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msc rules
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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19
Apr

ADVOCATES FOR REGISTRATION OF HOUSING SOCIETY:

April 19, 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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19
Apr

PROCEDURE FOR REGISTRATION OF CO-OP. SOCIETIES

April 19, 2025
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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18
Apr

SOCIETY REGISTRATION

April 18, 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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18
Apr

CONVEYANCE DEED

April 18, 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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18
Apr

SOCIETY FORMATION

April 18, 2025
SOCIETY FORMATION  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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16
Apr

Registration of Deemed Conveyance

April 16, 2025
Registration of Deemed Conveyance On receipt of the Deemed Conveyance Order, the Deemed Conveyance Deed between the Competent Authority & the Society is prepared. The Competent Authority appears in the Deed on behalf of the defaulting Land Owners & Property Developers. The Deemed Conveyance Deed is submitted to the Office of Competent Authority for Approval...
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16
Apr

BUILDER IS NOT COOPERATING TO FORM CO-OPERATIVE HOUSING SOCIETY

April 16, 2025
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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