Stamp Rs. 500/- Ÿ&&lrŸ&& DEED OF DECLARATION OF “Parksyde Homes” of Phase-I (Under Section -2 of The Maharashrta Ownership Act 1970) THIS DEED OF DECLARATION OF Parksyde Homes, Phase-I is made and executed on this 9th Day of May in the Christian year Two Thousand Eighteen at Nashik. (2) 1. Nature of Document : Deed of Declaration 2. Name of S.R.O. : Sub-Registrar, Nasik - 3 3. Franking Unique No. : 4. Property description : Nashik, Survey No. 256(P) & 257(P) Parksyde Homes, Phase-I 5. Consideration Amt. Rs. : 6. Stamp purchaser’s : Jaikumar Constructions LLP Name 7. Name of the other party : 8. If through name and : Ankush Gudhage, Nashik Address 9. Stamp Duty Amount. : Rs. 500/- 10. Authorised person’s : full signature & Seal (3) WE, 1. M/S. JAIKUMAR CONSTRUCTIONS L. L. P., a Limited Liability Partnership Firm duly registered under the provisions of Limited Liability Partnership Act 2008 bearing L. L. P. Identification No. AAB-2234 PAN NO. AAJFJ 0360 P Through its Partner Shri. Hiten Haridas Rajkotia Age : 46 Years, Occupation :- Business Office At - Survey No. 256+257 Opp. Rasbihari International School, Near Bali Mandir, Hanuman Nagar, Mumbai Agra Road, Panchavati, Nashik-422003. 2. Mr. Sanjaykumar Kondiram Dhakane Age- 47 Years, Occ. - Agriculturist & Service PAN-AAZPD 6146 M R/o.- G-147, Maratha Cement Work Colony, At. Post. Upparwahi, Dist. Chandrapur-442908. 3. M/s Sunrise Developers PAN-PAN-ACJFS 6210 P through its Partner Mr. Nagindas Zaverchand Mehta Age- 71 Years, Occ. - Business R/o.- 11/A, Shivkrupa, H-Wing, Old Nagardas Road, Opp. Govardhan Nath Haveli, Andheri(W), Mumbai-400069. Sr. No. 1 for themselves and General Power of Attorney Holder of Land owner Sr. No. 2 & 3 Empowered and qualified to execute this Deed Hereinafter referred to as THE GRANTORS DO HEREBY STATE: 1. That the Grantors own all that piece and parcel of land and ground situate within the Registration Sub-District, Taluka and Dist. Nashik and within the limits of the Nashik Municipal Corporation being Phase No.1 consisting of Building/Wing Nos.A, B, C, D and E totally ad- measuring built up area of 24995.78 Sq. Mtrs. (i.e. slab area) and cov- ering ground/plinth area of 1543.04 Sq. Mtrs., and land area under the plinth of 1543.04 Sq. Mtr. situated at as per 7/12 S. No.256/2 to 6/6 + 256/2 to 6/8 (P) + 256/2 to 6/1 + Plot No. 1 to 8 out of Survey No 256/7 + 257/1A + 257/1B + 257/1C + 257/1D + 257/1J + 257/ (4) 2A/1 (P) + 257/2B (P) and as per D. I. L.R. S.No.256/2 to 6/6 + 256/ 2 to 6/8 (P) + 256/2 to 6/1 + Plot No. 1 to 8 out of S. No. 256/7 + 257A/9 + 257A/11 + 257A/12 at Nashik and Phase No.1 is bounded as follows - On or towards the East : By Open space and adj Survey No. 256/2 to 6/2(P) On or towards the West : By Podium Garden, Marginal Space and adj. Survey No. 256/1(P) On or towards the South : By Marginal space and adj. D. P. Road On or towards the North : By Open Space, Marginal Space and Adj. Internal Road. And in addition to the above mentioned land area, FSI of 1120.00 Sq. Mtr. of DP Road from Survey No 256/2 to 6/8 is utilized on the aforesaid area. Grantor No.1 is the owner of the Buildings and structures standing thereon and along with all the appurtenances thereto all hereinafter called the said Property and the same is the subject matter of this Deed of Declaration. The said property is shown in the plan hereto annexed in red colour boundary line. 2.A) Phase No. 1 consisting of Building / Wing Nos. A, B, C, D and E totally admeasuring built-up area of 24995.78 Sq. Mtr. (i.e. slab area) and covering ground /plinth area of 1543.04 Sq. Mtr. and land area under the plinth of 1543.04 Sq. Mtr. situated in Southern side portion specifically lying and situated on Survey No. 256/2 to 6/6. Out of all that piece and parcel of land and ground within the Registration, Sub- District, Taluka and Dist. Nashik and within the limits of N.M.C. bear- ing S.No.256/2 to 6/6+ 256/2 to 6/8(part) + 256/2 to 6/1 + Plot No 1 to 8 out of Survey No 256/7 + 257/1A+ 257/1B + 257/1C + 257/1D + 257/1J + 257/2A/1(part) + 257/ 2B (part), S.No.as per D.I.L.R. S.No.256/2 to 6/6 + 256/2 to 6/8(pt)+256/2 to 6/1+ Plot No 1 to 8 out of S. No. 256/7+ 257A/9+ 257A/ 11+ 257A/12 lying and situ- ated at Nashik and more particularly described hereinabove is owned by the Promoter, herein having purchased the same by various sale deeds /development agreement, which is described in details as fol- lows (hereinafter referred to as “The Project Land”) a) M/s. Jaikumar Constructions L. L. P. (hereinafter referred as Land Owner/Promoter / Developer) seized & possessed of & otherwise well & sufficiently entitled to all that pieces or par- (5) cels of Non-Agricultural Lands bearing Revenue Survey No.256/ 2 admeasuring 01 Hector 60 Ares & Land bearing Revenue Sur- vey No. 256/3 (Part) admeasuring 00 Hector 81 Ares situated, lying & being at village Nashik, Tal. & Dist. Nashik, within the limits of Nashik Municipal Corporation, Nashik. The said prop- erties are purchased by said owner by different sale deeds. The respective owner of Survey No. 256/1 to Survey No. 256/8 were given an application for the admeasurements of total area of Survey No. 256 and accordingly Tahsildar Nashik gave his order vide no Adhi/Kavi/3243/2014 Dated 20/12/ 2014 and Deputy Superintendant of Land Record Office gave his order vide no/Nashik/Du.Ra.No. 807/14 Dated 24/11/2014, accordingly at village Nashik record of right has been corrected after obtaining permission from Collector Nashik vide no Masha/Kaksha-3/4/NA Letter No./442/2012, Nashik Dated 29/10/2012. Hence Kami Jasta Patrak is applicable and old sur- vey no 256/2 and 256/3 is renumbered as Survey No. 256/2 to 6/1 area admeasuring 10755.00 Sq. Mtr. and Survey No. 256/2 to 6/6 area admeasuring 12225.00 Sq. Mtr. is owned and pos- sessed and shown in the name of M/s. Jaikumar Constructions LLP, partnership firm. To that effect mutation entry no. 96263 dt. 26/02/2015 has been sanctioned and effect has been taken on 7/12 extract of the property. Promoter purchased TDR area admeasuring 5412.13 Sq. Mtr. from DRC Certificate No. 727 by Registered Purchase Deed. Said Purchase Deed was Registered with Sub-Registrar Nashik- 5 at Sr. No. 6048-2016 Dt. 10/10/2016. Out of the said TDR area part area is utilized on the Schedule property i.e. on the area of Survey No. 256/2 to 6/6. Promoter owned and possessed area admeasuring 1120.00 Sq. Mtr. out of Survey No. 256/2 to 6/8. Said area is reserved for DP Road by Nashik Municipal Corporation, Nashik. Hence against said DP Road area or in lieu of said DP Road area Pro- moter has received FSI of 1120.00 Sq. Mtr. from Nashik Munici- pal Corporation, Nashik. Accordingly while sanctioning build- ing plan on Survey No. 256/2 to 6/6, 1120.00 Sq. Mtr. FSI area is utilised on the said survey number. b) Non-Agricultural Lands area bearing Revenue Survey No. 257/ 1A area admeasuring 3500 Sq. Mtr. Survey No. 257/1B area admeasuring 3290 Sq. Mtr., Survey No. 257/1C area admea- suring 3290 Sq. Mtr, Survey No. 257/1D area admeasuring 3590 Sq. Mtr., Survey No. 257/1J area admeasuring 3290 Sq. Mtr., Survey No. 257/2A/1(P) area admeasuring 10203 Sq. Mtr., (6) Survey No. 257/2B area admeasuring 7200 Sq. Mtr. situated, lying & being at village Nashik, Tal. & Dist. Nashik, within the limits of Nashik Municipal Corporation, Nashik. Out of the said total area the following area are owned and possessed by Pro- moter by sale deed and by Development Agreement. M/s. Jaikumar Constructions L. L. P. purchased area ad- measuring 0 Hector 3500 Sq. Mtr. area out of Survey No 257/ 1A, area admeasuring 2190 Sq. Mtr. area out of Survey No. 257/ 1B(P), area admeasuring 390 Sq. Mtr. area out of Survey No 257/1C(P), area admeasuring 2880 Sq. Mtr. area out of Survey No 257/1D(P), area admeasuring 10203 Sq. Mtr. area out of Survey No 257/2A/1(P), area admeasuring 7200 Sq. Mtr. ares out of Survey No 257/2B(P) by different sale deeds. Mr. Sanjaykumar Kondiram Dhakane owned and pos- sessed area admeasuring 1100 Sq. Mtr. Ares out of Survey No 257/1B(P), area admeasuring 2900 Sq. Mtr. Ares out of Survey No 257/1C(P) i.e. 4000 Sq. Mtr. The land owner had executed Development Agreement and General power of Attorney in favour of M/s. Jaikumar Constructions L.L.P. Accordingly M/ s. Jaikumar Constructions L.L.P. having Development rights to the property. M/s. Sunrise Developers partnership firm through its partner owned and possessed area admeasuring 710 Sq. Mtr. Ares out of Survey No. 257/1D(P) and area admeasuring 3290 Sq. Mtr. Ares out of Survey No 257/1J i.e. 4000 Sq. Mtr. The land owner had executed Development Agreement and General power of Attorney in favour of M/s. Jaikumar Constructions L.L.P. Accordingly M/s. Jaikumar Constructions L.L.P. having Development rights to the property. c) Whereas Promoter/Developer has decided to develop above mentioned total area, hence they have started constructions on the said area in a phased manner. Subsequently for the sake of organized development of the project land Promoter/ Devel- oper have admeasured total land area from District Land Record Office, Nashik and to that effect have obtained revised commencement certificated dt. 29/04/2017 on total area admea- suring 57393.00 Sq. Mtr. B] Being owner and developer the Promoter is entitled and enjoined upon to construct buildings on the project land in accordance with the recitals hereinabove. C] The Owner / Promoter is in possession of the project land. And (7) have all rights to develop the project land. Therefore have decided to utilize and construct buildings on said area in a phased manner. D] Nature and Particulars of the entire scheme are as under – a] The permission for non agricultural use of the following land has been obtained from the Collector viz (i) For area admeasuring 3500 Sq. Mtr. Out of Survey No. 257/1A, Area admeasuring 3290 Sq. Mtr out of Survey No 257/1B, area admeasuring 3290 Sq. Mtr out of Sur- vey No 257/1C, area admeasuring 3590 Sq. Mtr out of Survey No 257/1D & area admeasuring 3290 Sq. Mtr out of Survey No 257/1J, area admeasuring 5403 Sq. Mtr. Out of Survey No 257/2A/1(P) are allowed to use for Non- Agricultural purpose by order of Collector of Nashik vide No. Maha/Kaksha-3/4/N.A. Letter No./443/2012 Nasik, Dt. 26/11/2012. (ii) For area admeasuring 4800 Sq. Mtr out of Survey No 257/ 2A/1(P) and area admeasuring 7200 Sq. Mtr out of Sur- vey No 257/2B are allowed to use for Non-Agricultural purpose by order of Collector of Nashik vide No. Maha/ Kaksha-3/4/N.A. Letter No./28/2014 Nasik, Dt. 08/10/ 2014. (iii) For area admeasuring 7781.02 Sq. Mtr out of Survey No 256/2(P) and area admeasuring 15238.16 Sq. Mtr out of Survey No 256/3 are allowed to use for Non-Agricultural purpose by order of Collector of Nashik vide No. Mah/ Desk-3 / 4 / N. A. S. R./ 442 / 2012, Nashik Dated 29/ 10/2012. b] The layout is sanctioned for the area of 57393 Sq.mtrs. and after excluding area of amenity space admeasuring 2658.10 Sq. mtrs. and area under D. P. Road admeasuring 1120 Sq. mtrs. layout is sanctioned for the remaining area admeasuring 53,162.05 Sq. Mtrs. Acordingly building permissions was sanctioned by Nashik Municipal Corporation, Nashik vide Commencement Certificate bearing No.C-1/61/610 dated 29.04.2017 and after completing construction of buildings from Phase-I Promoter Developer obtained completion certificate from Nashik Munici- pal Corporation, Nashik vide their completion certificate No. NRV/21561/Panchavati/6947 dt. 18/10/2017 and copies thereof are annexed herewith. Buildings bearing nos. A, B, C, D and E i.e. Phase-I are shown therein in boundary line. (8) Subsequently promoter has adjoined remaining 15737 Sq. Mtr. area with above mentioned 57393 Sq. Mtr. area and there- fore the promoter as a owner developer is entitled to develop whole project on area admeasuring 73130 Sq. Mtr. in a phased manner. To that effect promoter has obtained revised commence- ment certificate for Nashik Municipal Corporation. As well as Promoter has a right to add additional area in the said total area of project. E] The promoter has planned to Develop the said project in eight phases out of those phases, Phase No.-I, II-A , II-B , III, IV-A , IV- B are approved by NMC, Nashik and Phase No. V-A is partly approved by NMC, Nashik. The said phases are develop on total area 73130 Sq. Mtr. plus additional area which will be added in future. The above mentioned phases are registered with compe- tent authority established under Real Estate Regulatory Author- ity. Accordingly Phase No. I is registered vide no. P51600002640. The Promoter will use balance FSI & avail the FSI for area under reservations / TDR / Premium FSI and the same will be used in Phase no. V-A by constructing additional wings/buildings / floors as shown in Plan and will also be used on following pro- posed phases or all future phases. Promoter has already pur- chased adjoining land bearing Survey No. 257/2B(P), 257/1G(P), 257/ 1F/ 2(P), 257/1H, 257/1e(P) & 257/1E admeasuring 15,737.00 Sq. Mtrs. and has prepared revised plan of the present layout by amalgamating the said new land in the sanctioned lay- out and the said plan is sanctioned by Nashik Municipal Corpo- ration vide there letter No. LND/BP/C1/675/17083 dt. 01/03/ 2018 and Buildings/ Wings on the said area are called Phase No. V-A. Area from Survey No. 256(P) and other adjacent area has also been purchased by the Promoter and in the near future it will be amalgamated with Phase One to Phase Seventh and this eight phase will be called as phase VI. There will be recre- ational area or facilities in the said Phase V-A and VI and all such common area and facilities among all eight phases and it would be common for all eight phases. The separate Associa- tion formed for all the unit holders of each phase. The said saperate Association of each phase will be registered under the provisions of the Maharashtra Apartment Ownership Act 1970 through separate declarations and all associations of all Phases shall join in formation of federation of all phases. And said Fed- eration / Apex Body would act as a head of all Associations and Federation would be ultimate title bearer for whole project. The (9) board of members of the federation will be elected by a proce- dure laid down in the bye laws of the federation. The board of members of federation will also become de-facto members of the company i.e. M/s. Parksyde Homes Association, registered u/ s 8 of the companies act, 2013 for maintenance of all common facilities provided for all phases. However, this de-facto mem- bership would become effective only after vacation of office of first directors of the company i.e. after obtaining completion cer- tificate of last building of the lay out project. F] In the same manner the Promoter may join additional adjoining lands in the said larger scheme without however affecting rights of the purchaser / unit holders in their apartment. The Allot- tee/s has/have given their irrevocable permission for the changes in the layout plan as the same does not affect unit holder/s apartment, and has authorized the Promoter to do all acts, deeds and things for getting the said plans accordingly re- vised. While sanctioning