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msc rules
16
Apr

SOCIETY REGISTRATION

April 16, 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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16
Apr

CONVEYANCE DEED

April 16, 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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16
Apr

CONVEYANCE SERVICES FOR SOCIETIES:-

April 16, 2025
CONVEYANCE SERVICES FOR SOCIETIES:- In most of the cases people believe that a Purchase Agreement is the final document they need to own. However, a mere purchase agreement does not pass on the developer’s rights on the land to the society. Societies need to make sure they have the complete right to the land, and...
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16
Apr

PROVISIONS FOR DEEMED CONVEYANCE UNDER MOFA

April 16, 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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16
Apr

What is Conveyance Deed?

April 16, 2025
What is Conveyance Deed? A generic term for any written document which transfers/conveys real estate property or real property interests from one party to another. If someone willingly transfers their legal rights, title, interest and ownership of the property to another party they would need to create a document which transfers this right. Such a...
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16
Apr

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

April 16, 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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16
Apr

What is Conveyance Deed?

April 16, 2025
What is Conveyance Deed? A generic term for any written document which transfers/conveys real estate property or real property interests from one party to another. If someone willingly transfers their legal rights, title, interest and ownership of the property to another party they would need to create a document which transfers this right. Such a...
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16
Apr

Need for Deemed Conveyance

April 16, 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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16
Apr

DEEMED CONVEYANCE PROCEDURE HAS BECOME EASY

April 16, 2025
DEEMED CONVEYANCE PROCEDURE HAS BECOME 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 (OC)...
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16
Apr

What is 7/12 Extract?

April 16, 2025
                               What is 7/12 Extract? The 7/12 Extract Document is an extract from the land records register of any district, maintained by the revenue department of the state government of Maharashtra. It is traditionally called ‘Saath Baara Utara’ in Maharashtra. . How to get 7/12 extract? In order to obtain the 7/ 12 extract, you need...
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