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msc rules
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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MISLEADING WHATSAPP POST ABOUT SOCIETY’S CONVEYANCE DEED CANCELLATION:- Dear Society Members, Now days, the Whatsapp post about the cancellation of society’s “Conveyance Deed” has been going viral speedily which is totally misleading & misguiding. And it’s really very painful to see that despite making the housing societies aware about their ownership/title of the land, someone...
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DEEMED CONVEYANCE PROCEDURE FOR CHS BECOMES EASY The Maharashtra government has relaxed the terms for the deemed conveyance (DC)-ownership right of plot certificate from the builder, by bringing down the number of documents required from 12 to 8 and stipulating that DC will be given even if the society does not have an Occupation Certificate...
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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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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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Documentation for Society Redevelopment In Maharashtra Redevelopment of societies in Maharashtra mandates the submission of specific documents to facilitate a smooth process. These documents are vital in upholding the legality and transparency of the redevelopment endeavour. The following are the essential documents typically needed: Certificate of Society Registration Development Agreement No Objection Certificate (NOC) Title...
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New rules for redevelopment of society Reduced Approval Threshold: Previously, a 75 per cent majority vote from society members was required to initiate redevelopment. The new rules have lowered this threshold to 51 per cent for specific categories like: MHADA (Maharashtra Housing Area Development Authority) colonies Cessed buildings (buildings constructed on government land with a...
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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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PROCEDURE FOR REGISTRATION OF CO-OP. SOCIETIES 1.The first Step is to get 10 Individuals together who are desirous of forming a Society. 2.A Provisional Committee should be formed and a chief Promoter should be elected from amongst them. 3.A Name for the Society has to be selected. 4.An Application has to be made to the...
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BUILDER IS NOT COOPERATING TO FORM CO-OPERATIVE HOUSING SOCIETY If builder/promoter procrastinate in registering the Co-operative Housing Society, then in that case, the application for registration of society be submitted in Form 6 (Rule 12) before the authorized officer (District Dy. Registrar in the respective district, who have given power under Section 10(1) of the...
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