revised building plan, if due to the present or future legal provisions, DC Rules or orders it be- comes necessary to provide accommodation/flat/housing area/ Apartment for allotment thereof to economically weaker sec- tion or such group through or without intervention of MHADA or Government or Corporation or other institution at cost or for constructions cost then the promoter shall be entitled to revise the plans for providing the said accommodation and use of FSI given in lieu thereof. The allottee / purchaser also have given their irrevocable consent for the same. G) The Buildings/Project shall be known as “PARKSYDE HOMES PHASE-I APARTMENT” and its postal address shall be Survey No 256(P) and 257(P), near Bali Mandir, Opp. Rasbihari School, Off. Mumbai Agra Road, Hanuman Nagar, Panchavati, Nashik- 422003. H) The said project / Parksyde Homes Phase-I comprises of 5 build- ings/wings namely Wing Nos. A, B, C, D and E is the subject matter of this deed. A] BUILDING / WING NO.”A” : The said Wing No. A con- sists of parking plus thirteenth floors. There are four resi- dential units each on the first to thirteenth floors. respec- tively bearing Apartment Nos. A-101 to A-104 on first floor, Nos. A-201 to A-204 on second floor, Nos. A-301 to (10) A-304 on third floor, Nos. A-401 to A-404 on fourth floor, Nos. A-501 to A-504 on fifth floor, Nos. A-601 to A-604 on sixth floor, Nos. A-701 to A-704 on seventh floor, Nos. A-801 to A-804 on eighth floor, Nos. A-901 to A-904 on ninth floor, Nos. A-1001 to A-1004 on tenth floor, Nos. A- 1101 to A-1104 on the eleventh floor, Nos. A-1201 to A- 1204 on the twelfth floor and Nos. A-1301 to A-1304 on the thirteenth floor. The said Wing has 2 lifts and two stair- case columns. There is a terrace above the Wing. There is parking space on the ground floor. B] BUILDING / WING NO.”B” : The said Wing No.B con- sists of parking plus thirteenth floors. There are four resi- dential units each on the first to thirteenth floors. respec- tively bearing Apartment Nos. B-101 to B-104 on first floor, Nos. B-201 to B-204 on second floor, Nos. B-301 to B-304 on third floor, Nos. B-401 to B-404 on fourth floor, Nos. B- 501 to B-504 on fifth floor, Nos. B-601 to B-604 on sixth floor, Nos. B-701 to B-704 on seventh floor, Nos. B-801 to B-804 on eighth floor, Nos. B-901 to B-904 on ninth floor, Nos. B-1001 to B-1004 on tenth floor, Nos. B-1101 to B- 1104 on the eleventh floor, Nos. B-1201 to B-1204 on the twelfth floor and Nos. B-1301 to B-1304 on the thirteenth floor. The said Wing has 2 lifts and two staircase columns. There is a terrace above the Wing. There is parking space on the ground floor. C] BUILDING / WING NO.”C” : The said Wing No.C con- sists of parking plus thirteenth floors. There are four resi- dential units each on the first to thirteenth floors. respec- tively bearing Apartment Nos. C-101 to C-104 on first floor, Nos. C-201 to C-204 on second floor, Nos. C-301 to C-304 on third floor, Nos. C-401 to C-404 on fourth floor, Nos. C-501 to C-504 on fifth floor, Nos. C-601 to C-604 on sixth floor, Nos. C-701 to C-704 on seventh floor, Nos. C- 801 to C-804 on eighth floor, Nos. C-901 to C-904 on ninth floor, Nos. C-1001 to C-1004 on tenth floor, Nos. C-1101 to C-1104 on the eleventh floor, Nos. C-1201 to C-1204 on the twelfth floor and Nos. C-1301 to C-1304 on the thir- teenth floor. The said Wing has 2 lifts and two staircase columns. There is a terrace above the Wing. There is park- ing space on the ground floor. (11) D] BUILDING / WING NO.”D” : The said Wing No.D con- sists of parking plus thirteenth floors. There are four resi- dential units each on the first to thirteenth floors. respec- tively bearing Apartment Nos.D-101 to D-104 on first floor, Nos. D-201 to D-204 on second floor, Nos. D-301 to D-304 on third floor, Nos. D-401 to D-404 on fourth floor, Nos. D-501 to D-504 on fifth floor, Nos. D-601 to D-604 on sixth floor, Nos. D-701 to D-704 on seventh floor, Nos. D-801 to D-804 on eighth floor, Nos. D-901 to D-904 on ninth floor, Nos. D-1001 to D-1004 on tenth floor, Nos. D- 1101 to D-1104 on the eleventh floor, Nos. D-1201 to D- 1204 on the twelfth floor and Nos. D-1301 to D-1304 on the thirteenth floor. The said Wing has 2 lifts and two stair- case columns. There is a terrace above the Wing. There is parking space on the ground floor. E] BUILDING / WING NO.”E” : The said Wing No.E con- sists of parking plus thirteenth floors. There are four resi- dential units each on the first to thirteenth floors. respec- tively bearing Apartment Nos. E-101 to E-104 on first floor, Nos. E-201 to E-204 on second floor, Nos. E-301 to E-304 on third floor, Nos. E-401 to E-404 on fourth floor, Nos. E- 501 to E-504 on fifth floor, Nos. E-601 to E-604 on sixth floor, Nos. E-701 to E-704 on seventh floor, Nos. E-801 to E-804 on eighth floor, Nos. E-901 to E-904 on ninth floor, Nos. E-1001 to E-1004 on tenth floor, Nos. E-1101 to E- 1104 on the eleventh floor, Nos. E-1201 to E-1204 on the twelfth floor and Nos. E-1301 to E-1304 on the thirteenth floor. The said Wing has 2 lifts and two staircase columns. There is a terrace above the Wing. There is parking space on the ground floor. 3. The members of the PARKSYDE HOMES, Phase-I Association of Apartment Owners have among themselves got allotted car park- ing areas for their respective exclusive uses and it is agreed by and between them that the same are and shall be irrevocable allotments and the said right shall run with their respective apartments and the said right shall be heritable and transferable along with the respec- tive apartments and cannot be separated from the apartments. All the said purchasers / unit holders/ members of the Association have requested the Grantor to convey their respective apartments along with the said exclusive allotments of their respective carparks. The said fact and agreement is hereby confirm by this Deed of Declaration. (12) 4. All the units are capable of independent use and occupation on account of they having their own exit to the common areas and fa- cilities and leading to the main exit of the property. The units will be owned by one or more persons, each having a particular and exclu- sive property thereto, each Apartment constituting a heritable and transferable immovable property within the meaning of common law for the time being in force in the state, and also undivided share in the general and/or restricted common areas and facilities of the build- ing as enumerated herein below necessary for their adequate use and enjoyment and hereinafter referred to as the General and/or restricted common areas and facilities, all the same in accordance with the Maharashtra Apartment Ownership Act, 1970. 5. The units in the said building/s are meant for use of residential purpose only and for occupation of the unit holders and their lawful nominee alone and in no case the said units or any part thereof shall be used for any purpose not permitted by law. It is also declared that in case the Unit holders do not require the unit for his/ their personal use and occupation then he/ they may allow the Unit to be used by such occupier by way of lease or license, having a prudent family and the unit holder shall inform in writing the same to the Association and obtain necessary no objection certificate from the Association. And in no case the unit shall be allowed to be occupied as a guest house or transient accommodation. 6. All the common facilities and amenities which are specifically mentioned hereunder are common for all phases and shall be pro- vided or constructed as per stage wise construction of each phase. Said common facilities and amenities for all phases would be handed over to the Federation of Association, which is head of all Associa- tions of all phases. 7. Each apartment owner may use the common areas and facili- ties in accordance with the purpose for which they are intended with- out hindering or encroaching upon the lawful rights of the other apart- ment owners. 8. That the condominium shall be called “ PARKSYDE HOMES, Phase-I APARTMENT” and the Apartments/units and common ar- eas and facilities shall be as follows , (13) I. BUILDING / WING NO.”A” : Description of Apartment / Flat from A-Wing Sr. Apartment Floor Living Kitchen Pass W.C. Bedroom Bedroom Carpet area Carpet area No. /Flat No Room with age Bath with with Sq. Mtr. Sq. Mtr. attached attached Room attached toilet (Before (After balcony balcony balcony RERA) RERA) 1 101 First 1 1 1 1 1 1 66.06 68.20 2 102 First 1 1 1 1 1 1 66.06 68.20 3 103 First 1 1 1 1 1 1 66.06 68.20 4 104 First 1 1 1 1 1 1 66.06 68.20 5 201 Second 1 1 1 1 1 1 66.06 68.20 6 202 Second 1 1 1 1 1 1 66.06 68.20 7 203 Second 1 1 1 1 1 1 66.06 68.20 8 204 Second 1 1 1 1 1 1 66.06 68.20 9 301 Third 1 1 1 1 1 1 66.06 68.20 10 302 Third 1 1 1 1 1 1 66.06 68.20 11 303 Third 1 1 1 1 1 1 66.06 68.20 12 304 Third 1 1 1 1 1 1 66.06 68.20 13 401 Fourth 1 1 1 1 1 1 66.06 67.74 14 402 Fourth 1 1 1 1 1 1 66.06 68.20 15 403 Fourth 1 1 1 1 1 1 66.06 68.20 16 404 Fourth 1 1 1 1 1 1 66.06 68.20 17 501 Fifth 1 1 1 1 1 1 66.05 68.20 18 502 Fifth 1 1 1 1 1 1 66.05 68.20 19 503 Fifth 1 1 1 1 1 1 66.06 68.20 20 504 Fifth 1 1 1 1 1 1 66.06 68.20 21 601 Sixth 1 1 1 1 1 1 66.06 68.20 22 602 Sixth 1 1 1 1 1 1 66.06 68.20 23 603 Sixth 1 1 1 1 1 1 66.06 68.20 24 604 Sixth 1 1 1 1 1 1 66.05 68.20 25 701 Seventh 1 1 1 1 1 1 66.06 68.20 26 702 Seventh 1 1 1 1 1 1 66.06 68.20 27 703 Seventh 1 1 1 1 1 1 66.06 68.20 28 704 Seventh 1 1 1 1 1 1 66.06 68.20 29 801 Eighth 1 1 1 1 1 1 66.06 68.20 30 802 Eighth 1 1 1 1 1 1 66.06 68.20 31 803 Eighth 1 1 1 1 1 1 66.06 68.20 32 804 Eighth 1 1 1 1 1 1 66.06 68.20 33 901 Nineth 1 1 1 1 1 1 66.06 68.20 34 902 Nineth 1 1 1 1 1 1 66.06 68.20 35 903 Nineth 1 1 1 1 1 1 66.06 68.20 36 904 Nineth 1 1 1 1 1 1 66.06 68.20 37 1001 Tenth 1 1 1 1 1 1 66.06 68.20 38 1002 Tenth 1 1 1 1 1 1 66.05 68.20 39 1003 Tenth 1 1 1 1 1 1 66.06 68.20 40 1004 Tenth 1 1 1 1 1 1 66.05 68.20 41 1101 Eleventh 1 1 1 1 1 1 66.06 68.20 42 1102 Eleventh 1 1 1 1 1 1 66.06 68.20 43 1103 Eleventh 1 1 1 1 1 1 66.06 68.20 44 1104 Eleventh 1 1 1 1 1 1 66.06 68.20 45 1201 Twelth 1 1 1 1 1 1 66.06 68.20 46 1202 Twelth 1 1 1 1 1 1 66.05 68.20 47 1203 Twelth 1 1 1 1 1 1 66.05 68.20 48 1204 Twelth 1 1 1 1 1 1 66.06 68.20 49 1301 Thirteenth 1 1 1 1 1 1 66.06 67.74 50 1302 Thirteenth 1 1 1 1 1 1 66.06 68.20 51 1303 Thirteenth 1 1 1 1 1 1 66.06 68.20 52 1304 Thirteenth 1 1 1 1 1 1 66.06 68.20 (14) II. BUILDING / WING NO.”B” : Description of Apartment / Flat from B-Wing Sr. Apartment Floor Living Kitchen Pass W.C. Bedroom Bedroom Carpet area Carpet area No. /Flat No Room with age Bath with with Sq. Mtr. Sq. Mtr. attached attached Room attached toilet (Before (After balcony balcony balcony RERA) RERA) 1 101 First 1 1 1 1 1 1 57.46 58.07 2 102 First 1 1 1 1 1 1 57.46 58.07 3 103 First 1 1 1 1 1 1 57.46 57.63 4 104 First 1 1 1 1 1 1 57.46 57.63 5 201 Second 1 1 1 1 1 1 57.46 58.07 6 202 Second 1 1 1 1 1 1 57.46 58.07 7 203 Second 1 1 1 1 1 1 57.51 57.63 8 204 Second 1 1 1 1 1 1 57.46 57.63 9 301 Third 1 1 1 1 1 1 57.46 58.07 10 302 Third 1 1 1 1 1 1 57.46 58.07 11 303 Third 1 1 1 1 1 1 57.46 57.63 12 304 Third 1 1 1 1 1 1 57.46 57.63 13 401 Fourth 1 1 1 1 1 1 57.51 58.07 14 402 Fourth 1 1 1 1 1 1 57.46 58.07 15 403 Fourth 1 1 1 1 1 1 57.46 57.63 16 404 Fourth 1 1 1 1 1 1 57.46 57.63 17 501 Fifth 1 1 1 1 1 1 57.46 58.07 18 502 Fifth 1 1 1 1 1 1 57.51 58.07 19 503 Fifth 1 1 1 1 1 1 57.46 57.63 20 504 Fifth 1 1 1 1 1 1 57.46 57.63 21 601 Sixth 1 1 1 1 1 1 57.46 58.07 22 602 Sixth 1 1 1 1 1 1 57.46 58.07 23 603 Sixth 1 1 1 1 1 1 57.46 57.63 24 604 Sixth 1 1 1 1 1 1 57.46 57.63 25 701 Seventh 1 1 1 1 1 1 57.46 58.07 26 702 Seventh 1 1 1 1 1 1 57.46 58.07 27 703 Seventh 1 1 1 1 1 1 57.46 57.63 28 704 Seventh 1 1 1 1 1 1 57.46 57.63 29 801 Eighth 1 1 1 1 1 1 57.46 58.07 30 802 Eighth 1 1 1 1 1 1 57.46 58.07 31 803 Eighth 1 1 1 1 1 1 57.51 57.63 32 804 Eighth 1 1 1 1 1 1 57.46 57.63 33 901 Nineth 1 1 1 1 1 1 57.46 58.07 34 902 Nineth 1 1 1 1 1 1 57.51 58.07 35 903 Nineth 1 1 1 1 1 1 57.46 57.63 36 904 Nineth 1 1 1 1 1 1 57.46 57.63 37 1001 Tenth 1 1 1 1 1 1 57.46 58.07 38 1002 Tenth 1 1 1 1 1 1 57.51 58.07 39 1003 Tenth 1 1 1 1 1 1 57.51 57.63 40 1004 Tenth 1 1 1 1 1 1 57.46 57.63 41 1101 Eleventh 1 1 1 1 1 1 57.46 58.07 42 1102 Eleventh 1 1 1 1 1 1 57.51 58.07 43 1103 Eleventh 1 1 1 1 1 1 57.51 57.63 44 1104 Eleventh 1 1 1 1 1 1 57.51 57.63 45 1201 Twelth 1 1 1 1 1 1 57.51 58.07 46 1202 Twelth 1 1 1 1 1 1 57.51 58.07 47 1203 Twelth 1 1 1 1 1 1 57.46 57.63 48 1204 Twelth 1 1 1 1 1 1 57.51 57.63 49 1301 Thirteenth 1 1 1 1 1 1 57.46 56.18 50 1302 Thirteenth 1 1 1 1 1 1 57.46 58.07 51 1303 Thirteenth 1 1 1 1 1 1 57.46 57.63 52 1304 Thirteenth 1 1 1 1 1 1 57.46 57.63 (15) III. BUILDING / WING NO.”C” : Description of Apartment / Flat from C-Wing Sr. Apartment Floor Living Kitchen Pass W.C. Bedroom Bedroom Carpet area Carpet area No. /Flat No Room with age Bath with Sq. Mtr. Sq. Mtr. attached attached Room toilet (Before (After balcony balcony RERA) RERA) 1 101 First 1 1 1 1 1 1 64.01 65.92 2 102 First 1 1 1 1 1 1 64.01 65.92 3 103 First 1 1 1 1 1 1 64.00 65.92 4 104 First 1 1 1 1 1 1 64.00 65.92 5 201 Second 1 1 1 1 1 1 64.00 65.92 6 202 Second 1 1 1 1 1 1 64.00 65.92 7 203 Second 1 1 1 1 1 1 64.01 65.92 8 204 Second 1 1 1 1 1 1 64.00 65.92 9 301 Third 1 1 1 1 1 1 64.01 65.92 10 302 Third 1 1 1 1 1 1 64.00 65.92 11 303 Third 1 1 1 1 1 1 64.01 65.92 12 304 Third 1 1 1 1 1 1 64.00 65.92 13 401 Fourth 1 1 1 1 1 1 64.01 65.92 14 402 Fourth 1 1 1 1 1 1 64.00 65.92 15 403 Fourth 1 1 1 1 1 1 64.01 65.92 16 404 Fourth 1 1 1 1 1 1 64.00 65.92 17 501 Fifth 1 1 1 1 1 1 64.00 65.92 18 502 Fifth 1 1 1 1 1 1 64.00 65.92 19 503 Fifth 1 1 1 1 1 1 64.00 65.92 20 504 Fifth 1 1 1 1 1 1 64.01 65.92 21 601 Sixth 1 1 1 1 1 1 64.00 65.92 22 602 Sixth 1 1 1 1 1 1 64.00 65.92 23 603 Sixth 1 1 1 1 1 1 64.00 65.92 24 604 Sixth 1 1 1 1 1 1 64.00 65.92 25 701 Seventh 1 1 1 1 1 1 64.00 65.92 26 702 Seventh 1 1 1 1 1 1 64.00 65.92 27 703 Seventh 1 1 1 1 1 1 64.01 65.92 28 704 Seventh 1 1 1 1 1 1 64.00 65.92 29 801 Eighth 1 1 1 1 1 1 64.01 65.92 30 802 Eighth 1 1 1 1 1 1 64.01 65.92 31 803 Eighth 1 1 1 1 1 1 64.00 65.92 32 804 Eighth 1 1 1 1 1 1 64.01 65.92 33 901 Nineth 1 1 1 1 1 1 64.00 65.92 34 902 Nineth 1 1 1 1 1 1 64.00 65.92 35 903 Nineth 1 1 1 1 1 1 64.01 65.92 36 904 Nineth 1 1 1 1 1 1 64.00 65.92 37 1001 Tenth 1 1 1 1 1 1 64.01 65.92 38 1002 Tenth 1 1 1 1 1 1 64.01 65.92 39 1003 Tenth 1 1 1 1 1 1 64.00 65.92 40 1004 Tenth 1 1 1 1 1 1 64.01 65.92 41 1101 Eleventh 1 1 1 1 1 1 64.01 65.92 42 1102 Eleventh 1 1 1 1 1 1 64.00 65.92 43 1103 Eleventh 1 1 1 1 1 1 64.00 65.92 44 1104 Eleventh 1 1 1 1 1 1 64.01 65.92 45 1201 Twelth 1 1 1 1 1 1 64.00 65.92 46 1202 Twelth 1 1 1 1 1 1 64.01 65.92 47 1203 Twelth 1 1 1 1 1 1 64.01 65.92 48 1204 Twelth 1 1 1 1 1 1 64.00 65.92 49 1301 Thirteenth 1 1 1 1 1 1 64.00 65.92 50 1302 Thirteenth 1 1 1 1 1 1 64.00 65.92 51 1303 Thirteenth 1 1 1 1 1 1 64.00 65.92 52 1304 Thirteenth 1 1 1 1 1 1 64.00 65.92 (16) IV. BUILDING / WING NO.”D” : Description of Apartment / Flat from D-Wing Sr. Apartment Floor Living Kitchen W.C. Pass Bedroom Bedroom Bedroom Carpet area Carpet area No. /Flat No