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Procedure to Recover Maintenance Dues from Defaulters of Cooperative Housing Society In current situation running a society smoothly depends on how much cash reserves the society has in its bank. Few societies doesn’t feel that much heat as members are cooperative and paying maintenance bills on time, check .Regular payment from members makes easier to...
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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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Advocate for property transfer  DUE DILIGENCE TO BE DONE WHILE PURCHASING A  PROPERTY First comes in the checklist is the Zone.Check it whether the property comes into the “R” OR “NON-AGRICULTURE” zone because if the the property is in non residential or non agriculture zone like green zone etc.you may not get approvals from authorities...
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 Advocate for Agreement and Sale Deed Want to purchase a Flat? If Yes, Please Be Careful so you may not fall prey to  the frivilious offers by decietfull builders and developers. While purchasing the Flat Property you should take the following care/ due diligence. Prefer a ready to move property rather an under construction property.If...
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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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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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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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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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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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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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