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.
A second account to run parallel to the original account may not be recognised in law, so instead of merging with each other, it may be decided among the new unit members to have their own society with their own functionaries. You all can gather and discuss the feasibility and other provisions in this regard, if need be, private consultation with a reputed advocate may be had for processing it.