Room with Bath age with with in Sq. Mtr. in Sq. Mtr. attached Utility Room attached attached (Before RERA) (After RERA) balcony balcony toilet 1 101 First 1 1 1 1 1 1 1 78.41 81.22 2 102 First 1 1 1 1 1 1 1 78.45 81.22 3 103 First 1 1 1 1 1 1 1 78.45 81.22 4 104 First 1 1 1 1 1 1 1 78.41 81.22 5 201 Second 1 1 1 1 1 1 1 78.41 81.22 6 202 Second 1 1 1 1 1 1 1 78.41 81.22 7 203 Second 1 1 1 1 1 1 1 78.45 81.22 8 204 Second 1 1 1 1 1 1 1 78.45 81.22 9 301 Third 1 1 1 1 1 1 1 78.41 81.22 10 302 Third 1 1 1 1 1 1 1 78.41 81.22 11 303 Third 1 1 1 1 1 1 1 78.45 81.22 12 304 Third 1 1 1 1 1 1 1 78.41 81.22 13 401 Fourth 1 1 1 1 1 1 1 78.41 81.22 14 402 Fourth 1 1 1 1 1 1 1 78.45 81.22 15 403 Fourth 1 1 1 1 1 1 1 78.45 81.22 16 404 Fourth 1 1 1 1 1 1 1 78.45 81.22 17 501 Fifth 1 1 1 1 1 1 1 78.41 81.22 18 502 Fifth 1 1 1 1 1 1 1 78.45 81.22 19 503 Fifth 1 1 1 1 1 1 1 78.45 81.22 20 504 Fifth 1 1 1 1 1 1 1 78.45 81.22 21 601 Sixth 1 1 1 1 1 1 1 78.45 81.22 22 602 Sixth 1 1 1 1 1 1 1 78.41 81.22 23 603 Sixth 1 1 1 1 1 1 1 78.41 81.22 24 604 Sixth 1 1 1 1 1 1 1 78.45 81.22 25 701 Seventh 1 1 1 1 1 1 1 78.41 81.22 26 702 Seventh 1 1 1 1 1 1 1 78.41 81.22 27 703 Seventh 1 1 1 1 1 1 1 78.45 81.22 28 704 Seventh 1 1 1 1 1 1 1 78.45 81.22 29 801 Eighth 1 1 1 1 1 1 1 78.41 81.22 30 802 Eighth 1 1 1 1 1 1 1 78.41 81.22 31 803 Eighth 1 1 1 1 1 1 1 78.45 81.22 32 804 Eighth 1 1 1 1 1 1 1 78.41 81.22 33 901 Nineth 1 1 1 1 1 1 1 78.41 81.22 34 902 Nineth 1 1 1 1 1 1 1 78.41 81.22 35 903 Nineth 1 1 1 1 1 1 1 78.41 81.22 36 904 Nineth 1 1 1 1 1 1 1 78.41 81.22 37 1001 Tenth 1 1 1 1 1 1 1 78.41 81.22 38 1002 Tenth 1 1 1 1 1 1 1 78.41 81.22 39 1003 Tenth 1 1 1 1 1 1 1 78.41 81.22 40 1004 Tenth 1 1 1 1 1 1 1 78.41 81.22 41 1101 Eleventh 1 1 1 1 1 1 1 78.41 81.22 42 1102 Eleventh 1 1 1 1 1 1 1 78.45 81.22 43 1103 Eleventh 1 1 1 1 1 1 1 78.41 81.22 44 1104 Eleventh 1 1 1 1 1 1 1 78.45 81.22 45 1201 Twelth 1 1 1 1 1 1 1 78.41 81.22 46 1202 Twelth 1 1 1 1 1 1 1 78.41 81.22 47 1203 Twelth 1 1 1 1 1 1 1 78.45 81.22 48 1204 Twelth 1 1 1 1 1 1 1 78.41 81.22 49 1301 Thirtinth 1 1 1 1 1 1 1 78.41 81.22 50 1302 Thirtinth 1 1 1 1 1 1 1 78.45 81.22 51 1303 Thirtinth 1 1 1 1 1 1 1 78.45 81.22 52 1304 Thirtinth 1 1 1 1 1 1 1 78.45 81.22 (17) V. BUILDING / WING NO.”E” : Description of Apartment / Flat from E-Wing Sr. Apartment Floor Living Kitchen W.C. Pass Bedroom Bedroom Bedroom Carpet area Carpet area No. /Flat No Room with Bath age with with in Sq. Mtr. in Sq. Mtr. attached Utility Room attached attached (Before RERA) (After RERA) balcony balcony toilet 1 101 First 1 1 1 1 1 1 1 78.45 83.02 2 102 First 1 1 1 1 1 1 1 78.41 83.02 3 103 First 1 1 1 1 1 1 1 78.45 83.02 4 104 First 1 1 1 1 1 1 1 78.45 83.02 5 201 Second 1 1 1 1 1 1 1 78.45 83.02 6 202 Second 1 1 1 1 1 1 1 78.45 83.02 7 203 Second 1 1 1 1 1 1 1 78.41 83.02 8 204 Second 1 1 1 1 1 1 1 78.45 83.02 9 301 Third 1 1 1 1 1 1 1 78.45 83.02 10 302 Third 1 1 1 1 1 1 1 78.45 83.02 11 303 Third 1 1 1 1 1 1 1 78.45 83.02 12 304 Third 1 1 1 1 1 1 1 78.41 83.02 13 401 Fourth 1 1 1 1 1 1 1 78.45 83.02 14 402 Fourth 1 1 1 1 1 1 1 78.45 83.02 15 403 Fourth 1 1 1 1 1 1 1 78.45 83.02 16 404 Fourth 1 1 1 1 1 1 1 78.45 83.02 17 501 Fifth 1 1 1 1 1 1 1 78.45 83.02 18 502 Fifth 1 1 1 1 1 1 1 78.45 83.02 19 503 Fifth 1 1 1 1 1 1 1 78.45 83.02 20 504 Fifth 1 1 1 1 1 1 1 78.41 83.02 21 601 Sixth 1 1 1 1 1 1 1 78.45 83.02 22 602 Sixth 1 1 1 1 1 1 1 78.45 83.02 23 603 Sixth 1 1 1 1 1 1 1 78.45 83.02 24 604 Sixth 1 1 1 1 1 1 1 78.45 83.02 25 701 Seventh 1 1 1 1 1 1 1 78.45 81.22 26 702 Seventh 1 1 1 1 1 1 1 78.45 83.02 27 703 Seventh 1 1 1 1 1 1 1 78.45 83.02 28 704 Seventh 1 1 1 1 1 1 1 78.45 81.22 29 801 Eighth 1 1 1 1 1 1 1 78.41 83.02 30 802 Eighth 1 1 1 1 1 1 1 78.41 83.02 31 803 Eighth 1 1 1 1 1 1 1 78.45 81.22 32 804 Eighth 1 1 1 1 1 1 1 78.41 83.02 33 901 Nineth 1 1 1 1 1 1 1 78.41 83.02 34 902 Nineth 1 1 1 1 1 1 1 78.41 83.02 35 903 Nineth 1 1 1 1 1 1 1 78.45 83.02 36 904 Nineth 1 1 1 1 1 1 1 78.41 83.02 37 1001 Tenth 1 1 1 1 1 1 1 78.41 83.02 38 1002 Tenth 1 1 1 1 1 1 1 78.41 83.02 39 1003 Tenth 1 1 1 1 1 1 1 78.45 83.02 40 1004 Tenth 1 1 1 1 1 1 1 78.41 81.22 41 1101 Eleventh 1 1 1 1 1 1 1 78.41 83.02 42 1102 Eleventh 1 1 1 1 1 1 1 78.41 83.02 43 1103 Eleventh 1 1 1 1 1 1 1 78.45 81.22 44 1104 Eleventh 1 1 1 1 1 1 1 78.41 83.02 45 1201 Twelth 1 1 1 1 1 1 1 78.41 83.02 46 1202 Twelth 1 1 1 1 1 1 1 78.41 83.02 47 1203 Twelth 1 1 1 1 1 1 1 78.41 83.02 48 1204 Twelth 1 1 1 1 1 1 1 78.41 83.02 49 1301 Thirtinth 1 1 1 1 1 1 1 78.41 83.02 50 1302 Thirtinth 1 1 1 1 1 1 1 78.45 81.22 51 1303 Thirtinth 1 1 1 1 1 1 1 78.41 83.02 52 1304 Thirtinth 1 1 1 1 1 1 1 78.41 83.02 (18) II. Common areas and facilities common among apartment / units in Parksyde Homes Phase-I : 1. The parcel of land described in para 1 above i.e. land area under the plinth (subject to the right of exclusive uses that will be al- lotted to various units) 2. The footing, RCC structures and main walls of the buildings. 3. Staircase column and lift with lift room in the building/s, fire equipments, common entrance and exits of the building. 4. Common sewage / drainage, water, electrical lines, power backup. 5. Overhead water reservoirs and plumbing machinery, pumps etc. 6. Electrical meters, wiring connected to common lights, lifts, pumps. 7. Two Passenger lifts per wing. (One lift having power backup) 8. Street lights. 9. Covered car / scooter / cycle parking spaces subject to arrangement to be done by all purchasers among themselves for the sake of orderly use and avoidance of disputes to be got con- firmed by the purchasers from the association. III. Limited common area and facilities among Apartment / units in Parksyde Homes - Phase-I : 1. Partition walls between the two units shall be limited common property of the said two units. 2. Sit out / open balcony shall exclusively belong to such respec- tive flats is specifically mentioned in purchasers agreement. 3. Other exclusive and limited common areas and facilities as mentioned in body of this deed. 4. Other exclusive and limited common area and facilities as men- tioned in this deed. 5. All areas which are not covered under aforesaid head common, areas and facilities are restricted areas and facilities. 6. Land around building/S and open areas / marginal spaces. IV. Common area and facilities common among all Phases to be owned by Federation of Associations of All Phases : 1. Open Spaces under the present and revised layout and club house. 2. Internal pathways. 3. Transformer, common STP, underground water tank. (19) 4. The above common area and facilities shall be developed, con- structed and made operational progressively as per the progress of various phases. The following all common area and facilities are common for all Phases and said facilities will be completed and provided as per constructions of each phase. V. Common area and facilities / amenities for all the Phases of the project to be completed Phase wise as follows : With Phase-I 1. Open Badminton Court. 2. Cricket Net 3. Garden and Seating Areas 4. Kids play area With Phase-II-A 1. Pavilion. 2. Lawn. 3. Stage 4. Club House and party lawn 5. Swimming Pool. With Phase-III 1. Kids Play area. 2. Temple. 3. Herbal/Medicinal Garden. 4. Meditation Pavilion. 5. Involute Path/Acupressure Path. 6. Thick Plantation 7. Fragrance Garden. 8. Indoor Games-Pavilion. 9. Play Maze. 10. Stage. 11. Lawn + Tree Plaza 12. Walkway. With Phase-IV-B 1. Basket ball Court. 2. Tennis Court. 3. Jogging Track. 4. Outdoor Green GYM. 5. Skating Rink. 6. Cycle Track. 7. Amphitheatre. 8. Kids Play area. (20) 9. Seating area. 10. Lawn. 11. Butterfly Garden. 12. Gravel Bed. 13. Play Ground. 14. Barbeque area. 15. Lily Pond. 16. Acupressure Path. 17. Pavilion. 18. Play Maze. 19. Fragrance Garden. 20. Walkway. 21. Common ground water storage tank. 22. Compound walls, fencing and gates. 23. STP 24. Internal roads with street lights 25. Transformers 26. Common drainage, water and electrical lines with water and electrical meters. 9] EXCLUSIVE AREAS : All the flat allottees / purchasers in the said Phase-I (who have till this day purchased the Flat/ Apartments in the said Phase-I) have among themselves, for the sake of orderly use and avoidance of disputes in future, by their own volition, selected car parks among themselves on ‘first come first serve’ basis. Therefore the said selection is confirmed by the members of the Parksyde Homes Phase-I Association of Apartment Owners among themselves for the exclusive use of the respective unit holders are as under: Wing/Building No.”A “ Apartment No. Carpark No. Apartment No. Carpark No. 101 CPA-07 302 CPA-12 102 OPA-38 303 OPA-43 103 OPA-39 304 OPA-21 104 OPA-24 401 OPA-22 201 CPA-13 402 OPA-34 202 CPA-11 403 CPA-16 203 OPA-45 404 OPA-23 204 OPA-19 501 CPA-05 301 CPA-02 502 OPA-37 (21) Apartment No. Carpark No. Apartment No. Carpark No. 503 CPA-17 904 CPA-09 504 CPA-01 1001 OPA-31 601 OPA-48 1002 OPA-35 602 CPA-10 1003 OPA-25 603 OPA-46 1004 OPA-26 604 OPA-20 1101 OPA-40 701 CPA-15 1102 OPA-33 702 OPA-29 1103 OPA-51 703 CPA-42 1104 CPA-04 704 CPA-03 1201 CPA-08 801 OPA-27 1202 OPA-32 802 OPA-30 1203 OPA-28 803 OPA-44 1204 OPA-18 804 CPA-06 1301 OPA-49 901 OPA-47 1302 CPA-14 902 OPA-36 1303 OPA-52 903 OPA-41 1304 OPA-50 Wing/Building No.”B” Apartment No. Carpark No. Apartment No. Carpark No. 101 OPB-25 603 OPB-26 102 CPB-07 604 CPB-09 103 OPB-28 701 OPB-18 104 OPB-19 702 OPB-29 201 OPB-21 703 OPB-30 202 CPB-01 704 OPB-16 203 OPB-23 801 OPB-46 204 CPB-14 802 CPB-12 301 CPB-04 803 CPB-05 302 CPB-08 804 OPB-35 303 CPB-13 901 OPB-32 304 OPB-36 902 OPB-33 401 OPB-17 903 OPB-39 402 OPB-22 904 OPB-45 403 CPB-10 1001 OPB-34 404 CPB-02 1002 OPB-40 501 CPB-03 1003 OPB-44 502 OPB-31 1004 CPB-11 503 OPB-27 1101 CPB-06 504 OPB-15 1102 OPB-47 601 OPB-20 1103 OPB-43 602 OPB-24 1104 OPB-38 (22) Apartment No. Carpark No. Apartment No. Carpark No. 1201 OPB-41 1301 OPB-50 1202 OPB-42 1302 OPB-52 1203 OPB-48 1303 OPB-51 1204 OPB-37 1304 OPB-49 Wing/Building No.”C” Apartment No. Carpark No. Apartment No. Carpark No. 101 CPC-13 703 OPC-38 102 OPC-33 704 OPC-16 103 OPC-30 801 OPC-39 104 OPC-18 802 OPC-37 201 OPC-20 803 OPC-32 202 OPC-25 804 CPC-12 203 OPC-44 901 OPC-34 204 OPC-22 902 OPC-28 301 OPC-23 903 OPC-35 302 OPC-19 904 CPC-04 303 OPC-45 1001 OPC-46 304 OPC-17 1002 CPC-11 401 CPC-08 1003 OPC-43 402 CPC-05 1004 OPC-48 403 OPC-36 1101 OPC-41 404 OPC-42 1102 OPC-31 501 OPC-24 1103 OPC-27 502 CPC-07 1104 OPC-21 503 OPC-47 1201 CPC-03 504 CPC-14 1202 OPC-40 601 CPC-06 1203 OPC-49 602 CPC-10 1204 OPC-29 603 CPC-15 1301 OPC-01 604 CPC-02 1302 OPC-52 701 CPC-09 1303 OPC-51 702 OPC-26 1304 OPC-50 Wing/Building No.”D” Apartment No. Carpark No. Apartment No. Carpark No. 101 CPD-37 203 CPD-12 102 OPD-26 204 CPD-04 103 CPD-46 301 CPD-07 104 CPD-08 302 CPD-11 201 CPD-40 303 CPD-14 202 CPD-10 304 CPD-42 (23) Apartment No. Carpark No. Apartment No. Carpark No. 401 CPD-01 901 OPD-21 402 CPD-13 902 CPD-38 403 CPD-34 903 CPD-02 404 OPD-23 904 OPD-17 501 CPD-43 1001 CPD-51 502 CPD-33 1002 OPD-31 503 CPD-22 1003 CPD-39 504 CPD-32 1004 CPD-52 601 CPD-06 1101 CPD-03 602 OPD-28 1102 CPD-35 603 CPD-15 1103 OPD-25 604 OPD-20 1104 OPD-18 701 CPD-09 1201 OPD-19 702 OPD-41 1202 OPD-29 703 CPD-47 1203 CPD-49 704 OPD-27 1204 CPD-50 801 CPD-05 1301 OPD-30 802 OPD-24 1302 OPD-16 803 CPD-48 1303 OPD-45 804 CPD-36 1304 CPD-44 Wing/Building No.”E” Apartment No. Carpark No. Apartment No. Carpark No. 101 CPE-34 503 OPE-21 102 CPE-06 504 CPE-10 103 CPE-32 601 CPE-05 104 CPE-42 602 CPE-41 201 CPE-31 603 OPE-22 202 CPE-01 604 CPE-08 203 CPE-13 701 OPE-23 204 CPE-49 702 CPE-15 301 CPE-27 703 CPE-07 302 CPE-25 704 CPE-17 303 CPE-11 801 CPE-30 304 OPE-20 802 CPE-28 401 CPE-02 803 CPE-39 402 CPE-04 804 CPE-14 403 CPE-16 901 CPE-26 404 CPE-18 902 CPE-43 501 CPE-24 903 CPE-50 502 CPE-09 904 CPE-52 (24) Apartment No. Carpark No. Apartment No. Carpark No. 1001 CPE-45 1201 CPE-33 1002 CPE-03 1202 CPE-36 1003 OPE-19 1203 CPE-12 1004 OPE-29 1204 CPE-48 1101 CPE-35 1301 CPE-47 1102 CPE-37 1302 CPE-44 1103 CPE-38 1303 CPE-51 1104 CPE-40 1304 CPE-46 10. The right of the abovementioned limited common and exclu- sive areas and facilities shall be heritable and transferable along with the respective flat/flats/units as the case may be and the same shall be subject to the right of the Association, its office bearers and their representatives of use of the said exclusive, limited common areas and facilities for the purpose and to the extent of maintenance of the common areas and facilities. 11. The promoter / developer declared that the new Act RERA was introduced on 01/05/2017. Before the said act came in to existence the promoter / developer had mentioned the area of flats / units by following then prevailing rules and regulations. Therefore the said carpet area is also mentioned in the below chart which is according to the old regulations. After the applicability of Real Estates Regula- tory Act promoter / developer by following guidelines of said new act mentioned the area of unit /flats in agreement to sale. But after applicability of said new Act competent authority from time to time gave guidelines for calculations of flat area. Therefore in the below chart some minute variations may be found. 