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msc rules
05
Feb

PROCEDURE OF DEEMED CONVEYANCE:-

February 5, 2025
PROCEDURE OF DEEMED CONVEYANCE:- Stage 1- Preparation for Deemed Conveyance During this stage the Managing Committee prepares the Members of the Co- Operative Housing Society for Deemed Conveyance by approving resolution in the GBM if Builder/Promoter fails to convey the land and building within prescribed period. Stage 2- Documentation for Deemed Conveyance During this stage,...
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05
Feb

PROVISIONS FOR DEEMED CONVEYANCE UNDER MOFA

February 5, 2025
PROVISIONS FOR DEEMED CONVEYANCE UNDER MOFA Amendments in Maharashtra Ownership Flats (Regulation of the promotion of construction, sale, management and transfer) Act, 2005 giving a huge relief to hundreds and thousands of flats purchasers in Maharashtra. Conveyance to the societies was a burning issues which have integrated many problems like property tax, housing finance documentations...
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05
Feb

What is Deemed Conveyance?

February 5, 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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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

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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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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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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