Thursday, January 4, 2018

Interpretations of Common Terms used in Housing Society Bye-laws Amendment 2014, Maharashtra

Unless otherwise separately provided in these Bye-laws(Bye-law 2014), the following words and terms shall have meaning assigned to them herein:
i)
Act” means the Maharashtra Co-operative Societies Act, 1960 (MCS Act);

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

iii)
Chief Promoter” means the promoter who is elected by the Promoters, in their first meeting, or in their subsequent meetings & in case the post of the Chief Promoter lies vacant, till the first General Meeting;

iv)
Commitee” means the committee of management or board of directors or the governing body or other directing body of a co-operative 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;

v)
“……Days Clear Notice” means the number of calendar days intervening between the day of posting the notice and the day of the meeting;

vi)
Flat” means a separate and self-contained set of premises used or intended to be used for residence, or office, or show-room or shop, or godown and includes a garage, or dispensary, or consulting room, or clinic, or flour mills or coaching classes, or painaghar or beauty parlour, the premises forming part of a building and includes an apartment;

vii)
Housing Society Federation” means the Federation of Co-operative Housing Societies registered and notified under the Act;

viii)
Ownership Flat Act” means the Maharashtra Ownership Flats(Regulation of the Promotion of construction, Sale Management and Transfer) Act, 1963;

ix)
Paper” means all or any of the items mentioned in the Bye-laws Nos. 141 and 142.

x)
Parking Space” means open space within the premises of the Society earmarked by it for parking of vehicles and includes the stilt, basement, podium, mechanized parking;
(a)“Parking Slot” means demarcated and numbered individual parking slot for single vehicle (for four wheeler LMV or two wheeler) within the Parking Spaces available in the society.

to be cont'd.....