12. The right, title and interest of each owner of the Apartment or from Phase-I in the General Common Areas and Facilities and their proportionate share in the profits and common expenses in the Gen- eral and Common areas and facilities provided within the buildings or Phase-I for the purpose of voting in the meeting of the Association of Apartment Condominium is based on the proportionate area of each Apartment to the total area of various units (as values are cal- culated in proportion to the areas) as follows - (25) Wing/Building No.”A” Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 101 66.06 68.20 0.37 102 66.06 68.20 0.37 103 66.06 68.20 0.37 104 66.06 68.20 0.37 201 66.06 68.20 0.37 202 66.06 68.20 0.37 203 66.06 68.20 0.37 204 66.06 68.20 0.37 301 66.06 68.20 0.37 302 66.06 68.20 0.37 303 66.06 68.20 0.37 304 66.06 68.20 0.37 401 66.06 67.74 0.37 402 66.06 68.20 0.37 403 66.06 68.20 0.37 404 66.06 68.20 0.37 501 66.05 68.20 0.37 502 66.05 68.20 0.37 503 66.06 68.20 0.37 504 66.06 68.20 0.37 601 66.06 68.20 0.37 602 66.06 68.20 0.37 603 66.06 68.20 0.37 604 66.05 68.20 0.37 701 66.06 68.20 0.37 702 66.06 68.20 0.37 703 66.06 68.20 0.37 704 66.06 68.20 0.37 801 66.06 68.20 0.37 802 66.06 68.20 0.37 803 66.06 68.20 0.37 804 66.06 68.20 0.37 901 66.06 68.20 0.37 902 66.06 68.20 0.37 903 66.06 68.20 0.37 904 66.06 68.20 0.37 (26) Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 1001 66.06 68.20 0.37 1002 66.05 68.20 0.37 1003 66.06 68.20 0.37 1004 66.05 68.20 0.37 1101 66.06 68.20 0.37 1102 66.06 68.20 0.37 1103 66.06 68.20 0.37 1104 66.06 68.20 0.37 1201 66.06 68.20 0.37 1202 66.05 68.20 0.37 1203 66.05 68.20 0.37 1204 66.06 68.20 0.37 1301 66.06 67.74 0.37 1302 66.06 68.20 0.37 1303 66.06 68.20 0.37 1304 66.06 68.20 0.37 Wing/Building No.”B” Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 101 57.46 58.07 0.31 102 57.46 58.07 0.31 103 57.46 57.63 0.31 104 57.46 57.63 0.31 201 57.46 58.07 0.31 202 57.46 58.07 0.31 203 57.51 57.63 0.31 204 57.46 57.63 0.31 301 57.46 58.07 0.31 302 57.46 58.07 0.31 303 57.46 57.63 0.31 304 57.46 57.63 0.31 401 57.51 58.07 0.31 402 57.46 58.07 0.31 403 57.46 57.63 0.31 (27) Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 404 57.46 57.63 0.31 501 57.46 58.07 0.31 502 57.51 58.07 0.31 503 57.46 57.63 0.31 504 57.46 57.63 0.31 601 57.46 58.07 0.31 602 57.46 58.07 0.31 603 57.46 57.63 0.31 604 57.46 57.63 0.31 701 57.46 58.07 0.31 702 57.46 58.07 0.31 703 57.46 57.63 0.31 704 57.46 57.63 0.31 801 57.46 58.07 0.31 802 57.46 58.07 0.31 803 57.51 57.63 0.31 804 57.46 57.63 0.31 901 57.46 58.07 0.31 902 57.51 58.07 0.31 903 57.46 57.63 0.31 904 57.46 57.63 0.31 1001 57.46 58.07 0.31 1002 57.51 58.07 0.31 1003 57.51 57.63 0.31 1004 57.46 57.63 0.31 1101 57.46 58.07 0.31 1102 57.51 58.07 0.31 1103 57.51 57.63 0.31 1104 57.51 57.63 0.31 1201 57.51 58.07 0.31 1202 57.51 58.07 0.31 1203 57.46 57.63 0.31 1204 57.51 57.63 0.31 1301 57.46 58.07 0.31 1302 57.46 58.07 0.31 1303 57.46 57.63 0.31 1304 57.46 57.63 0.31 (28) Wing/Building No.”C” Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 101 64.01 65.92 0.36 102 64.01 65.92 0.36 103 64.00 65.92 0.36 104 64.00 65.92 0.36 201 64.00 65.92 0.36 202 64.00 65.92 0.36 203 64.01 65.92 0.36 204 64.00 65.92 0.36 301 64.01 65.92 0.36 302 64.00 65.92 0.36 303 64.01 65.92 0.36 304 64.00 65.92 0.36 401 64.01 65.92 0.36 402 64.00 65.92 0.36 403 64.01 65.92 0.36 404 64.00 65.92 0.36 501 64.00 65.92 0.36 502 64.00 65.92 0.36 503 64.00 65.92 0.36 504 64.01 65.92 0.36 601 64.00 65.92 0.36 602 64.00 65.92 0.36 603 64.00 65.92 0.36 604 64.00 65.92 0.36 701 64.00 65.92 0.36 702 64.00 65.92 0.36 703 64.01 65.92 0.36 704 64.00 65.92 0.36 801 64.01 65.92 0.36 802 64.01 65.92 0.36 803 64.00 65.92 0.36 804 64.01 65.92 0.36 901 64.00 65.92 0.36 902 64.00 65.92 0.36 903 64.01 65.92 0.36 904 64.00 65.92 0.36 (29) Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 1001 64.01 65.92 0.36 1002 64.01 65.92 0.36 1003 64.00 65.92 0.36 1004 64.01 65.92 0.36 1101 64.01 65.92 0.36 1102 64.00 65.92 0.36 1103 64.00 65.92 0.36 1104 64.01 65.92 0.36 1201 64.00 65.92 0.36 1202 64.01 65.92 0.36 1203 64.01 65.92 0.36 1204 64.00 65.92 0.36 1301 64.00 65.92 0.36 1302 64.00 65.92 0.36 1303 64.00 65.92 0.36 1304 64.00 65.92 0.36 Wing/Building No.”D” Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 101 78.41 81.22 0.44 102 78.45 81.22 0.44 103 78.45 81.22 0.44 104 78.41 81.22 0.44 201 78.41 81.22 0.44 202 78.41 81.22 0.44 203 78.45 81.22 0.44 204 78.45 81.22 0.44 301 78.41 81.22 0.44 302 78.41 81.22 0.44 303 78.45 81.22 0.44 304 78.41 81.22 0.44 401 78.41 81.22 0.44 402 78.45 81.22 0.44 403 78.45 81.22 0.44 (30) Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 404 78.45 81.22 0.44 501 78.41 81.22 0.44 502 78.45 81.22 0.44 503 78.45 81.22 0.44 504 78.45 81.22 0.44 601 78.45 81.22 0.44 602 78.41 81.22 0.44 603 78.41 81.22 0.44 604 78.45 81.22 0.44 701 78.41 81.22 0.44 702 78.41 81.22 0.44 703 78.45 81.22 0.44 704 78.45 81.22 0.44 801 78.41 81.22 0.44 802 78.41 81.22 0.44 803 78.45 81.22 0.44 804 78.41 81.22 0.44 901 78.41 81.22 0.44 902 78.41 81.22 0.44 903 78.41 81.22 0.44 904 78.41 81.22 0.44 1001 78.41 81.22 0.44 1002 78.41 81.22 0.44 1003 78.41 81.22 0.44 1004 78.41 81.22 0.44 1101 78.41 81.22 0.44 1102 78.45 81.22 0.44 1103 78.41 81.22 0.44 1104 78.45 81.22 0.44 1201 78.41 81.22 0.44 1202 78.41 81.22 0.44 1203 78.45 81.22 0.44 1204 78.41 81.22 0.44 1301 78.41 81.22 0.44 1302 78.45 81.22 0.44 1303 78.45 81.22 0.44 1304 78.45 81.22 0.44 (31) Wing/Building No.”E” Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 101 78.41 83.02 0.45 102 78.45 83.02 0.45 103 78.45 83.02 0.45 104 78.45 83.02 0.45 201 78.45 83.02 0.45 202 78.45 83.02 0.45 203 78.41 83.02 0.45 204 78.45 83.02 0.45 301 78.45 83.02 0.45 302 78.45 83.02 0.45 303 78.45 83.02 0.45 304 78.41 83.02 0.45 401 78.45 83.02 0.45 402 78.45 83.02 0.45 403 78.45 83.02 0.45 404 78.45 83.02 0.45 501 78.45 83.02 0.45 502 78.45 83.02 0.45 503 78.45 83.02 0.45 504 78.41 83.02 0.45 601 78.45 83.02 0.45 602 78.45 83.02 0.45 603 78.45 83.02 0.45 604 78.45 83.02 0.45 701 78.45 81.22 0.45 702 78.45 83.02 0.45 703 78.45 83.02 0.45 704 78.45 81.22 0.45 801 78.41 83.02 0.45 802 78.41 83.02 0.45 803 78.45 81.22 0.45 804 78.41 83.02 0.45 901 78.41 83.02 0.45 902 78.41 83.02 0.45 903 78.41 83.02 0.45 904 78.45 83.02 0.45 (32) Unit No. Carpet Area Carpet Area Share in Sq. Mtr. in Sq. Mtr. % (Before RERA) (After RERA) 1001 78.41 83.02 0.45 1002 78.41 83.02 0.45 1003 78.41 83.02 0.45 1004 78.45 81.22 0.45 1101 78.41 83.02 0.45 1102 78.41 83.02 0.45 1103 78.45 81.22 0.45 1104 78.41 83.02 0.45 1201 78.41 83.02 0.45 1202 78.41 83.02 0.45 1203 78.41 83.02 0.45 1204 78.41 83.02 0.45 1301 78.41 83.02 0.45 1302 78.45 81.22 0.45 1303 78.41 83.02 0.45 1304 78.41 83.02 0.45 Tota Carpet area 17908.50 18509.31 100 % The proportionate representation for voting purposes may be limited in accordance with the Provisions of Bye-Laws attached hereto at Exhibit “B”. 13. i) It is declared that as mentioned above each unit / apartment holder has right to use the common area, spaces, amenities and facilities of phase-I. Subsequently the unit holder will also have right to use common amenities and facilities of other phases, as soon as the said phases will be completed by the promoter and given for the use of all unit holders, said amenities and facilities are specifically mentioned hereinabove. ii) After obtaining completion certificate of last building of the last phase, all Association of all phases will join in formation of fed- eration which will be the apex body of all associations and will become the title holder of total land area, buildings common spaces and facilities and amenities of the project. The title of the promoter / developer /grantor in respect of the entire undivided / underneath land area of all buildings / wings along with com- mon area, amenities and facilities shall be conveyed within 3 (33) months from the date of issue of occupancy certificate to the last of the building / wing in the lay-out. The period of convey- ance is henceforth, also specifically and separately defined in each agreement to sale entered with flat holder / allottees. iii) As mentioned above the promoter / developer will handover the entire land area, common area amenities and facilities to the federation of all phases or all association. Each unit holder will subsiquently have undivided right in the total project land, common areas and facilities of the whole project. The said ratio of undivided right will be automatically derived when the last building of last phase will be completed. And said undivided ratio of each apartment owner would be automatically arrived at by considering ratio of carpet area of each apartment / unit to the total project land area. 14. i) Promoter / developer has formedM/s. Parksyde HomesAssociation a company (Herein after called a company) reg- istered u/s 8 of the companies act, 2013 for maintenance of all com- mon facilities provided for all phases. Said facilities shall be provided/ constructed by promoter as per stage wise construction of each phase. Said company shall maintain all common spaces, amenities and fa- cilities for all phases or project from the common maintenance amount of all unit/apartment holders of all phases. The company would also be in control of all the financial affairs of the project related to main- tenance, and will be authorized to accept deposits from members and invest/ expense those deposits. The company is a independent an separate legal entity, and is not governed or influenced by developer in any manner whatsoever. The company is already incorporated bearing CIN U93000MH2018NPL305691. The company would have its own set of rules and regulation prescribed under Memorandum and articles of association. The said memorandum and articles of association also forms part of this declaration and attached herewith as Exhibit “C- 1” & “C-2”. A] Quantum of the maintenance charges for maintenance of com- mon area and facilities common among all wings, and limited common area and facilities common among the unit holders in each building shall be decided by the Executive committee of the company and elected members of association , jointly and severally, in accordance with articles and memorandum of as- sociation of the company. (34) B] Executive committee of the company and elected members of associationshall be, jointly and severally, in control of the said common or limited common areas and facilities (as the case may be) and shall be entitled to disconnect the use and services thereof to the member/s who may default in payment of the mainte- nance charges. C] Executive committee of the company and elected members of association shall be, jointly and severally, shall be entitled to keep part of the money collected as a reserve fund for major expenses. A companyshall also be entitled to charge interest on the de- faulted amount @ 2% per month. There shall be a charge of the dues on the property of the defaulter. 15. Each apartment owner shall comply strictly with the bye-laws and with the administrative rules and regulations adopted by the association and with the memorandum and article of asso- ciation of a company, pursuant there to either of and the same may be lawfully amended from time to time, and with the cov- enants, conditions and restrictions set forth in the declaration or in the deed of apartment. Failure to comply with any of the same shall be a ground for an action to recover sums due for damages or injunctive relief or both maintainable by a com- pany or Board of managers on behalf of the Association of Apart- ment owners, or in a proper case by an aggrieved apartment owner. 16. (a) It is hereby declared that the unit holders of the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM shall be li- able to contribute towards the payment of N.A. Taxes and all other outgoings that may be levied by the Govt. or the local au- thorities in respect of the property more particularly described in above. (b) The limited common areas and facilities shall be maintained by the flats/units who share the said area and cost/expense thereof shall be shared by them in proportion to their respective carpet area. (c) The unit holders of the Association will be liable to contribute towards the maintenance of the common areas and facilities of the entire layout like common roads, garden, drainage, electrical and water lines, etc. (d) As promoter / developer will construct group housing project on above mentioned joint lay-out, the unit holder or apartment (35) holder or Association of Apartment owners of any Phase shall not enter the name of Individual flat owner or name of Association in the ownership or other right colomn of 7/12 extract or DILR record or any other Government record. After completion of all phases or last building of last phase, Promoter shall enter the name of Associations or Federation of all Associations in the record of right. 17. That the administration of the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM consisting of the aforementioned building/s and parcel of land i.e. plinth area as described in this deed shall be in accordance with the provisions of this Deed and with the provisions of the bye-laws which are made a part of this and are at- tached as Exhibit “B”. 18. That as it appears above a plan of Apartment Ownership is hereby constituted under and subject to the provisions of the Maharashtra Apartment Ownership Act, 1970 so that all the units on all the floors will be owned as individual properties capable of independent use on account of each having its own exit to common areas and facili- ties of the building, each unit owner having an exclusive and par- ticular right, title and interest over his respective unit and in addi- tion the specified undivided interest in the common areas and facili- ties and/or restricted common areas and facilities. 19. That the general and/or restricted common areas and facilities shall remain undivided and no owner shall bring any action for par- tition or division thereof. 20. That the percentage of the undivided interest in the general and/ or restricted common areas and facilities of structure under phase-I established herein shall not be changed without the unanimous con- sent of all the Apartment Owners expressed in amendment to this Deed duly registered. 21. That the undivided interest or interest in the general and/or restricted areas and facilities of structure under phase-I shall not be separated from the Unit to which it is attached and shall be deemed to be conveyed or encumbered with the unit even though such inter- est is not expressly mentioned or described in the conveyance or other instruments. (36) 22. That each Apartment Owners shall comply with the provisions of this Deed, Bye-Laws, Article of Association and memorandum of Parksyde Homes Association (Exhibit-C-1 & C-2), Decisions and Reso- lutions of the Association of Apartment Owners or its representa- tives and failure to comply with any such provisions, decision or reso- lutions shall be binding for an action to recover sums due for dam- ages and/or for injunctive relief. 23. That the dedication of the property to the plan of Apartment Ownership herein shall not be revoked or the property removed from the plan of Apartment Ownership or any of the provisions herein amended after execution and registration of deed/s of apartments (if any) unless all of the Apartment Owners in whose favour apartment deeds will then be executed (if any) unanimously agree to such revo- cation or amendment or removal of the property from the plan by duly registered instrument. 24. That no Apartment Owner of a unit will exempt himself from liability for his contribution towards the common expenses by waiver of the use or enjoyment of any of the general and/or restricted com- mon areas and facilities or by abandonment of his unit. Provided how- ever that the Grantor shall not be liable to such contribution or any other payment regarding unsold or unallotted units or units of which construction is not completed or possession is not delivered. 25. That all present or future owners, tenants, future tenants or any other person that might use the facilities of the building as a prudent man are subject to the provisions of this Deed and that mere acquisi- tion or rental of any of the units of the building or the mere act of occupying of the said units shall signify that the provisions of this Deed are accepted and ratified. The respective unit shall not be rented or given on leave and license or care taker basis by the Apartment Owners thereof for transient or hotel purposes which shall be defined as (a) rental compensation for any period less than thirty days or (b) any rental by which the occupants of the units are provided custom- ary hotel or boarding or lodging or paying guest services. Other than the foregoing obligations, the Apartment Owners of the respective units shall have the absolute right to lease such unit or give it on leave and license or care taker basis provided that the said lease, leave and license or care taker basis is made subject to covenants and restric- tions contained in this Declaration and further subject to the Bye- (37) Laws in Exhibit “B” and Exhibit-C-1 and C-2 as articles and memo- randum of Parksyde Homes Association attached hereto. 