Service Charges of Metco

S.No.

Particulars

Existing Service Charges
(Excl. GST)

Revised Service Charges
w.e.f. 17.06.2024
(Excl. GST)

ALL CHARGES ARE IN ACTUAL RS. PLUS GST/OTHER TAXES, OUTSIDE PROFESSIONAL CHARGES & OUT OF POCKET EXPENSES

1

Initial charges for consultation & Drafting of Will
(In case Company is appointed as Executor or not)

1.1

For new customer (No existing account relationship with Bank of Maharashtra/METCO/MGB )

1.With executorship clause: 5000/-

2.Without executorship clause: 10000/-

8000/-

1.2

For existing customer of Bank of Maharashtra / METCO/ MGB

1.With executorship clause:5000/-

2.Without executorship clause:10000/-

7000/-

1.3

Employees / Ex-employees of Central Govt./ State Govt./ PSBs/ PSUs

1.With executorship clause:3750/-

2.Without executorship clause:7500/-

7000/-

1.4

For Employees / Ex-employees of BoM / METCO/ MGB

1.With executorship clause:2500/-

2.Without executorship clause:5000/-

3500/-

2

Initial charges for consultation & Drafting of Joint Will
(In case Company is appointed as Executor)

2.1

For new customer (No existing account relationship with Bank of Maharashtra/METCO/MGB )

1.With executorship clause: 5000/-

2.Without executorship clause: 10000/-

15000/-

2.2

For existing customer of Bank of Maharashtra / METCO/MGB

1.With executorship clause:5000/-

2.Without executorship clause:10000/-

12000/-

2.3

Employees / Ex-employees of Central Govt. / State Govt. / PSBs/PSUs

1.With executorship clause:3750/-

2.Without executorship clause:7500/-

12000/-

2.4

For Employees / Ex-employees of BoM / METCO/MGB

1.With executorship clause:2500/-

2.Without executorship clause:5000/-

6000/-

3

 Execution fees

3.1

Movable Property charges to be recovered on Proceeds amount

4.00%

(Minimum 25000/-)

4.25%

(Minimum30000/-)

3.2

Immovable Property

( To be charged on Market value )

3.2 a

If the Property is in Possession of legatees and need simple transfer deed / registration etc. (Excluding sale to third person )

3.2 a 1

Upto Rs.20 lacs

4.00%

4.25%

3.2 a 2

Value > Rs. 20 lacs and upto Rs. 100 lacs

2.00%

2.25%

3.2 a 3

Value > Rs. 100 lacs

1.50%

1.75%

3.2 b

Sale of the Property

3.2 b 1

Upto Rs.30 lacs

5.00%

5.25%

3.2 b 2

Value > Rs. 30 lacs and upto Rs. 100 lacs

3.00%

3.25%

3.2 b 3

Value > Rs. 100 lacs

2.00%

2.25%

4

Minimum Execution Charges

25000/-

30000/-

5

Annual safe custody charges for Will

5.1

For new customer (No existing account relationship with Bank of Maharashtra/METCO/MGB )

300/-

1000/-

5.2

For existing customer of Bank of Maharashtra / METCO/MGB

300/-

1000/-

5.3

Employees / Ex-employees of Central Govt. / State Govt. / PSBs / PSUs

25 % concession

1000/-

5.4

For Employees / Ex-employees of BoM / METCO /MGB

50% concession

500/-

5.5

Penalty for non-payment of annual Will custody charges

NIL

Rs. 100/- per annum for the default period.

6

Consultation charges for intending clients approaching METCO Units for WILL making

NIL

Rs. 500/- consultation charges

(Charges are to be adjusted against drafting charges if the Will gets finalized)

7

Will Translation Charges

NIL

Rs. 500/- per page

8

Will application form

NIL

Rs. 25/- per form

9

Each Supplement / Codicil

2000/-

2500/-

10

Probate Charges

15000/-

15000/-

11

Revocation / cancellation charges

2500/-

3000/-

S.No.

Particulars

Existing Service Charges
(Excl. GST)

Revised Service Charges
w.e.f. 17.06.2024
(Excl. GST)

ALL CHARGES ARE IN ACTUAL RS. PLUS GST/OTHER TAXES, OUTSIDE PROFESSIONAL CHARGES & OUT OF POCKET EXPENSES

1

Initial charges for consultation & Drafting of Deed

(In case Company is appointed as Trustee / Administrator or not)

1.1

For new customer (No existing account relationship with Bank of Maharashtra/METCO/MGB )

1.With trusteeship clause: 5000/-

2.Without trusteeship clause: 10000/-

8000/-

1.2

For existing customer of Bank of Maharashtra / METCO/MGB

1.With trusteeship clause:5000/-

2.Without trusteeship clause:10000/-

7000/-

1.3

Employees / Ex-employees of Central Govt. / State Govt. / PSBs/PSUs

1.With trusteeship clause:3750/-

2.Without trusteeship clause:7500/-

7000/-

1.4

For Employees / Ex-employees of BoM / METCO/MGB

1.With trusteeship clause:2500/-

2.Without trusteeship clause:5000/-

3500/-

2

Each Supplement Document / modification

1500/-

2500/-

3

Annual Management Charges

(Charged on the outstanding balance on quarter ending )

3.1

Total Trust Fund upto Rs. 5.00 lacs

1.50% of trust fund

1.75% of trust fund

3.2

Total Trust Fund more than Rs. 5.00 lacs to Rs. 50.00 lacs

1.25% of Trust fund

1.50% of Trust fund

3.3

Total Trust Fund more than Rs. 50.00 lacs

1.00% of trust fund

1.25% of trust fund

4

Minimum Annual Maintenance Charges

5000/-

6000/-

5

Revocation / cancellation charges

4000/-

5000/-

S.No.

