Deemed conveyance etc.
ars
(Querist) 16 December 2013
This query is : Resolved
Dear Experts,
Kindly advise on the following queries, which came up during our CHSL meeting.:
1. Is there any time limit of deemed conveyance - special drive of CM, maharashtra? that is can we approach the department any time from now, for it.?
2. The sinking fund now can be used without the prior approval of the registrars, with the consent of the members? Is there any limit of its usage percentage or amount wise ?
3. The sinking fund amount lying with the society, will remain with it after redevelopment.?
4. After procuring deemed conveyance whether the developer / builder remains with any legal rights to challenge the title or stay the redevelopment?
Request to reply at the earliest.
ajay sethi
(Expert) 16 December 2013
yes you can approach now for deemed conveyance . builder ceases to have any rights after conveyance is executed .if you have adopted latest model bye laws you can use sinking fund money . balance amount will remain with society after redevelopment
T. Kalaiselvan, Advocate
(Expert) 17 December 2013
Yes Mr.Ajay Sethi is right. The sinking fund amount after utilisation will remain with the society, if any, for the redevelopment purpose.