26. That where a unit is sold by a mortgagee in exercise of his power of sale under an Mortgage or by a court in execution of a decree in a suit brought by a mortgagee against the owner of such unit, then nei- ther the mortgagee nor the purchaser who derives title to the unit at such sale, or his successors or assigns shall be liable for assessments by the Association which became due prior to the requisition of title by such acquirer, it being understood however that the above shall not be construed to prevent the Association of Apartment Owners and Parksyde Homes Association a maintenance company from filing and claiming charges for such assessments and enforcing the same as provided by law and that such charges shall be subordinate to such mortgage. 27. That in a voluntary or involuntary conveyance of a unit the grantee of the unit shall be jointly and severally liable with such grantor for all unpaid assessments by the Association of Apartment Owners and a maintenance company against the latter for his share of the common expenses upto the grant or conveyance without preju- dice to the grantee’s right to recover from such grantor the amounts paid, if any, by the grantee, therefore. However, any such grantee shall be entitled to a statement from the Manager of Board of Manag- ers of the Association as the case may be, setting forth the amount of the unpaid assessment against the grantor due to the Association and such grantee shall not be liable for, nor shall the unit conveyed be subject to a charge for any unpaid assessment made by the Associa- tion of Apartment Owners and a Parksyde Homes Association a main- tenance company against the grantor in excess of the amount therein set forth. 28. That the Manager of Board of Managers of the Association may obtain and continue in effect blanket property insurance in from and amounts satisfactory to mortgagees holding first mortgages cover- ing Units but without prejudice to the right of the Owner of a Unit to obtain individual unit insurance. 29. That insurance premium for any blanket insurance coverage (if any) shall be a common expenses to be paid by monthly assessments levied by the Association of Apartment Owners and that such pay- (38) ment shall be held in a separate account of the Association and used solely for the payment of the blanket insurance premium as such pre- mia become due. IN WITNESS WHEREOF THE GRANTOR ABOVENAMED HAVE SET AND SUBSCRIBED THEIR RESPECTIVE HANDS ON THE 9th DAY OF May, 2018. SIGNED AND DELIVERED by the within-named SIGNED, SEALED AND DELIVERED BY THE WITHINNAMED ‘Land Owner / Promoter / Developer 1. M/S. JAIKUMAR CONSTRUCTIONS L. L. P., a Limited Liability Partnership Firm through its Partner Shri. Hiten Haridas Rajkotia 2. Mr. Sanjaykumar Kondiram Dhakane 3. M/s. Saunrise Developers through its Partner Mr. Nagindas Zaverchand Mehta Sr. No. 1 for themselves and General Power of Attorney Holder of Sr. No. 2 & 3 ________________ THE GRANTOR/S in the presence of : 1. ______________ 2.______________ l) After obtaining completion certificate, it will be the sole responsibility of Association of Parksyde Homes Phase-I Apartment and its member to renew all licenses, approv- als from competent authority. (39) EXHIBIT - “B” BYE-LAWS OF PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM CHAPTER - I 1. SHORT TITLE AND APPLICATION : [a] These Bye-Laws may be called the Bye-laws of the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM. [b] The provision of these Bye - laws apply to the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM. All present or future owners, tenants, future tenants or their employees, or any other person that might use the facilities of the building in any manner, are subject to the regulations set forth in these Bye-laws. The mere acquisition or rental or taking or license of any of the units (hereinafter referred to as “UNITS OR APARTMENT”) of the building or mere act of occupancy of any of the said units will signify that these Bye-laws are accepted ratified and will be complied with. 2. DEFINITIONS : In these bye-laws unless the context required otherwise- [a] “ACT” means the Maharashtra Apartment Ownership Act, 1970. [b] “ASSOCIATION” means the Association of all the Apartment owners constituted by such owner for the purpose of the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM. [c] “BOARD” means a Board of Managers consisting of three persons,all of whom shall be owners of Apartment in the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM. [d] “BUILDING” means, the building’s i.e. wing no. A, B, C, D & E from Phase-I said building’s located at southern larger part on builtup area of 24995.78 Sq. Mtr. and covering ground / plinth area of 1543.04 Sq. Mtr. situated on Group Housing layout of S. No.256/2 to 6/6 + 256/2 to 6/8 (P) + 256/2 to 6/1 + Plot No. 1 to 8 out of Survey No 256/7 + 257/1A + 257/1B + 257/1C + 257/1D + 257/1J + 257/2A/1 (P) + 257/2B (P) and as per D. I. L.R. S.No.256/2 to 6/6 + 256/2 to 6/8 (P) + 256/2 to 6/1 + Plot No. 1 to 8 out of S. No. 256/7 + 257A/9 + 257A/11 + 257A/12 at Nashik, Taluka and (40) District Nashik known as the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM. Phase I is registered vide Reg. No. P51600002640 with real estate regulation authority. [e] “DECLARATION” means the Declaration which the sole owner of the building or all the owners of the building have executed and registered as provided in Section 2 of the Act. [f] “FEDERATION” means an appex body to act as a governing body to all associations within the lay-out project and to hold title of the project land along with common spaces, amentities and facilities provided in the whole project. [g] “MAJORITY OF OWNERS” means those owners holding 51 percent of the votes in accordance with the percentages assigned in the Declaration. [h] “OWNER” or “APARTMENT OWNER” means the person owning an apartment in the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM. [i] “SECTION” means a Section of the Act. [j] “UNIT” means a family unit, commercial unit or any other unit in the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM. [k] “REGISTRAR” means the Registrar of Co-operative Societies. 3. APARTMENT OWNERSHIP : The building’s i.e. wing no. A, B, C, D & E from Phase-I located at southern larger part of Group Housing layout of S. No.256/2 to 6/6 + 256/2 to 6/8 (P) + 256/2 to 6/1 + Plot No. 1 to 8 out of Survey No 256/7 + 257/1A + 257/1B + 257/1C + 257/1D + 257/1J + 257/2A/1 (P) + 257/2B (P) and as per D. I. L.R. S.No.256/ 2 to 6/6 + 256/2 to 6/8 (P) + 256/2 to 6/1 + Plot No. 1 to 8 out of S. No. 256/7 + 257A/9 + 257A/11 + 257A/12at Nashik, in Registration, Sub- District, Taluka and District Nashik, known as PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM is submitted to the provisions of the Act. 4. OBJECTS OF ASSOCIATION : 1. The objects of the Association shall be : [a] to be and to act as the Association of Apartment owners of the buildings called PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM at the location stated in Para No.3 above (hereinafter called the said building). [b] to provide for and do all or any of the matter provided in Sub- section (2) of Section 16; [c] to frame rules, with the approval of the general meeting of the (41) Association and after consulting the competent authority and may establish a provident fund and gratuity fund, if necessary, for the benefit of the employees of the Association. [d] to do all things necessary or/and otherwise provide for their welfare expedient for the attainment of the objects specified in these bye-laws. [e] To act as a member of federation along with all other associations within the lay-out project. The federation would be ultimate title holder of all the project land including common area, amenities and facilities, underneath plinth land area of each and every wing / building. [f] To assist a separate legal entity incorporated in the name Parksyde Homes association u/s 8 of the companies act to achieve objects prescribed in memorandum. The non profit company is incorporated and empowered with objects including, to provide for the maintenance, repair and replacement of the common areas and facilities by contributions from the apartment owners, to invest or deposit moneys, to establish and carry on, on its own account or jointly with individuals or institutions educational, physical, social and re-creative activities, on non commercial basis for the benefit of the Apartment owners etc. The Non profit company has own set of rules & regulations prescribed under its Memorandum and articles of association. (Copy attached hereby) In case of any conflict between association and non profit company, towards achievement of respective objects, authority of the executive committee of non profit company would be final and binding on association. 2. The Association shall not act beyond the scope of its objects without duly amending the provisions of these bye-laws for the purpose. 5. MEMBERS OF ASSOCIATION : [i] All the person who have purchased apartments in the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM shall automatically be the members of the Association, and shall pay the sum of one rupee as entrance fee and may purchase at least one share of the face value of Rs.100/- each. Each Apartment Owner shall receive a copy of the bye-laws on payment of necessary expenditure therefore. [ii] Upon any apartment owner selling his apartment or absolutely (42) conveying the same by way of gift under his will or otherwise, the purchaser or donee shall automatically become a member of the Association, and shall be admitted as member on the payment of the entrance fee of one rupee. The shares held by an Apartment owner shall be transferred to the name of such purchaser or donee on payment of rupee one, to the Association. [iii] On the death of an apartment owner, his apartment shall be transferred to the person or persons to whom he bequeaths the same by his will or to the legal representatives/successor of his estate declared by a court or an order of court, in case he has not made any specific bequest of the apartment. The name of the legatee or the names of the legal representatives/successors jointly shall be entered in the register of apartment owners maintained by the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM as apartment owner or joint apartment owners. Where any legatee is a minor, the apartment owners shall be entitled to appoint a guardian of such minor. 6. JOINT APARTMENT OWNERS: Where an apartment has been purchased by two or more person jointly, they shall be jointly entitled to the apartment and the share of the Association shall be issued in their joint names, but the person whose name stands first in the share certificate shall alone have the right to vote. 7. HOLDING OF ONE SHARE COMPULSORY: Every apartment owner must hold at least one share of the Association (Joint Apartment owners holding the share jointly). 8. DISQUALIFICATIONS: No Apartment owners shall be entitled to vote on the questions of the election of members of the Board or be entitled to stand for election to such office if he/she/they is/are in arrears of any sum in respect of his contributions for common expenses to the Association for more than 60 days on the last day of the year proceeding the year in which the elections to the Board will take place. No Apartment owners shall be entitled to vote on the questions of the election of members of the Board or be entitled to stand for election to such office if there will be any criminal action or criminal case will filed against unit / apartment owner or holder or if he/she/ they is/are involve in any criminal activity shall cease to be a member/s of the Board or any other office bearer. (43) CHAPTER - II VOTING AND PROXIES 9. VOTING: Voting shall be by ballot or electronic mail, on a percentage basis and the percentage of the vote to which the owner is entitled is the percentage assigned to the unit or units in the Declaration. 10. VOTES TO BE CAST IN PERSON/POWER OF ATTORNEY HOLDER/PROXY :Votes shall be cast in person or by holder of the Power of Attorney or by Proxy. The votes cast by the holder of Power of Attorney shall be deemed to be the vote cast by the owner. The expression ‘owner’ shall be deemed to include holder of Power of Attorney from the owner. CHAPTER - III ADMINISTRATION 11. POWERS AND DUTIES OF ASSOCIATION : The Association will have the responsibility to act “Association of apartment owners “for PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM, to assist Parksyde homes association (a non profit making company) in approving the annual budget, establishing and collecting monthly assessment and arranging for the management of the Condominium etc. in an efficient manner and any other matter for accomplishment of objective of the association. Except as otherwise provided, resolutions of the Association shall require approval by a majority of owners casting votes in persons. The association would also act as a member of federation, to be formed in future, of all other associations formed for different phases of the project. The federation would act as a head of all other associations. 12. ANNUAL GENERAL MEETING : The first annual meeting of the Association shall be held on or before 30/06/2018. Thereafter the annual meeting of the Association shall be held in the month of Three months from the end of every financial year, in each succeeding year. 13. PLACE OF MEETINGS: Meeting of the Association shall be held at suitable place convenient to the owners as may from time to time be designated by the Association. 14. QUORUM: For every Annual general meeting majority of (44) members should be present to transact any business. 15. AGENDA : Following shall be fixed agenda of every general meeting. However, any motion moved by Board members or members and accepted by the chairman could be included, 1. Retirement of outgoing board members and appointment of new members of the board, by conducting elections. 2. The sitting fees for every meeting of the members of the board, if any, will be decided in each annual general meeting of owners. 16. NOTICE OF MEETING : It shall be duty of the member of the board to mail or send a notice of each annual meeting called by his office, stating the purpose thereof as well as the time and place where it is to be held, to each apartment owner, at least 2 but not more than 7 days prior to such meeting. The mailing or sending of a notice in the manner provided in the Bye-laws shall be considered notice served. Notices of all meetings shall be mailed or sent to the Housing Commissioner, or as the case may be, to the Registrar. 17. ADJOURNED MEETINGS: If any meeting of owners cannot be organised because the quorum has not been attended, the owners who are present, may adjourn the meeting to a time not less than two hours from the time of the original meeting was called. If at such adjourned meeting also no quorum is attended the owners present in person being not less than two shall form a quorum. 