Reserve bank of India

Why Unregistered Associations Are Able to Open Bank Accounts — and Why RBI or Government Authorities Are Not Acting?

By Vidyadhar M Durgekar

2 Comments on Why Unregistered Associations Are Able to Open Bank Accounts — and Why RBI or Government Authorities Are Not Acting?

4 Min Read

Unregistered apartment owners’ associations—particularly those formed without registration and without provision of law under the Karnataka Apartment Ownership Act (KAOA), have no juristic status, yet…