Sayandip Chattopadhyay (4 Points)
14 November 2024Dear All,
I want to get a pan card for a building association, for that I have submitted application to concern department using AOP (Association of Persons) option alongwith Notarized copy of Memorandum of Association, but as per Pan card authority they want other documents as proof of identity ofthe association such as Registration Certificate or Agreement.
Could anyone suggest the agreement format required for the same?
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8423 Points)
Replied 14 November 2024
1. Name and Address of the Association
2. Objectives (e.g., maintenance, management, and welfare of the building)
3. Membership Details (list of members with names, addresses, and PAN numbers)
4. Governing Body (names and details of the governing body members)
5. Meetings and Decision-making (frequency, procedure, quorum, and voting procedures)
6. Financial Matters (bank accounts, financial transactions, auditing, and accounting procedures)
7. Amendments and Dissolution (procedure for amending the agreement and dissolution clause)
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8423 Points)
Replied 14 November 2024
1. Name and Address of the Association
2. Objectives (e.g., maintenance, management, and welfare of the building)
3. Membership Details (list of members with names, addresses, and PAN numbers)
4. Governing Body (names and details of the governing body members)
5. Meetings and Decision-making (frequency, procedure, quorum, and voting procedures)
6. Financial Matters (bank accounts, financial transactions, auditing, and accounting procedures)
7. Amendments and Dissolution (procedure for amending the agreement and dissolution clause)
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8423 Points)
Replied 14 November 2024
1. Name and Address of the Association
2. Objectives (e.g., maintenance, management, and welfare of the building)
3. Membership Details (list of members with names, addresses, and PAN numbers)
4. Governing Body (names and details of the governing body members)
5. Meetings and Decision-making (frequency, procedure, quorum, and voting procedures)
6. Financial Matters (bank accounts, financial transactions, auditing, and accounting procedures)
7. Amendments and Dissolution (procedure for amending the agreement and dissolution clause)
Sayandip Chattopadhyay
(4 Points)
Replied 14 November 2024
Sir, It would be helpful if you could share any sample format.
Thank you.
Mitali
(Finance Professional)
(17656 Points)
Replied 19 November 2024
Agreement of Association
This Agreement is made and entered into on this ___ day of _______, 20 by and between the following members:
Member Name 1, residing at_____________________________ (Name, Address)
Member Name 2, residing at_____________________________ (Name, Address)
Member Name 3, residing at_____________________________ (Name, Address)
WHEREAS, the above-mentioned members have agreed to form an association known as:
[Building Association Name]
Purpose of the Association
The Association is established for the purpose of managing and maintaining the common facilities and responsibilities of the building known as ____________________ (Building Name/Address).
Responsibilities
The association shall be responsible for:
Financial Management
The association will maintain a separate bank account in its name, and all financial transactions will be duly recorded and audited.
Duration
This agreement will remain valid until terminated by mutual consent of the members.
Authorization
This Agreement shall serve as proof of identity for the Association for official purposes, including but not limited to the application of a Permanent Account Number (PAN).
Signatures
We, the undersigned, confirm our agreement to the terms outlined above.
(Name & Signature of Member 1)
(Name & Signature of Member 2)
(Name & Signature of Member 3)
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