NEWS

NaPA holds meeting with Revenue Minister for conversion of Lease to Freehold land

NaPA alongwith the Corporator, Mrs. Harshita Narwekar and MLA, Rahul Narwekar had a brief meeting with the State Revenue Minister, Mr. Balasaheb Thorat on 13th March on Conversion of Leasehold to freehold land. Prior to the meeting, a meeting also took place with the Subsequent to a brief meeting on Conversion of Leasehold to freehold land with Mr. Aditya Thackeray, Yuva Sena Chief and Mr. Chandrakant Dada Patil, Revenue Minister last year. The Commercial buildings are currently asked to pay 50% of Market Value for the conversion. A review meeting is likely to happen post COVID 19 clearance

SC exempts Societies from Sales and Service Tax

The Supreme Court, in its order dtd 03.10.2019 has exempted Sales Tax and Service Tax to Clubs and Societies on the basis of Principle of Mutuality. NaPA appreciates its Auditor – Mr. Pankaj Joshi for constant pursuance on the matter.(You can give a link to the attached order on exemption of sales & service tax)

SC to issue a Final Judgement on Capital Value System of Property Tax

Following the High Court’s judgment on Capital Value System, the MCGM has filed an SLP in Supreme Court challenging the HC order dtd 24.04.19. The SC Bench Hon’ble Mr. Justice Uday Umesh Lalit & Hon’ble Mr. Justice Vineet Saran has summoned the hearing on 17.03.2020 for Final Disposal.

Chief Secretary consented societies to conduct their own election

NaPA stated its objection to the amendment proposed by the Cooperation dept in the Election process of the Society, whereby the State Govt will appoint its Returning officer to conduct election of societies that has more than 250 members. However, the Chief Secretary – Mr. Ajoy Mehta later consented the Societies to conduct their own election.

NaPA held a meeting with RBI to ensure the stable condition of Co.op Banks

NaPA had meeting with Mrs. Devi Shri, Dy. General Manager (Supervision dept), RBI on 4th February, 2020 and discussed the current stability of Cooperative Banks in Mumbai. She informed that the Banks are in healthy state. However, their periodicals and reports of the Banks are updated regularly.

BMC to Issue Identity Cards to Licensed hawkers

BMC is in a process to issue embossed Identity cards to the eligible Hawkers in Mumbai. However, A ward will have 1170 new license holders over the existing 1602 licensed hawkers.

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NaPA felicitated the New Collector – Mr. Rajiv Nivatkar

NaPA had a meeting with the New Collector – Mr. Rajiv Nivatkar on 29th January, 2020 and felicitated him. He assured of supporting the Re-development of Nariman point project.

NaPA felicitated the New AMC, A ward Mrs. Chanda Jadhav

NaPA felicitated the New AMC, A ward Mrs. Chanda Jadhav on 9th January, 2020 and discussed about Hawking and Footpath development. The meeting was also coordinated by Mrs. Harshest Narwekar, Corporator.

Govt concession on the stamp duty to commence from April

The Government shall grant 1% concession on the stamp duty on registration of documents pertaining to sale and lease of immovable property, gift deeds etc, as decided during the State budget session, shall commence from 1st April, 2020.

It shall be applicable in Mumbai metropolitan Cities, Pune, Nagpur,Pimpri Chinchwad for 2 years.

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