Several housing societies in Mumbai are on the verge of undergoing redevelopment or they are in the final stages of confirming the same. Acquisition of conveyance or deemed conveyance is critical to get to the redevelopment stage. Click here to read what the housing society bye – laws state about that. Undergoing redevelopment is a big step for any housing society and for the same one has to accumulate several documents whose digital copies would be available on your apartment management software like ADDA.
Every managing committee member has immense responsibility when it comes to a decision as critical as redevelopment and would want to be well aware about what the society bye-laws state about the same. Here is what the model Society Bye – Laws state about that:
Society Bye – Law No. 174
- Redevelopments of the Property / Building of the Society including vacant spaces shall be done strictly in accordance and confirmation with the Directions issued by the Government of Maharashtra vide Government Resolution no. CHS 2007/M.No. 554/14-S dated 03 January 2009, under section 79{A} of the Maharashtra Cooperative Societies Act 1960 (as amended from time to time).
- If the development Agreement is not executed with the developer in that case, the Society after cancelling the same resolution, the Society may appoint a new developer from the short list of approved developer, and if it is not possible, fresh procedure can be initiated. The Representative of the Registrar must be invited for the aforesaid General Body Meeting and his attendance is compulsory.
- In case of increase of membership on account of redevelopment the Society shall increase the Authorised Share Capital and amend the bye laws accordingly and the list of new members be submitted to the Registrar for appropriate approvals.
DISCLAIMER: This document is being furnished for your information and reference. It is part of an initiative by ADDA to provide in a consolidated way all the Apartment Owners Acts and Societies Acts of major cities in India, so it helps the Apartment Residents for reference. The content has been received from sources we believe to be reliable, and the content have not been independently verified by us, hence we make no warranty about the accuracy or completeness of these documents. Also ADDA does not assume any liability for any damage caused due to action taken or not taken on basis of these documents.
