Administration of the Housing Society

Hi Friends,

    Today we will discuss about administration of the Housing Society. When Society register and get registration certificate of registrar, within 30 days promoters should conduct 1st General meeting and appoint "Provisional Committee" validity this committee maximum 1 year only. 6 month before of completion of committee term should inform to the AR/DDR with prescribed form like E1/E2/E3. Regular committee term is a Max 5 year which is elected after completion of Provisional Committee Term.

    If there is irregularity in election/ administration then AR/DDR may appoint Administrator to administrate the Housing society work.    

"Act' means the Maharashtra Co-operative Societies Act; (MCS Act) 1960.

“Bye-laws” means by-laws consistent with Act and registered under this Act for the time being in force and includes registered amendments of such bye-laws

"Committee" means the Committee of management or board of directors or the governing body or other directing body of a cooperative Housing Society, by whatever name called, to which the management of the affairs of a Society is entrusted and vested under section 73 of the Act.

Monhly one meeting should be conducted by committee and also have obligation that run/ operate society as per Bye Law and MCS Act 1960. 

Thanks & regards

Sachin Jagtap

 

Documents Should be check at the time of Purchase of Flat/Shop

Hi Friends,

    Today we will discuss about Documents should be check at the time of Purchase of Flat/Shop. 

    We have to aknow about Process of Construction of any Building by Builder Promoters. Before starting of construction Builder Promoters should have to complete legal documentation to get Commencement cerrtificate ( certificate that Builder promoters allow to start construction) from respective government authority like Munciple Corporation, Tahasil/Collector or Regional Authority which is regulated in respective area. Generally following types of documentation should be comply by builder and same documents should be check by any Buyer:

1) N.A. / ULC Order: ( If Land in Agricularal Zone builder should take order from Tahshil/Collector office Non Agricultural Order i.e. N.A. Order)

2) Location Map/ Lay out Plan: Builder promoter should have location map/ lay out plan as pe r Govet. rule.) 

3) Blue Print of Building: Bule Print of Building should be prepared from Authorised Archiecture. 

4) Title Clearnace certificate: It means Land free / marketable.

5) Sale Deed of Land: If Land is in the name of Builder Promoters then Sale deed of that land should be required.

6) Sear Report: Advocate search report last 60/70 years 

7) FSI Utilisation: Floor Space Index, its contain allowable FSI allowable, Consummed FSI and Balance FSI and where and how much FSI consummed.  

9) Development Agrrement: Most of the cases land belongs to other person and other entity construct Building on that land that time Land owner and Builder promoter get register Development agreement for the same.

10) Power of attorny: When Development agrrement executed Builder promoter also get power of attorny to develop, sale and transfer of Flat/ shop etc.

11) 7/12 Extract: To know legal ownershp of land 7/12 extract should be required.

12) Electricity wiring, Drainage, STP lay out, Fire system etc  

   

    These are the documents on which Builder promoters can get Commencemnt Certificate. I hope that this information will be use ful for all the Buyers.

Thanks & Regards

Sachin Jagtap

Housing Society Guidance

Hi Friends,

    This is Sachin Jagtap( M.com, GDCA, CHM), I am Practicing in Housing Society Professional works Like Bye Law Consultation, Direct & Indirect Tax, Accounts, Society Incorporation, Conveyance Deed, Election process of the Committee.  

    I will try to give you best solution to run Housing Society and solve day to day problems face by committee members, Society Members. 

    I hope that this information will be very useful to all of you like and also you like the same.

Thanks & Regards

Sachin Jagtap