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msc rules
17
Jan

What is Deemed Conveyance?

January 17, 2025
What is Deemed Conveyance? The Promoter (Builder/ Developer) is legally required to convey the land and the building within 4 months of formation to the society or any legal body of the flat purchasers. However, it has been the experience that many promoters (Builders/Developers) have not conveyed the land and building to the legal bodies....
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17
Jan

SOCIETY FORMATION AND HANDOVER PROCESS BY BUILDER

January 17, 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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17
Jan

COMPARISON BETWEEN CO-OPERATIVE HOUSING SOCIETY AND CONDOMINIUM

January 17, 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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09
Jan

Process of Co-operative Housing Society Registration

January 9, 2025
Process of Co-operative Housing Society Registration 60 % of the Promoters are must be ready to form Co-op. Housing Society. · If flats are sold as per the Maharashtra Ownership Flats Act,1963 [MOFA] then it is the duty of the Builder / Developer to form society and hand over the Account + Documents to Provisional...
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09
Jan

How to register the society and which documents required for it?

January 9, 2025
How to register the society and which documents required for it? Ans: It is obligatory to apply for co-operative society or Association of Apartment within four months from the taking possession of galas/flats/shops/units by holders, necessary for forming the co-operative society or Association of Apartment according to provisions mentioned under section 10 of the Maharashtra Ownership...
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09
Jan

Laws Applicable to Co-Operative Society

January 9, 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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09
Jan

PROCEDURE FOR REGISTRATION OF CO-OP. SOCIETIES

January 9, 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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09
Jan

Conveyance Deed – A Binding Contract

January 9, 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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09
Jan

A COMPLETE GUIDE TO DEEMED CONVEYANCE

January 9, 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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07
Jan

LAWYERS FOR FORMATION OF A NEW HOUSING SOCIETY

January 7, 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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