensure that all…
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How to prepare cooperative housing societies’ (CHS) bylaws?
The constitution or the bylaws of the cooperative housing society outlines the rights and obligations of the members of the society. It should include the name of the society, its…
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How do register cooperative housing societies in India?
All cooperative housing societies must be registered with the Registrar of Cooperative Societies in their respective states. Here is the general process involved in the registration of a cooperative society….
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The Significance of ERP Accounting Features Among Homeowners/Residents
OlaGate is made to bring the neighbourhood and the residents together for a holistic growing opportunity. Every feature it has is carefully created to tweak and enhance the growth opportunity…
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