39) Assessments: All owners are obliged to pay monthly assessments ofRs.5001- or more imposed by the Association to meet all expenses relating to the "HlRADEEP APPARTMENT" Condominium, which may include an Insurance premium for a policy to cover repair and reconstruction work in case of hurricane fire, earthquake or other hazard of calamity. Ifrequired insurance premium will be separately charged, The assessments shall be made pro-rata according to the value of the unit owned, as stipulaged in the declaration. Such assessments shall include monthly payments to a General Operating Reserve Fund for Replacements. 40) Maintenance and repair: (I) Every owner must perform promptly all maintenance and repair work within his own unit which if omitted would affect the "HIRADEEP APPARTMENT" Condominium in entirety or an in a part belonging to other owners, being expressly responsible for the damages and liabilities that his failure to do so may endanger. (2) All the repairs of internal installations of the unit such as water, light, gas, power, sewage, telephone, air conditioner,sanitaryinstallations,doors, windows, lamps and all other accessories belonging to the unit are and shall be at the expense of the apartment owner concerned. (3) An owner shall reimburse the Association for any expenditure incurred in reparing or replacing any conunon area and facilitydamagedthrough his fault. 41) Use of family units - internal cbanges: (1) An owner shall not make nay structural modifications or alterations in his unit or installations located therein without previously notifying the Association in writing, through the President of the Board ifno Manager is employed.TheAssociationshall have the obligationto answer within thirty days and failure to do so within the stipulated time shall mean that is no objection to the proposed modification, alternation or installation. / ~---:~ 42) Use of common areas and facilities: 1/ < J._ -: ::':'._-, \ An owner shall not place or cause to be placed in the lobbies,vestibules, /: _. -_ Stairways, elevators and other areas of "HIRADEEP APPARTMENT" . :': r ", ,';~: ~ondominium and facilities of a similar nature both common and restricted ;.\\'" , ',\\. ,', .' . j~" ',0'1' ~.' an)' furniture packages or objects of any.. kind, Such areas shall be used for no \~ >,.:::::~ \'" 1-.~/ other purpose than for normal transit through them, '\.~ ""'--.-~""" 43) Right to entry: (1) An O\\TIcrshallgrantthe rightof entryto the Manager/Grantoror to any other person authorized by the Board or the Association or Grantor in case of any emergency originating in or threatening his unit whether owner is present at the time or not. 'ir rCllrcscnllltivcs when so )) (.. A 'I II pl '1lIIit other Owners,. IIr. III c' "I'llIlIlllIlIS ,.' (\11 0\\ 111I SIll , ' alterations , ., 'I required to cutrr his unit 1111'til' PIlfPOSl: 0 . f Ilerlllrnllll~ , 1Il~ I ' ,,' ' ' 1,.1 ,I 'cinelli services prOVI( cu, Ill' I'l'pllirs til the struruuul. I 1 mcchun CII or c C I' ' 'I .nt " . , '.' r., I' ' IVIIIIl;C and I I,ll SIIC1en ry IS Plll\'lIktllhllt \\'I'IIIl'1I l'l"qlll'sIIOIl'IIII), IS n1l11c 1Il1I( 'J f , . , Icncy such rag 11 0 entry 11111thuc couvcnlcnt til thr owner. III CIISC 01 lin clIlerg ,' shllll Ill" inuncduuc IIIllI without lilly request. H) Rull' ufcnmlud: ( I) Nil rcsiduu IIl'lhc"llmADEEP APPARTMENT" CondollliniulII shall post allY udvcrtiscmcnt.or posters III' lilly kind in 01' on the huil~lill~' exe~pt a~ alllhllrilcli hy the 1IIII1Iiords IIIIII it' landlords sold nil their rights III the property, then permission or nssociution is required. (2) Rcsillellts/( )ccllpllnts/( )"'"ers ofnparuncnt/l Init shall exercise extrc~c.carc uhout mllkin~ noises or the lise 01' musical instruments, radios, teleVISIOns, 1I1llpliliersor thcr instrument or thing thntmay disturb others lind shall not cause 1111)' nuisance to others. Resillcllts/( kellplllltslOwncrs or apartment/Unit keeping domestic unimuls shull nhide by the municipal snnitary bylaws or regulations. (3) It is prohibited to hung. garments, rugs.ctc.Jrom the windows, balconies, or from any of the facades ol'thc "HIRADEEPAPPARTMENT'Condominium. (4) It is prohibited to dust, rugs, etc. from the windows, or to clean rugs,etc, by heating on exterior part of the said Condominium. (5) It is prohibited to throw garbage or trash outside the disposal installations provided for such purposes in the service areas. If such installation is not provided, all garbage or trash shall be collected in a vessel and thrown in the municipal dustbin. (6) No owner, resident or lessee shall install wiring for electrical or telephone installation, television antennas, machines or air conditioning units.ctc., on the exterior ofthe"HIRADEEP APPARTMENT' Condominium or that protrude through the walls or the roof of that Condominium except as authorized by the Association. CHAPTER VIII FUNDSANDTHEIR INVESTMENTS 45) Funds: Funds may be raise by the Association in all or any of the following ways, \'17_ a) By shares: b) By contributions and donations from the apartments owners: c) From common profits which shall from the nucleus of the Re serve Funds; d) By raising loans, if necessary, subject to such terms and conditions as the Associations, with the approval ofthe competent Authority may deem fit. .. 46) Investment: The Association may invest or deposit its funds in nne or more of the following; a) In the Central Cooperative Bank or in Stale Cooperative Bank or District Cooperative Bank or b) In any of the securities as specified in section 20 ofthe Indian Trusts Act.1882,or c) If any Nationalized. Cooperative or Private Bank other than those referred to in clause a). d) In any banking company approved ror this purpose by the Association. 