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msc rules
24
Apr

A COMPLETE GUIDE TO DEEMED CONVEYANCE

April 24, 2025
A COMPLETE GUIDE TO DEEMED CONVEYANCE Most of the flat-owners of the newly constructed Societies/apartments do not have their sale deeds or conveyance deeds. Mostly in the newly constructed buildings, the builders provide for forming a housing co-operative society to which they shall transfer their interest in the property. Then the builders form the society...
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24
Apr

Amalgamation of Housing Societies

April 24, 2025
Amalgamation of Housing Societies Some housing societies who may be struggling with efficiency in management or financial losses may choose to amalgamate with another society, divide into smaller segments or transfer its shares and liabilities to another society. Such decisions are taken strategically to benefit the original society as well as the society it wishes...
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22
Apr

SOCIETY REGISTRATION

April 22, 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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22
Apr

A COMPLETE GUIDE TO DEEMED CONVEYANCE

April 22, 2025
A COMPLETE GUIDE TO DEEMED CONVEYANCE Most of the flat-owners of the newly constructed Societies/apartments do not have their sale deeds or conveyance deeds. Mostly in the newly constructed buildings, the builders provide for forming a housing co-operative society to which they shall transfer their interest in the property. Then the builders form the society...
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22
Apr

CONVEYANCE SERVICES FOR SOCIETIES

April 22, 2025
CONVEYANCE SERVICES FOR SOCIETIES:- In most of the cases people believe that a Purchase Agreement is the final document they need to own. However, a mere purchase agreement does not pass on the developer’s rights on the land to the society. Societies need to make sure they have the complete right to the land, and...
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19
Apr

COMPARISON BETWEEN CO-OPERATIVE HOUSING SOCIETY AND CONDOMINIUM

April 19, 2025
COMPARISON BETWEEN CO-OPERATIVE HOUSING SOCIETY AND CONDOMINIUM Act – Co-operative Society, which is regulated by the Maharashtra Co-operative Societies Act, 1960. Act – An alternative to a Co-operative Housing Society was introduced by the Maharashtra Apartment Ownership Act, 1970. Condominium is a Building or Complex of Buildings containing a number of individually owned Apartments or houses. Ownership...
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19
Apr

Laws Applicable to Co-Operative Society

April 19, 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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19
Apr

DIFFERENCE BETWEEN CONVEYANCE AND DEEMED CONVEYANCE

April 19, 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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19
Apr

WHY CONVEYANCE DEED IS AN IMPORTANT DOCUMENT?

April 19, 2025
WHY CONVEYANCE DEED IS AN IMPORTANT DOCUMENT? A deed is a written document or an instrument that is sealed, signed and delivered by all parties to the contract (buyer and seller). It is a contractual document that includes legally valid terms, and is enforceable in a court of law.  It is mandatory that a deed should...
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19
Apr

CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER

April 19, 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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