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msc rules
29
Sep

COMPARISON BETWEEN A CONDOMINIUM AND A SOCIETY

September 29, 2025
COMPARISON BETWEEN A CONDOMINIUM AND A SOCIETY Though the condominium is more than a forty year old ownership concept for buildings in Mumbai, it is the cooperative society model which has been the most popular so far. However, in recent times, the concept of a condominium is slowly gaining momentum. Buyers who purchase premises on...
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29
Sep

CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER

September 29, 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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29
Sep

Need for Deemed Conveyance

September 29, 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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29
Sep

A COMPLETE GUIDE TO DEEMED CONVEYANCE

September 29, 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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29
Sep

SOCIETY REGISTRATION

September 29, 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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29
Sep

HANDOVER PROCESS WITH THE HELP OF BUILDER

September 29, 2025
HANDOVER PROCESS WITH THE HELP OF BUILDER The date of handover from builder to the registered owners association is an important day for new apartment owners and all residents. It has to be taken seriously and detailed due diligence must be done when interacting with the builders during this handover process. Once the formal handover...
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19
Sep

DOCUMENTS NEEDED FOR DEEMED CONVEYANCE

September 19, 2025
DOCUMENTS REQUIRED: Further, the application required to be made with the Registrar shall be accompanied by copies of certain 20 odd documents which the society shall have to prepare or get prepared. The papers required for doing Deemed Conveyance are as follows: o Application Form 7 to the District Deputy Registrar, Co-operative Societies, affixing a...
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19
Sep

Laws Applicable to Co-Operative Society

September 19, 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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19
Sep

BUILDER IS NOT COOPERATING TO FORM CO-OPERATIVE HOUSING SOCIETY

September 19, 2025
BUILDER IS NOT COOPERATING TO FORM 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...
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19
Sep

SOCIETY FORMATION AND HANDOVER PROCESS BY BUILDER

September 19, 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 such member’s flats...
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