There are two phase build by builder. Builder has completed the one year tenuer for maintainance and handover the documents to phase I society, which is already established six years back. now we phase II flat owners will be merged into existing society. since the eage diffreence of both the pahse are difference, phase II flat owners are having concern about the expences for phase I maintainance. now we phase II flat owners want to amke a seperate account for phase II, where we can maintain our maintaince fees and expences. for common ammenities we can collect amount on mutul understanding .
whether there is any hurdle to have two accounts in single society.
Asked 8 years ago in Business Law
before geting merged into the existing society, we phase II flat owners want to open second account, hence our maintance collection can be deposited in new account. is it possible to ask for new account, before we start merged in or to get share certificate. what is the procedure to open second account. phase II is agreed to have singnature authority of existing commetee.so what is the procedure to open second accout in existing society for phase II maintanance collection.
Asked 8 years ago