18. ORDER OF BUSINESS: The order of business at all meetings of the owners of units shall be as follows : a] Roll Call. b] Proof of notice of meeting or waiver of notice. c] Reading of minutes of preceding meeting. d] Election of Board of Members(if necessary) g] Unfinished Business, if any h] New Business. CHAPTER - IV BOARD OF MEMBERS 19. MANAGEMENT OF ASSOCIATION: The affairs of the Association shall be governed by the Board of Members consisting of 10 members. Any of the wing/individual BUILDING could not be (45) represented by not more or less than 2 members individually. The above mentioned members would also become de-facto members of Governing body of Parksyde homes association, a non profit company as mentioned above. They will have all such powers and would abide by all such duties as elaborated in Memorandum & Articles of association of the company (Also attached herewith) 20. POWERS AND DUTIES OF BOARD: the Board of Members shall have the powers and duties necessary for the administration of the affairs of the Association, and may do all such acts and things as are by law or by these bye-laws directed to be exercised and done by the owners. 21. ELECTION AND TERM OF OFFICE: At the first annual meeting of the Association, the term of office of all members of board shall be fixed for one year. At the expiration of the term of office of each respective members of board, his successor shall be elected to serve a term of one year. The election will be conducted by independent statutory auditor/legal advisor of the association, and his/her compliance certificate act as a conclusive evidence about such election. 22. VACANCIES: Vacancies in the Board of Members caused by disqualification or any reason other than the removal of a members of board by a vote of the Association shall be filled by vote of the majority of the remaining members of board, even though they may constitute less than a quorum, and each person so elected shall be members of board until a successor is elected at the next meeting of the Association. 23. REMOVAL OF MEMBERS: At any regular or special meeting duly called any one or more of the members of board may be removed with or without cause by a majority of the apartment owners and a successor may then and there be elected to fill the vacancy thus created. Any members of board whose removal has been proposed by the Owners shall be given an opportunity to be heard at the meeting. 24. ORGANISATION MEETING: The first meeting of a newly elected members of board shall be held within ten days of election at such place as shall be fixed by the members of board at the meeting at which such members of board were elected and no notice shall be necessary to the newly elected members of board, in order to, legally (46) to constitute such meeting, provided a majority of the whole Board shall be present. 25. REGULAR MEETINGS: Regular meetings of the members of board may be held at such time and place as shall be determined, from time to time, by a majority members of board but at least, two such meetings shall be held during each year. Notice of regular meetings of the Board of Members shall be given to each Member, personally or by mail, or telegraph, at least three days prior to the day named for such meetings. 26. WAIVER OF NOTICE: Before or at any meeting of the Board of Members any member, may in writing, waive notice of such meeting, and such waiver shall be deemed equivalent to the giving of such notice. Attendance by a members at any meeting of the Board of Members shall be waiver of notice by him of the time and place thereof. If all the members are present at any meeting of the Board, no notice shall be required and any business may be transacted at such meeting. 27. QUORUM: At all meetings of the members of board, Majority members on behalf of the total strength of the members shall constitute a quorum for the transaction of the business, and the acts of the members present at a meeting at which a quorum is present shall be the acts of the members of board. If, at any meeting of the Board of Members, there be less than quorum present, the majority of those present may adjourn the meeting from time to time. At any such adjourned meeting, any business which might have been transacted at the meeting as originally called, may be transacted without further notice, provided there is a quorum present. CHAPTER - V 28. USE OF UNITS : INTERNAL CHANGES: 1. All units shall be utilised for the residential purpose only. 2. All Occupants / Any Occupant shall not carry out any structural modifications or alterations in his/her/their unit or installations located therein without previously notifying the Association in writing, through the of the Board, if no manager is employed. The Association shall have the obligation to answer within thirty days and failure to do so within the stipulated time shall mean that there is no objection to the proposed modification, (47) alterations, installation. 29. TRANSFER FEE : In case of sale of any unit the Transferee shall be liable to pay to the Company (Parksyde homes association)fee of Rs.15,000/- (Rs. Fifteen Thousand only). This amount can be changed with an approval of owners representing 51% of total value/shares of all units in the Association. 30. USE OF COMMON AREAS AND FACILITIES AND RESTRICTED COMMON AREAS AND FACILITIES : An owner shall not place or cause to be placed in the lobbies, vestibules, stairways, elevators and other area of PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM and facilities of a similar nature both common and restricted, any furniture, packages or objects of any kind, such areas shall be used for no other purpose than for normal transit through them. 31. RIGHT OF ENTRY: 1. An owner shall grant the right of entry to the Manager or to any other person authorised by the Board of the Association in case of any emergency originating in or threatening his unit or any other unit whether the owner is present at that time or not. 2. An owner shall permit other owners, or their representatives, when so required, to enter his unit for the purpose of performing installations, alterations or repairs to the mechanical or electrical services, provided that request for entry are made in advance and that such entry is at a time convenient to the owner. In case of any emergency such right of entry shall be effective immediately. 32. RULES OF CONDUCT: 1. No Apartment/unit owner of the PARKSYDE HOMES PHASE- I APARTMENT CONDOMINIUM shall post any advertisement or posters of any kind in or on the building except as authorised by the Association. 2. Owners shall exercise extreme care about making noises or the use of musical instruments, radio, television and amplifiers, vehicles or any other kind of nuisance that may disturb others. Owners keeping animals shall abide by the municipal sanitary bye-laws or regulations. 3. It is prohibited to hang garments, rugs etc. from the windows, balconies, or from any of the facades of the PARKSYDE HOMES (48) PHASE-I APARTMENT CONDOMINIUM. 4. It is prohibited to dust rugs, etc. from the windows, or to clean rugs, etc. by beating on the exterior part of said Condominium. 5. It is prohibited to throw garbage or trash outside the disposal installations provided for such purposes in the service area. If such installation is not provided, all garbage or trash shall be collected in a vessel and thrown in the municipal dust bin. 6. No owner, licensee, occupant or lessee shall install wiring for electrical or telephone installation, television, antenna, machines or air-conditioning units, etc. in the interior of the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM or protruding through the walls or the roof of that Condominium except as authorised by the Association. 7. The units in said building are meant for use of permitted purpose only and for occupation of the unit holders and their lawful nominee alone and in no case the said units or any part thereof shall be used for any purpose not permitted by law. It is also declared that in case the Unit holders do not require the unit for his/ their personal use and occupation then he/ they may allow the Unit to be used by such occupier by way of lease or license, having a prudent family and in no case the unit shall be allowed to be occupied as a guest house or transient accommodation. 8. All these rules of conduct should be read with agreement of sale entered individually with every member. CHAPTER -VII MORTGAGES 33. NOTICE TO ASSOCIATION: An owner who mortgages his unit, shall immediately thereafter notify in writing to the Association through the Members of the Board in the event there is no Members, the name and address of his mortgagee, and the Association shall maintain such information in a book entitled “Mortgagees of Units”. 34. NOTICE OF UNPAID ASSESSMENTS: The Association shall at the request of a mortgagee of a unit report any unpaid assessment due from the owner of such unit. CHAPTER - VIII COMPLIANCE 35. COMPLIANCE : These bye-laws are set forth to comply with (49) the requirements of the Maharashtra Apartment Ownership Act, 1970. In case, any of these bye-laws conflict with the provisions of the said Act, it is hereby agreed and accepted that the provisions of the Act shall prevail. 36. SEAL OF THE ASSOCIATION: The Association shall have a common seal which shall be in the custody of the member and shall be used only under the authority of a resolution of the Board of Members and every deed of instrument to which the seal is affixed shall be attested for or on behalf of the Association by the members of the Board or any other person authorised by the Association in that behalf. CHAPTER - IX AMENDMENTS TO PLAN OF APARTMENT OWNERSHIP 37. AMENDMENT OF BYE-LAWS : These bye-laws may be amended by the Association in a duly constituted meeting for such purpose and no amendment shall take effect unless approved by owners, by way of ballot or electronic mail representing at least 67 percent of the total value/share of all units in the PARKSYDE HOMES PHASE-I APARTMENT CONDOMINIUM as shown in the Declaration. ********** (50) EXHIBIT - “C-1” FORM NO. INC-13 MEMORANDUM OF ASSOCIATION OF PARKSYDE HOMES ASSOCIATION (Pursuant to rule 19(2) of the Companies (Incorporation) Rules, 2014) (MEMORANDUM OF ASSOCIATION OF A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL REGISTERED UNDER SECTION 8 OF THE COMPANIES ACT, 2013) I. The name of the company is ‘‘PARKSYDE HOMES ASSOCIATION’’. II. The registered office of the company will be situated in the State of Maharashtra under the jurisdiction of the Registrar of Companies, Maharashtra at Mumbai. III. (a) The objects to be pursued by the company on its incorporation are:— 1. To administer and maintain , each and every building/wing along with common area and facilities along with project land of a layout project named “Parksyde homes”, promoted by Jaikumar Constructions LLP. 2. To undertake, control, administer, run, manage, ensure maintenance and/or to provide the common services in the said premises including internal security, housekeeping, pest control, electric supply, water supply, lighting in common parts and portions, maintenance and operation of lifts, generators, pumps, water filter and intercom, fire fighting, drainage, waste management, driveway management, and/or to provide all other social welfare activities for the common people of the project. 3. To hold any events, get together or other meetings for recreation, entertainment, education, promotion or educational or intellectual enrichment of all Building Owners/ societies and their families, friends or relatives. 4. To accept monthly/one-time deposits from resident associations (51) and invest same with any nationalized/scheduled bank. To utilize such deposits or interest on deposits towards achievement of objectives of association. No object of the Company shall be carried on without the permission of Competent authority and the object of the company is to achieve the aforesaid objects and ultimately not for commercial purpose. (b) The objects incidental or ancillary to attainment of the aforesaid objects are: 1. To maintain and improve the amenities and facilities provided for occupation of the said premises. 2. To take up control, maintenance and administration of the roads, water tanks, parking space, staircase and common places. 3. To frame rules and regulations regarding the use of various portions of the building and its installations 4. To organize and/ or arrange welfare activities such as sports, pujas, social and cultural activities and other functions from time to time which may be necessary or be deemed necessary by the community for life infusion of knowledge, development of civic sense and health and also other activities which are necessary or deemed necessary for community living and harmony. 5. To employ such staffs and/or such professional advisers as the committee may deem necessary for satisfactorily carrying out the functions and objects of the Company. 6. To employ, pay and maintain darwaans, security guards, staff(s), other person(s) and/or organisations for proper maintenance and administration of the premises. 7. To collect and realize from each and every Member of the Company or their Nominees and Occupiers of Units of the building, the proportionate charges for maintenance, improvements, sinking fund, development fund, management and/or administration of the building, its common parts and portions of the building. 8. To realize, collect and accept proportionate payment from each and every Member for charges of the electricity consumed by the Company for the common places and services. (52) 9. To realize, collect and accept payment from each and every Member, other than the Members who are directly registered with Nashik Municipal Corporation and are paying all money payable directly to the Nashik Municipal Corporation, the proportionate rate of taxes payable to the Nashik Municipal Corporation and/or any other authorities, of Owners’ share and to pay the rates and taxes of both Nashik Municipal Corporation and/or any other authorities. 10. To pay all other outgoings that may be required to pay in respect of the said premises and to receive, accept, realize and collect the proportionate amount from Members, Owners and Occupiers of the Unit in the Building. 11. To employ solicitors, advocates, contractors, surveyors, architect and such other persons as may be deemed fit and proper by the Company and to pay their charges including legal charges out of the common fund of the Company. 12. To open current account in India with any bank to draw and endorse cheques, pay slips, telegraphic transfers and to withdraw moneys from such account and otherwise to operate thereon. 13. To invest the surplus funds of the company not immediately required in fixed deposit with any nationalized or scheduled commercial bank only in the best interest of the Company and for furtherance of the object of the Company. 14. To pay all costs, charges and expenses preliminary and incidental to the promotion, incorporation, formation and registration of the company. 