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Showing posts from July, 2010

LEAVE AND LICENSE AGREEMENT

If and when our building goes for re-development, we will have to look for a rented apartment for years.....for which there has to be an agreement between lisensor and licensee. It is important to know certain details. The Licensor agreed to give the said flat on Leave and license to the Licensee for the use and occupation of the said Licensee on the terms and condition as detailed hereunder. An Agreement made at Mumbai

Meeting on 23rd July 2010

Today the meeting was called at 7’30 in the evening and more than 15 members attended the meeting. The main points that were discussed during this meeting was that the managing committee has decided to follow the rules and regulations and will follow to the point as stated in Section 79(A) MCS ACT 1960 so that if there is any litigation problem in future it can be tackled as per law. They have promised us transparency in every matter and have promised to work for the better of the society so that everybody is treated equal. The most important factor to look into right now is to appoint a project management consultant. They have taken the quotation of five architects and are open to suggestions from society members if they wish to recommend any other than the ones that have been narrowed down to five. They plan to appoint an advocate whom the society will pay from society fund who will guide each member during the re-development process. As per law, they made it very clear that o

79(A) of the MCS Act 1960

Gist of circular dated 03-01-2009 issued by the chief secretary, co-operative and marketing as per section 79(A) of the MCS Act 1960 Note 1: As per section 79 (A) the state government can issue directions and societies are bound to comply with such directions. As per section 79 (A)(3) the registrar can take the action against those persons who are responsible to comply with the directions have failed to do so without any good reason or justification and such actions can be by removal of such person (if he is a committee member) from the committee and appoint any other member as committee member in the place and such disqualified member will be disqualifies for 6 years. Note 2: Some of the wordings are taken verbatim from the English translation of the circular.   At least 1/4th of the members should make a formal request/suggestion for redevelopment.

The Re-Development Agreement

Before the ball starts rolling the members of the society will be asked to sign an agreement. The agreement should include, besides other suggestions of the architect, the following: The project should be completed within two years and under exceptional circumstances not exceeding three years The developer to give a Bank Guarantee of 20% of the cost of the development project

Next meeting on 23rd July

Early morning I received the circular from society announcing the meeting on Friday 23rd to discuss the redevelopment program. The managing committee has been meeting the builder, discussing the plan, trying to get the best deal for the members. They are thinking of appointing an advocate who will guide every member to safeguard their interest. Every word in the document has a hidden meaning which cannot be seen by unsuspecting member, with advocate’s help we will know the right laws before signing on a dotted line. Then society will also appoint a structural engineer who will supervise over the construction and make sure that the promised faculties are delivered so that there is no compromise on the quality of the building. We have selected Satguru who assured us quality or else there were many builders with better offers, so naturally we would want the best and with our own structural engineer and advocate, we safeguard that interest. There is money in the society which will be us

Annual General Body Meeting-July 2010

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Today we had general body meeting which was attended by sixteen members only. Its funny how members fail to show up for meetings, I have noticed that generally people attend society meeting only if they have a problem which they need to address, otherwise they are happy to ask their neighbors for updates. I don't like to miss the society meetings unless I am travelling, for me it is a social responsibility. Being a member of a society, we have right to information, and right to express our opinion such that the living in the society becomes a pleasant experience. Plus it gives us chance to get to know the members and drop off the veil of alien-like feelings. Anyways, the meeting started twenty minutes late, (waiting for late comers) and all the points on the agenda were discussed one by one.  The nomination forms were available in the society office, few days prior to the meeting, whereby any member desiring to be the part of the committee could send in their application and be