Untitled Document
 
     
   
 
Untitled Document
GUIDANCE ON REGISTRATION FORMALITIES OFSOCIETY UNDER MCSACT, 1960
On executing an agreement with the individual purchasers the individual purchaser becomes the owner of the flat. In order to manage all the day to day affairs of the each flat/unit and the flat/unit holders therein it is necessary to have a duty bound organization to deal. For such management there may be three types of organization which are the Society established and registered under the Maharashtra Co-operative Societies Act 1960 or the Company established and registered under the Company Act 1956 or An Association of Apartment Owners or a Condominium can be established u/s 2 of the Maharashtra Apartment Ownership Act, 1970.
 
     
474571 Times Visited