Interpretations of Common Terms used in Housing Society Bye-laws Amendment 2014, Maharashtra (cont'd from previous post)

xi)

“Prescribed Form” means the form included in the Annexure II indicating the Bye-law No. under which it is prescribed and the Appendix at which it is enclosed;

xii)

“Promoter” means a person, who has signed the application for registration of the society;

xiii)

“Promoter Builder” means a person and includes a partnership firm or a body or association of person, [whether registered or not] who constructs or causes to be constructed a block or building of flats [or apartments] for the purpose of selling some or all of them to other persons, or to a company, co-operative society or other association of persons, and includes his assignees; and where person who builds and the person who sells are different persons, the term includes both;

xiv)

“Rules” means the Maharashtra Co-operative Societies Rules, 1961;

xv)

“Reserve Fund” means the fund constituted under the provisions of Section 66(1) of the Act and the Bye-law No.12(1);

to be cont’d..