Particulars

Existing Service Charges
(Excl. GST)

Revised Service Charges
w.e.f. 17.06.2024
(Excl. GST)

ALL CHARGES ARE IN ACTUAL RS. PLUS GST/OTHER TAXES, OUTSIDE PROFESSIONAL CHARGES & OUT OF POCKET EXPENSES

1

Initial charges for consultation & Drafting of Deed

(In case Company is appointed as Trustee / Administrator or not)

1.1

For new customer (No existing account relationship with Bank of Maharashtra/METCO/MGB )

1.With trusteeship clause: 10000/-

2.Without trusteeship clause: 20000/-

12000/-

1.2

For existing customer of Bank of Maharashtra / METCO/MGB

1.With trusteeship clause: 10000/-

2.Without trusteeship clause: 20000/-

11000/-

1.3

Employees / Ex-employees of Central Govt. / State Govt. / PSBs/PSUs

1.With trusteeship clause: 7500/-

2.Without trusteeship clause: 15000/-

11000/-

1.4

For Employees / Ex-employees of BoM / METCO/MGB

1.With trusteeship clause: 5000/-

2.Without trusteeship clause: 10000/-

5500/-

2

Each Supplement Document / modification

1500/-

2500/-

3

Annual Management Charges

(Charged on the outstanding balance on quarter ending )

3.1

Total Trust Fund less than Rs. 5.00 lacs

1.50% of Trust fund

1.75% of Trust fund

3.2

Total Trust Fund more than Rs. 5.00 lacs to Rs. 50.00 lacs

1.25% of Trust fund

1.50% of Trust fund

3.3

Total Trust Fund more than  Rs. 50.00 lacs

1.00% of trust fund

1.25% of trust fund

4

Minimum Annual Maintenance Charges

5000/-

6000/-

5

Revocation / cancellation charges

4000/-

5000/-

6

Registration charges

6.1

With Charity Commissioner

10000/-

15000/-

6.2

With Income tax 12(a) & 80 G

5000/-

5000/-

6.3

Renewal of 12 (a) & 80 G

5000/-

5000/-

6.4

Application under FERA

10000/-

10000/-

MANAGEMENT OF PROPERTY UNDER POWER OF ATTORNEY

S.No.

Particulars

Existing Service Charges
(Excl. GST)

Revised Service Charges
w.e.f. 17.06.2024
(Excl. GST)

ALL CHARGES ARE IN ACTUAL RS. PLUS GST/OTHER TAXES, OUTSIDE PROFESSIONAL CHARGES & OUT OF POCKET EXPENSES

1

Initial charges for consultation & Drafting of Deed

1.1

For new customer (No existing account relationship with Bank of Maharashtra/METCO/MGB )

5000/-

5000/-

1.2

For existing customer of Bank of Maharashtra / METCO/MGB

5000/-

5000/-

1.3

Employees / Ex-employees of Central Govt. / State Govt. / PSBs/PSUs

3750/-

3750/-

1.4

For Employees / Ex-employees of BoM / METCO/MGB

2500/-

2500/-

2

Annual Management Charges

2.1

Movables

2.1.a

Upto Rs. 5.00 lacs

1.00%

1.25%

2.1.b

Above Rs. 5.00 lacs

1.25%

1.50%

Minimum annual management charges

10000/-

12500/-

2.2

Annual Management Charges for Immovable

2.2.a

On Rental Income

10%

12%

2.2.b

Own occupied / Vacant

To be decided Mutually after taking into consideration the nature of work involved – subject to Min Rs. 5000/-

To be decided Mutually after taking into consideration the nature of work involved – subject to Min Rs. 5000/-

OTHER CHARGES / SERVICES

Particulars

Existing Service Charges
(Excl. GST)

Revised Service Charges
w.e.f. 17.06.2024
(Excl. GST)

ALL CHARGES ARE IN ACTUAL RS. PLUS GST/OTHER TAXES, OUTSIDE PROFESSIONAL CHARGES & OUT OF POCKET EXPENSES

1

Meeting Fees

1.1

In the Company office

500/-

500/-

1.2

At Outside office

750/-

750/-

1.3

After office hours

1000/-

1000/-

2

Consultation / visit of officials to residence of existing / intending clients

1000/-

1000/-

3

Special Messenger

100/-

100/-

4

Cancellation charges of PA, MWP etc.

1500/-

1500/-

NOTE: The Percentage of Charges quoted above for Annual Management Charges will be Annual. However, it will be levied per quarter proportionately.

CONCESSION IN SERVICE CHARGES

Particulars

Existing Service Charges
(Excl. GST)

Revised Service Charges
w.e.f. 17.06.2024
(Excl. GST)

Power to the CEO METCO for granting concession depending upon total business/ value to the company.

25%

25%