47) Affiliation: Should there be any federation of apartment owners in the locality in which the "l-llRADEEP APPARTMENT"Condominium is situate, the Association may, after consulting the competent authority. become a member there of and pay the sums from time to time payable to such Federation under the rules thereof. 48) Accountants: [1] A banking account shall be opened by the Association in to which all moneys received on behalf of the Association shall be paid, provided that the Secretary may reatain in his personal custody an amount not exceeding Rs.5001- for petty expenses.AII payment above RsjOOI- shall be made by cheque signed by the Secretary and one member of the Board. [2] Each apartment owner shall have a pass book in which the Secretary shall enter amounts paid to or received for his share in respect of profits from common areas and contributions towards common expenses, and his share of assessment and other dues, if any, in respect of his apartment. [3] The Association shall on or before 31st July in each year publish and get audited annual financial statement in repect of the com mon areas and facilities containing:- (a) The profit and loss account; (b) The receipts and expenditure of the previous financial years; and (c) A summary of the property and assets and liabilities of the Association. giving such particulars as will disclose the general nature of those liabilities and assets and how the value of fixed assets has been arrived at. The audited financial statement shall be open to the inspection of any member of the Association during office hours and in the office of the Association and a copy thereof shall be submitted to the competent authority not later than 31st March every year. Every financial statement shall be accompanied by a complete list of the apartment owners. There shall also accompany the financial statement in a similar list of loans. The financial statement shall state up to what date profits and expenses of common areas are included. publication of account~ and reports: d fthe report of the auditor, if 49) A copy of the last financial ~tatement : inOtheoffice of the Association. any. shaH be kept in a conspICUOUSpia 50) Appointment of Auditor:, ' eneral meeting, an auditor who sh~l1 The Association shaH appomt at ItSg d bv the Board as herem A . tion to be prepare • . audit the accounts of the SSOCIa d verify the same With the 1\ ' e the annual return an . before provided and sha examm , icn th arne as found by hun to be accounts relating thereto and shaH either sl~h I e Sor specificallv report to the ' dance Wit aw • correct, duh vouched an d m accor " t unvoudhed or not in accociation in what respect he finds It mcorree , accordance with law. 51) Power of Auditor: . nv papers or The Auditor shall be entitled to call for and examme a • d " I ti to the common areas an documents belonging to the ASSOCiation re a mg . common areas an d ftaciiliti facilities (including limited lies ) and common expenses d ., n an)' matter connecte and shall make a special report to the Associauon upo with the accounts which appears to him to require notice. CHAPTER VIII MOIUGAGEES 52) Notice to Association: An owner who mortgages his unit shall notify the Association through the Manager. if any, or the President of the Board in the event there is no Manager, the name and address of the mortgagee and the Association shall maintain such information in a book titled as "Mortgages of Units", 53) Notice of unpaid assessments: The Association shall at the request of a mortgagee of a unit report any unpaid assessments due from the owner of such unit. CHAPTER IX 54) Compliance: These by-laws are set forth to comply with the requirement of the Maharashtra Apartment Ownership Act,1970. In case any of these bylaws conflict with the provisions kof the said Act, it is hereby agreed and accepted that the provisions of the Act will apply, and prevail. 55) Seal of the Association: The Association shall have common seal which shall be in the custodv of the secretary. and shall be used only under the authority of a resolution of the Board and every deed of instrument to which the seal is affixed shall be attested for or on bahalf of the Association by two members of the Board and the Secretary or any other person authorized by the Association in that behalf. -.' .. ,<', -.." :!..., :. _' -;\ :' _*j . '; ; .I : _- ::v· CHAPTER X AMENDMENTS TO PLAN OF APARTMENT OWNERSHIP 56) Amendments of bye-law: These bye-laws may be amended by the Association in a dulyconstituted meeting for such purpose and no amendment shall take effect unless approved by owners representing at least 60 percent, of the total value of all units in the "l-llRADEEP APP ARTMENT" Condominium as shown in the Declaration. IN WITNESS WHEREOF the Grantor hereto set out his hand on this Deed of Declaration on this 28 day of March 20 17,at DHULE. Witness ll-~~J-,----------- r ,5'\..\." fJr.,'. I I) L( '> sGID- 2)--------~------------------ ,~, {'~'\ \~ 1 (l'ij- -..," ;'!,>:-" " <:;.\ " ,.\),\ ""'~~'\ _Ii ! ''':''-.'~ :' '-'I geLD \30:'-10 i---.- ..~-- I '" \' l__:::_::_ .;.: --~.- ''''---;-,~''..~. .- I I ! ~ I .. ---~ L_ \ r.~~- r - T~ \ '> '-'--1--, '--'-'- --:-1 !, ,-_- _. --i'- Ni'1.'i· .. , mcll ",I.. '1"1!~i . I._.. 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