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January 28, 2025
28
Jan

ADVOCATES FOR REGISTRATION OF HOUSING SOCIETY

January 28, 2025
ADVOCATES FOR REGISTRATION OF HOUSING SOCIETY: A co-operative society is the perfect fit for a residential building as flat-owners have common needs (water connection, watchmen, etc) and interests (maintenance of common areas, such as the terrace and compound). If you’ve purchased a flat in a new building, it would probably be best if you took...
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28
Jan

LAWYERS FOR FORMATION OF A NEW HOUSING SOCIETY

January 28, 2025
LAWYERS FOR FORMATION OF A NEW HOUSING SOCIETY   First general body meeting (before registration) In this meeting under Society’s Model Bye-law 3(iii), the Chief Promoter (could be the builder) is primarily selected by the promoters, who are members co-signing the registration application before the Registering Authority, under Bye-law 3(xii). In this meeting, necessary resolutions...
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28
Jan

CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER

January 28, 2025
CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER During the handover procedure it is important to record and file all details related to the process so that even if problems arise years later, all you need to do is look through this set of records and, accordingly, figure out what to do next. The builder-residents society...
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28
Jan

Laws Applicable to Co-Operative Society

January 28, 2025
Laws Applicable to Co-Operative Society The Cooperative Societies Act, 1912 expanded the sphere of cooperation between its members and provided for supervision by central organization. A cooperative society, which has its object the promotion of the economic interests of its members in accordance with the co-operative principles, may be registered with limited or unlimited liability...
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28
Jan

Top-Rated Chinese AI App DeepSeek Limits Registrations Amid Cyberattacks

January 28, 2025
DeepSeek, the Chinese AI startup that has captured much of the artificial intelligence (AI) buzz in recent days, said it’s restricting registrations on the service, citing malicious attacks. “Due to large-scale malicious attacks on DeepSeek’s services, we are temporarily limiting registrations to ensure continued service,” the company said in an incident report page. “Existing users...
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28
Jan

Advocate for Agreement of Sale

January 28, 2025
              Advocate for Agreement of Sale The agreement of sale shows the willingness of the parties to buy/sell the property in future upon the satisfaction of certain terms and conditions. However, since it does not involve an immediate transfer of ownership, the buyer has no right and interest in the property in question until the...
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28
Jan

SOCIETY REGISTRATION

January 28, 2025
SOCIETY REGISTRATION First general body meeting (before registration) In this meeting under Society’s Model Bye-law 3(iii), the Chief Promoter (could be the builder) is primarily selected by the promoters, who are members co-signing the registration application before the Registering Authority, under Bye-law 3(xii). In this meeting, necessary resolutions are passed like opening the account in...
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28
Jan

CONVEYANCE DEED

January 28, 2025
CONVEYANCE DEED In case of housing societies the builder/promoters have to ideally create deed of conveyance and hand over it to housing societies that to within 4 months after project completion. However, due to lack of knowledge many builders do not create such documents. There have been cases where builders have later on denied to...
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28
Jan

SOCIETY FORMATION AND HANDOVER PROCESS BY BUILDER

January 28, 2025
SOCIETY FORMATION AND HANDOVER PROCESS BY BUILDER         The Registration process and requirements are governed by Maharashtra State Co-operative Society Act 1960.         To Register Co-op. Housing Society, Minimum 10 member are required.         Less than 10 members Societies are also Registered as per M. S. Govt. Ordinance No. 1094 and 277/14 Dated 10/03/1995. But...
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28
Jan

DIFFERENCE BETWEEN CONVEYANCE AND DEEMED CONVEYANCE

January 28, 2025
DIFFERENCE BETWEEN CONVEYANCE AND DEEMED CONVEYANCE Conveyance – A generic term for any written document which transfers (conveys) real estate property or real property interests from one party to another. So by the above definition its very clear that if someone willingly transfers their legal right of the property to another party they would need...
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