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msc rules
05
Feb

SOCIETY FORMATION AND HANDOVER PROCESS BY BUILDER

February 5, 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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04
Feb

Need for Deemed Conveyance

February 4, 2025
Need for Deemed Conveyance A Co-Operative Housing Society is the owner of the Land & Building & individual member enjoys the ownership right of the Flat/ Shop based on the Share Certificate issued by the Co- Operative Housing Society. A vast majority of Co- Operative Housing Societies does not have the Conveyance in their favour&...
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04
Feb

Documentation for Deemed Conveyance

February 4, 2025
Documentation for Deemed Conveyance Documentation is a very important & crucial stage in the Procedure for Deemed Conveyance. It requires absolute focus & meticulous handling to ensure that all the required documents are obtained & organized in an appropriate manner. The Land Revenue Records of recent origin are obtained by making applications to the respective...
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04
Feb

Essential Elements in a Conveyance Deed

February 4, 2025
Essential Elements in a Conveyance Deed The term “Deed” means a written legal contract that binds the parties to its terms and can be proved in the court as evidence. The term ‘Conveyance’ is used when there is transfer of ownership or legal title in a property from one person to another. Hence, a conveyance...
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03
Feb

A COMPLETE GUIDE TO DEEMED CONVEYANCE

February 3, 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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03
Feb

SOCIETY REGISTRATION

February 3, 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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30
Jan

Laws Applicable to Co-Operative Society

January 30, 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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30
Jan

BUILDER-NOT COOPERATING TO FORM A CO-OPERATIVE HOUSING SOCIETY

January 30, 2025
BUILDER-NON COOPERATION 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 Maharashtra Ownership Flats Act...
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30
Jan

REGISTRATION OF CO-OPERATIVE HOUSING SOCIETIES IN PUNE

January 30, 2025
REGISTRATION OF CO-OPERATIVE HOUSING SOCIETIES IN PUNE According to the Law, every Builder / Developer has to form a Housing Co-operative Society with limited options available in this regard to managing the affairs of the building i.e. (a) Condominium (b) Private Limited Company and (c) Co-operative Society, (excluding the unrealistic rental housing), It wouldn’t be...
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30
Jan

DEEMED CONVEYANCE PROCEDURE FOR CHS BECOMES EASY

January 30, 2025
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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