15. To refer to or agree to refer any claims, demands or disputes arising out of any contract or otherwise or any other question involving the company or in which the company is interested or concerned, and whether between the company and the member or members or his heirs, executors, administrators or representatives or anybody claiming under such member or between the company and third parties to arbitration and to account or reject any awards given under such references. 16. To do all other things as may be conductive to the furtherance or incidental to the attainment of the main object of the Company. (53) 17. To apply for and obtain any certificates entitling the Company to any tax benefits or exemptions or any other benefits in relation to payment of any fiscal or governmental levies and duties. To do all such acts and things as may be incidental to or connected with the attainment of any of the above-mentioned objectives. IV. The objects of the company extend to the whole of India. V. 1. Any income and property of the company, when so ever derived, shall be applied, solely for the promotion of its objects as set forth in this memorandum. 2. No portion of the profits, other income or property aforesaid shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise by way of profit, to persons who, at any time are, or have been, members of the company or to any one or more of them or to any persons claiming through any one or more of them. 3. No remuneration or other benefit in money or money’s worth shall be given by the company to any of its members, whether officers or members of the company or not, except payment of out-of-pocket expenses, reasonable and proper interest on money lent, or reasonable and proper rent on premises let to the company. 4. Nothing in this clause shall prevent the payment by the company in good faith of prudent remuneration to any of its officers or servants (not being members) or to any other person (not being member), in return for any services actually rendered to the company. 5. Nothing in clauses (iii) and (iv) shall prevent the payment by the company in good faith of prudent remuneration to any of its members in return for any services (not being services of a kind which are required to be rendered by a member), actually rendered to the company; VI. No alteration shall be made to this memorandum of association or to the articles of association of the company which are for the time being in force, unless the alteration has been previously (54) submitted to and approved by the Registrar of Companies, Maharashtra, Mumbai. VII. The liability of the members is limited. VIII.Each member, undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year afterwards, for payment of the debts or liabilities of the company contracted before he ceases to be a member and to the costs, charges and expenses of winding up(and for adjustment of the rights of the contributories among themselves), such amount as may be required, not exceeding a sum of Rs. 5,000/- (Rupees Five Thousand Rupees). IX. True accounts shall be kept of all sums of money received and expended by the company and the matters in respect of which such receipts and expenditure take place, and of the property, credits and liabilities of the company; and, subject to any reasonable restrictions as to the time and manner of inspecting the same that may be imposed in accordance with the regulations of the company for the time being in force, the accounts shall be open to the inspection of the members. Once at least in every year, the accounts of the company shall be examined and the correctness of the balance-sheet and the income and expenditure account ascertained by one or more properly qualified auditor or auditors. X. If upon a winding up or dissolution of the company, there remains, after the satisfaction of all the debts and liabilities, any property whatsoever, the same not be distributed amongst the members of the company. XI. The Company can be amalgamated only with another company registered under section 8 of the Act and having similar objects. ************** (55) EXHIBIT - “C-2” ARTICLES OF ASSOCIATION OF PARKSYDE HOMES ASSOCIATION (ARTICLES OF ASSOCIATION OF A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL REGISTERED UNDER SECTION 8 OF THE COMPANIES ACT, 2013) Preliminary 1. In the Interpretation of these Articles viz. Clause No 4, 5, 6, 7, 8, 9 (Sub Clause), 18, 27, 36, 37, 38, 39, 40, 41, 48, 76, 80, 81, 82, 83, 84, 85, 86, 87, 88 of Table F be excluded in Articles of Association. Interpretation 2. In these regulations— (a) “the Act” means the Companies Act 2013, (b) “the seal” means the common seal of the company. (c) Association means any/every such association formed for each phase of project, acting as a apartment owners group in accordance with the bye laws and declaration made. (d) Board of Directors or Board shall mean the Executive Committee. (e) Building / wing means all that known as “Parksyde Homes” including structures or any other right or interest in the said Building/wing. (f) Common Area shall include each of the following: i. the land on which the building is located, including foundations, columns, girders, beams, supports, etc; ii. main walls, roofs, halls, corridors, lobbies, stairs, etc; iii. open areas, driveways and visitors car parking, etc; iv. stairways, terrace, compound walls, fire escapes, wells, sumps, entrances, exits, gardens, parking areas, storage spaces, premises for lodging of caretakers or persons employed for maintenance of property; v. water supply, sewerage and drainage connections, installation of central services such as power, light, gas, hot and cold water provisions, heating, refrigeration, air conditioning, incineration, elevators, tanks, pumps, (56) motors, common amenities like fans, compressors, ducts and others of common use, fire detection and all other utilities meant for common use. (g) Common Expenses shall mean expenses of administration, maintenance, repair or replacement of Common Areas and facilities; all legal expenses incurred by the Company for enforcement of lawful claims of the Unit Owners; expenses allocated as such by the bye laws or by statute; expenses incurred by the Company in general interest of its Members. (h) Company means “Parksyde Homes Association” a private company within a meaning of Section2(68) of the Act. (i) Director shall mean a member of the Executive Committee. (j) Executive Committee means the Executive Committee of the Company formed for the time being and constituted as per the provisions of the Articles. The Executive Committee shall be deemed to be the Board of Directors of the Company and the members of such Committee shall be deemed to be the Director of the Company for the purposes of the Act. Subscribers of the memorandum will be members of the executive committee, till occupancy certificate for last building/wing of the layout project Parksyde Homes is obtained from competent authority. The details of layout project are as defined with Real Estate (Regulation and development) authority. (k) Federation means an apex body to act as a governing body to all associations within the lay-out project and to hold title of the project land along with common spaces, amenities and facilities provided in the whole project. (l) Member means member of the Company for the time being, whose name shall have been duly entered in Register of Members and shall include (a) the subscribers/signatories to the Memorandum of Association and these Articles, and such other Person, as the Board shall admit as members of the Company from time to time. (m) Member’s Dues shall mean a member’s dues to the company, and shall include the following sums due and not paid by the member to the company: i. Any unpaid Subscription Fee ii. Any unpaid maintenance charges iii. Any unpaid electricity charges iv. Any contribution towards capital maintenance fund, sinking fund, or any fund maintained by the company v. Any other dues of Member demanded by the Company; (57) vi. Any Overdue Interest (n) Nominee means any person duly nominated by the Owner to act on his behalf in terms of these Articles. (o) Office means the Registered Office for the time being of the Company. (p) Overdue Interest shall mean outstanding interest on the unpaid Subscription Fee and/or any other sum payable by a Member to the Company. (q) Owner(s) means any person who is the Owner or reputed owner of a Unit in Building, or who is entitled to be as Owner for municipal registry purposes, whether or not the conveyance of the Unit has been completed; provided that: a. The Executive Committee shall rely on Ownership Documents as evidence of ownership; b. In case of the death or incapacity of an Owner, the legal heirs, successors or assignees of such Owner on production of such evidence as may be considered by the Executive Committee as sufficient shall be entitled to be recognized as Owner of such Unit as was owned by the deceased or incapacitated Owner; c. The decision of the Executive Committee as to whether a person is Owner of a Unit for the purposes of recognition as Member shall be final. (r) Ownership Document shall include any conveyance deed, agreement of purchase, agreement to convey, succession certificate, court order, court decree or such other document as may be considered appropriate by the Executive Committee to evidence the ownership or reputed ownership of a Unit. (s) Person means i) an individual ii) a Hindu undivided family (HUF) iii) a body corporate iv) a local authority v) every juridical person recognized by law for holding property. (t) Premises include Building/s and all that is included within the precincts of Building/s, including Common Area, facilities, land area, open space or any other right or benefit arising out of Building. (u) President, Secretary, Treasurer means the respective Honorary office bearers of the Company (58) (v) Registered Office means the office of the company situated at Project location. (w) Subscription Fee shall mean and include: i. such periodic fee, per Unit owned by a Member on such frequency, as may be fixed by the Executive Committee from time to time; ii. maintenance charges based on per square feet of a area owned by a Member, or such other basis, at such rate and on such frequency as may be fixed by the Executive Committee from time to time; iii. costs towards electricity, security or other costs and charges, based on actual usage, or on per square feet of area owned by a Member, or such other basis, at such rate and on such frequency as may be fixed by the Executive Committee from time to time.; (x) Unit shall mean a standard unit as per the transaction documents executed by the property developer on each of the floors. (y) In Writing and Written includes printing, lithography and other modes of representing or reproducing words in visible forms by electronic means, emails, fax etc. (z) Words importing the singular number include the plural number and vice versa. (z1)Words importing the masculine gender include the feminine gender. 3. Unless the context otherwise requires, words or expressions contained in these regulations shall bear the same meaning as in the Act or any statutory modification thereof in force at the date at which these regulations become binding on the company. Members 4. The number of members with which the company proposes to be registered is three, but the Board of directors may, from time to time, whenever the company or the business of the company requires it, register an increase of members. 5. The subscribers to the memorandum and such other person as the Board shall admit to the membership shall be members of the company 6. Subject to provisions hereof, a person owning a Unit in the (59) Building shall be eligible to be a Nominal Member of the Company. A person so eligible to become Nominal Member shall apply in writing, in a requisite form, to the Executive Committee for registration as Nominal Member, along with the requisite amount towards application money as provided herein. The Owner can nominate one person as Nominees and appointment of such Nominees is required to be communicated in writing to the Executive Committee. Such nominated persons shall be eligible to represent the Nominal Member of the Company, and shall be entitled to exercise the same rights and powers including the right to vote by proxy on behalf of such Nominal Member. In case both the Nominees are present in any meeting, then they shall be entitled to vote in order of priority as nominated by the Owner. 7. The Nominal Members shall have no right as regards to alteration of the Memorandum of Association or Articles of Association of the company as prescribed. Only General Members would be entitled to alter Memorandum of Association or Articles of Association of the company by passing a resolution in general meeting. 8. All the Nominal members shall automatically become eligible to become General Members of the company when the federation will form i.e. after obtaining occupancy certificate for the last building of the layout from competent authority. 9. Every general member would continue to act as a general member as long as he/she acts as a member. General meetings 10. All general meetings other than annual general meeting shall be called extraordinary general meeting. 11.