TRANSACTIONS

PROPERTY PURCHASE

Instructions to members of public about CO. OP. HSG. Societies and how to prevent cheating at the time of purchasing flats.
1. VERIFICATION OF OWNERSHIP OF LAND.
Ensure from the City Survey office that the developer has been granted the N.O.C. and the land is Non-Agricultural (N.A.)

Types of land                                           Where to verify from
AMC Land                                                   The concerned office
Govt. land                                                     Verification from the Collector’s office
MHADA land                                                Verification from MHADA

For clear title, 7/12 (Sat Bara) Extract to be verified from the "Talathi" OR "Tahasildar" office.

For Land in Dispute or in legal litigation - approach "Bailiff" or "Arbitrator" from High Court.

2. N.O.C.’s OF VARIOUS AUTHORITIES
MSEDCL  - For electricity supply.
MC            - For drainage, water supply, commencement certificate

3. TO CHECK THE LEGALITY OF THE CONSTRUCTION
A) Checking of Commencement Certificate or Intimation of Disapproval by the Municipal authorities.
B) Contact the Builder / Developer for
1. Plans submitted by the architect
2. Notice in Newspaper for clearance of title of the land
3. Certificate from solicitor
4. Confirm whether Residential or Commercial
5. F.S.I. permitted, and utilized by the builder
6. Percentage of reservation made for Government flats or any special category
7. Whether covered under Urban Land Ceiling Reservation

4. ENTERING INTO AGREEMENT
1. The agreement for sale should be properly signed by the concerned parties
2. The agreement must be attested by two witnesses
3. Only the agreement registered with the Collector will be treated as the "legal document"
4. Stamp Duty should be paid only at the Collector’s Office at the time of registration of the agreement

5. MODE OF PAYMENT
1. Cheque is the safest way of payment.
2. If paid by cash, insist on receipt.
3. Repayment of loans obtained from the Financial Institutions should be made only
to the concerned Institution and not to the builder or developer.


Every year, more than 30,000 vehicles are stolen in India out of these, only about half are traced, often in un-roadworthy conditions, with many components missing. These vehicles are stolen only because thieves are provided with the opportunity to steal them. Very often, cars are left improperly secured and unattended. It is only with the installation of anti - theft devices that a thief's attempts can be frustrated. Parking in a secure parking facility (garage, petrol pump, etc.) at night also safe-guards against theft. If such parking facilities are not available, parking in a well-lit area is the next best alternative. It is advisable to get the number of your car etched on your windscreens and window glasses. It helps the authorities to trace your car if stolen.

Simple do's and don'ts:
WHAT YOU SHOULD DO...
- Use securing devices like steering lock, clutch lock, brake lock, etc.
- Double-check all doors, including the boot
- If possible, install loud alarm systems in your car, so that thieves can be discouraged even if they manage to break into your car
- Try and use detachable music systems and take them with you whenever you park the car for a long time, so that there is no
   temptation for thieves to make a quick steal when they see expensive items in parked cars
- Paint your car number on the front and rear end of the body, apart from the number plates. Ideally, have it etched on the windscreens and window glasses too. This prevents them from being misused by criminals using fake number plates.

WHAT YOU SHOULD NOT DO...
- Never leave the vehicle door unlocked, nor the windows partially open. Make sure that the quarter glasses are properly secured
- Do not leave valuables inside the car, even if it is locked, as this will attract thieves.
- Do not overdo extra fittings, as these tempt prospective thieves.
- Never leave the key dangling in the ignition.

IN CASE YOUR CAR IS STOLEN...
- Report the theft to the nearest police station
- Inform your insurance company
 
BANKING PRECAUTIONS
1. Never introduce an unknown person for the purpose of opening an account in your Bank
2. Never encash cheques / drafts of an unknown person through your account
3. Do not keep your account in-operative for a long time.
4. To avoid theft in postal transit or courier services and subsequent cheating, keep a track on the cheques / drafts / pay orders sent through post and courier services.
5. As far as possible, bank transactions should be handled personally.
6. Take care of your cheque books. Do not keep signed cheques in the drawer or any place where outsiders have an easy access.
7. All bank transactions should be counter checked to ensure that deposited cheques have been realized.
8. Monthly statements of your bank account should be invariably checked.
9. At the time of withdrawal of cash, the account holder must physically check the cash. Never hand over the cash to a third person for counting.

TO AVOID BOUNCING OF CHEQUES
1. Insist for D.D. or Pay Orders if you are dealing with an unknown party
2. Postdated cheques should be avoided
3. If a cheque bounces, you should give a notice to the person within 15 days of such intimation. If you do not receive a reply, file a complaint in the court under section 138 of the Negotiable Instruments Act, 1981, where effective
remedies are available to the public. All cases of bounced cheques may not be offences of cheating under the Indian Penal Code
 
DOUBLE YOUR MONEY SCHEMES

WHAT THEY SAY
Double your money in two months or less Post dated cheques as a guarantee for the same claim they do it by investing in some wonder projects or plantations Huge sums of money by being a part of the gift chain i.e. you gift a certain amount of money to two people, then find two people who will enter the chain by gifting you the sum. They in turn will get two more subscribers, and so on as the scheme is run by a registered company, it is absolutely safe.

REALITY
All schemes offering high returns of double money within two months or such short spans have no legal sanction, nor they are reliable Postdated cheques is not a guaranteed payment device, as they could bounce when you finally present them there are no projects, especially agriculture based, which can give returns in less than a year. In fact, tree plantations take at least 10 years to mature Gift schemes and chains are an offence under the Prize Chits and Money Circulation Schemes (Banning) Act of 1978 even registered companies are not allowed to promote and run any such schemes
 
1. Do not believe on messages like double the money within few days.
2. Do not believe or better always try to confirm about message received like - Mobile number has been selected in lucky draw.
3. Always purchase mobile from a reputed Shoppe and ask for Bill, also check the IMEI number of the mobile.
4. Do not buy or accept mobile from any unknown person.
5. Always try to contact service provider for blocking the SIM, if in case of mobile loss/stolen.

Beware of online fraud :
1. Don’t use common (General) terminal.
2. Don’t open online banking site through link.
3. Self type web Address on address bar.
4. Confirm “http:\” is instead before web address.
5. Confirm lock sign instead on right side bottom page.
6. When work is over then logoff computer and close browser windows.
7. Use hard password regularly and take care about password.
8. Don’t send our password and account information through internet, email or telephone.