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msc rules
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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28
Jan

Essential Elements in a Conveyance Deed

January 28, 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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28
Jan

ADVOCATES FOR REGISTRATION OF HOUSING SOCIETY

January 28, 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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28
Jan

Laws Applicable to Co-Operative Society

January 28, 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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28
Jan

CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER

January 28, 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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28
Jan

LAWYERS FOR FORMATION OF A NEW HOUSING SOCIETY

January 28, 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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28
Jan

SOCIETY FORMATION AND HANDOVER PROCESS BY BUILDER

January 28, 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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28
Jan

CONVEYANCE DEED

January 28, 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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