(i) The Board may, whenever it thinks fit, call an extraordinary general meeting. (ii) If at any time directors capable of acting who are sufficient in number to form a quorum are not within India, any director or any two members of the company may call an extraordinary general meeting in the same manner, as nearly as possible, as that in which such a meeting may be called by the Board. Proceedings at general meetings 12. i. No business shall be transacted at any general meeting unless a quorum of members is present at the time when the meeting (60) proceeds to business. ii. To consider and adopt the balance sheet and Income and expenditure account of the company and reports of the Executive Committee and the auditors; iii. To consider and approve the reappointment of the Members of the Executive Committee iv. To reappoint the auditors of the Company and to fix the remuneration payable to them. v. The appointment/re appointment of the President, the Secretary, the Treasurer and two Members of the Executive Committee will be held in each such Annual General Meeting. However this mechanism will become effective for independent members of executive committee only after final conveyance deed for whole project as prescribed in the Real Estate Regulation and Authority Act, 2016. vi. The election of the members of Executive Committee from amongst the Members shall be done in a general meeting only by way of postal ballot electronic means in accordance with section 108. The details of such procedures will be laid down by members of executive committee, and whole process will be inspected by statutory auditor of the company. vii. A notice of a General Meeting including an Annual General Meeting stating the place, date and hour of the meeting together with a list of business to be transacted thereat, shall be sent to every Member at least twenty one clear days either in writing or via email at the registered id with the Company, before the date of the meeting and no business other than those mentioned in the notice calling the General Meeting shall be transacted at such meeting. A General meeting may also be called at shorter notice as provided under the provisions of section 171 (2) of the Act, if it is so agreed by all the members entitled to attend and vote thereat. viii. The General meeting shall be presided over by the President of the Executive Committee and in his absence by the Secretary of the Committee and in the absence of both, by a Member to be chosen by the Members of the Committee present in such meeting. ix. If at any meeting no Committee member is willing to act as Chairman or if no Committee member is present within fifteen minutes after the time appointed for holding the meeting, the Members present shall choose one of their member to be chairman of the meeting. x. All questions which may come up before any General Meeting (61) shall be decided by the majority of the Members present and voting, and in the event of equality of votes, the President or in his absence, the Members presiding shall have and exercise a second or casting vote. Voting shall be by show of hands. xi. The accidental omission to give any such notice to or the non receipt of any such notice by any of the members to whom it should be given shall not invalidate any resolution passed or proceedings held at any such meeting. xii. All General Meeting shall be called for at a time during reasonable hours and only on such day (including a holiday) as the Executive Committee may from time to time decide and shall be held either at the office/community hall of the Building or at any other place as the Board may think fit. xiii.Every member shall be entitled to nominate representative. The names of such representative shall be entered in Register maintained by the Company in order of their priority and all the representative mentioned therein will be entitled to attend meetings, but only one in order of the priority can record vote on behalf of the Members but such representative or their priority may be varied by the Members from time to time by notice in writing given to the Honorable Secretary at least seven days before the date which the alteration may be intended to make effect. 13. The chairperson, if any, of the Board shall preside as Chairperson at every general meeting of the company. 14. If there is no such Chairperson, or if he is not present within fifteen minutes after the time appointed for holding the meeting, or is unwilling to act as chairperson of the meeting, the directors present shall elect one of their members to be Chairperson of the meeting. 15. If at any meeting no director is willing to act as Chairperson or if no director is present within fifteen minutes after the time appointed for holding the meeting, the members present shall choose one of their members to be Chairperson of the meeting. Quorum 16. Save as herein otherwise provided, 51% of total members or members holding 51% voting rights whichever is lower, present in person or by proxy, shall be a quorum for the general meeting. i. If within half an hour from the time appointed for the meeting there is no quorum, the meeting shall stand adjourned ordinarily (62) to the same day on the next week to be held at the same place and time and the fact of the adjournment shall be notified at the office of the Company or at any other conspicuous place within the compound of the Premises. Provided that no quorum shall be necessary at an adjourned meeting and the members present at such adjourned meeting shall be the quorum. ii. No member shall be entitled to vote at any General Meeting nor shall his presence be counted for the purpose of quorum in the meeting unless all sums payable by him/to the Company have been paid upto the previous billing period. Adjournment of meeting 17. (i) The Chairperson may, with the consent of any meeting at which a quorum is present, and shall, if so directed by the meeting, adjourn the meeting from time to time and from place to place. (ii) No business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place. (iii) When a meeting is adjourned for thirty days or more, notice of the adjourned meeting shall be given as in the case of an original meeting. (iv) Save as aforesaid, and as provided in section 103 of the Act, it shall not be necessary to give any notice of an adjournment or of the business to be transacted at an adjourned meeting. Voting rights 18. Every member shall have one vote. 19. A member of unsound mind, or in respect of whom an order has been made by any Court having jurisdiction in lunacy, may vote, whether on a show of hands or on a poll, by his committee or other legal guardian, and any such committee or guardian may, on a poll, vote by proxy. 20. No member shall be entitled to vote at any general meeting unless all sums presently payable by him to the company have been paid. 21. (i) No objection shall be raised to the qualification of any voter except at the meeting or adjourned meeting at which the vote objected to is given or tendered, and every vote not disallowed at such meeting shall be valid for all purposes. (ii) Any such objection made in due time shall be referred to the Chairman of the meeting, whose decision shall be final and (63) conclusive. 22. A vote given in accordance with the terms of an instrument of proxy shall be valid, notwithstanding the previous death or insanity of the principal or the revocation of the proxy or of the authority under which the proxy was executed. Provided that no intimation in writing of such death, insanity, revocation or transfer shall have been received by the company at its office before the commencement of the meeting or adjourned meeting at which the proxy is used. 23. A member may exercise his vote at a meeting by electronic means in accordance with section 108 and shall vote only once. 24. Any business other than that upon which a poll has been demanded may be proceeded with, pending the taking of the poll. Governing Body 25. All the members of the board of all associations shall collectively constitute governing body as de-facto members. All associations hereby means separate associations formed for each of the phase of the lay-out project as disclosed and registered with RERA. With the formation of each association, members representing respective association i.e. 2 members from each wing / building shall automatically become member of Governing body . Such Governing body would be comprise up to 54 members in to at the time of completion of whole layout project i.e. two member’s of board of the association from each wing/ building elected by procedure laid down in respective bye laws of the association. 26. Governing body has become effective and operative with incorporation of the company with 10 members from phase-I Gradually the number will reach total number of 54 members with completion of all phase. 27. Such elected members will be empowered to form various committees for general or specific purposes to assist it in the efficient discharge of its functions under the Act, the Articles and under any delegation made by the Executive Committee in regards to any powers and duties in any of its meetings. The sub-committees like Sports Committee, Budget Committee, Cultural Committee, Security Committee etc. shall be formed by the among governing body members. The said committees shall consist of atleast 2 members. The (64) said committees shall conduct atleast 1 meeting every month. 28. Without prejudice to and not so as to limit or restrict the general powers conferredand duties assigned by the bye laws, the Act and the Rules, it is hereby expresslydeclared that the Governing body shall have following powers and duties: a) To meet for the dispatch of the business, adjourn and otherwiseregulate its meeting, as it may think fit; b) To dispose of application for membership and to admit new memberand to suspend or expel the existing members or to impose fine on them if needed. c) To take steps for the recovery of sum due to the Company from members; d) To provide and budget money to maintain the facility, amenities and allied maintenance services and keep true and accurate accounts of all moneys received and expended; e) To budget working expenses, count the cash balances, and deal with other miscellaneous business. f) To invest and/or utilize funds and/or pay all costs, charges and expenses for the objects of the Company. g) To hear and deal with the complaints of members and to dispose them off taking proper action. h) To accept donations, gifts, subscriptions, service/maintenance charges, movable or immovable property etc. for attainment of the objects of the Company. i) To appoint Sub Committee(s), if required, with such powers and duties as may be considered necessary or expedient and within the scope of the objects of the Company. Such sub committee shall consist of atleast oneMember of the Executive Committee. j) To appoint officer/officers/workers/Members of staff at such remuneration and/or terms as it may consider expedient for the proper administration of the Company and to suspend or terminate the services of any employee as and when found necessary. k) To keep proper accounts of the Company, examine the registers and account books and get the Accounts audited by a Chartered Accountant and have the same passed in the ensuing Annual General Meeting. l) To summon Annual General Meetings and hold elections of office bearers of the Executive Committee of the Company. (65) m) To open and maintain bank account and/or accounts with any scheduled bank and/or other commercial banks in the name of the Company and such bank account and/or all accounts of the Company shall be openedby (i) President (ii) Treasurer and/or (iii) Secretary together and operated byany two of them jointly. n) To take steps legal or otherwise as the Company may be advised against defaulting member(s) or against any other person or persons as may be deemed fit by the Company; o) To enter into such agreement through member(s) so authorized and to do all such acts and things as may be necessary or proper for the due management of the affairs of the Company and for carrying out the objectives for which the Company has been established and for securing and furthering its interests subject also to the bye laws for the time being of Company; p) To do all such acts and things as are incidental to or which the Committee think conductive to the attainment of the objects of the Company or any of them; q) To make, revoke and alter from time to time and at all time to enforce such regulations, terms and conditions relating to objects of the company. r) To compound or abandon or delay to enforce any debt or demand of the society, or to institute, defend or compromise legal proceedings. However, All above rights shall be exercised with due approval and monitoring of executive committee/ directors. Executive committee/ directors will be final authority to decide all above matters presented in front of them with recommendations of governing body. Board of Directors – Executive committee 29. The number of the directors and the names of the first directors shall be determined in writing by the subscribers of the memorandum or a majority of them. The First directors of the company shall consist of: 1. Mr. MerzyanHosi Patel 2. Mr. Hiten HaridasRajkotia 3. Mr. Vipul Dileep Lathi The first directors would not be subject to retirement by rotation or removal till the time occupancy certificate of the last building/ wing of the layout is obtained by competent authority. Once first directors discontinue to hold their office of director, (66) (executive committee) members of board of federation would act as a board of directors/members of executive committee as de-facto members. The procedure for election of such members of board of federation is laid down in bye laws of the federation. The appointment of first directors is for a fixed tenure as a interim arrangement only i.e. till the completion of whole layout project. 30. If a Director, not being a member who is willing, shall be called upon to perform extra services, or to make any special exertions for any of the purposes of the Company, the Company may remunerate him by monthly payment or by a fixed sum or by a percentage of profit or otherwise and such remuneration may be either in addition to or in substitution for his share in remuneration provided for a Director (not being a member) and also pay him any costs for travelling and other incidental charges as the Company may think fit. 31. The board of directors/executive committee would consist of three members, however same would be increased to 14 members once occupancy certificate of the last building/wing of the layout is obtained by competent authority. 32. (i) The director, may be paid all travelling, hotel and other expenses properly incurred by them— (a) in attending and returning from meetings of the Board of Directors or any committee There of or general meetings of the company; or (b) in connection with the business of the company. 33. The affairs of the Company shall be administered by a body duly constituted called the Executive Committee. a) The Treasurer shall exercise general supervision over accounts and the funds of the Company and shall advise on all matters relating to financial policy and shall collect all dues on behalf of the Company and grant receipt for money receivable and the funds realised shall be deposited in Bank within a reasonable time. b) No office bearer of the Executive committee or any Sub Committee shall be elected/co opted from those Members whose voting rights are suspended. c) All office bearers and/or Members of the Executive Committee or Sub Committee, if any, shall work on honorary basis only, unless otherwise provided. d) All Members of the Executive Committee and Sub Committee/ (67) Sub Committees except subscribers to the memorandum shall retire at the Annual General Meeting of the year following their election when a new Executive Committee shall be elected. Retiring Members of the Company shall be eligible for re election/ reappointment maximum for two consecutive terms with a rest of two terms from the term in which he was appointed/re appointed or elected/re elected last. e) A casual vacancy in the office of an Executive Committee shall be filled by co opting as per the provisions of section 262 and other applicable provisions, if any of the Act, in the meeting of the Executive Committee members within 7 days from the date of vacancy and the Executive Committee member so co opted shall retire at the Annual General Meeting. f) A meeting of the Executive Committee may be called by any Member of the Executive Committee on a written request or request sent via electronic mode by giving atleast 7 prior days notice and along with its agenda. g) Provided that in case of urgency, the meeting can be called by giving a shorter notice with the approval of all the members of the Executive Committee. h) A Member of the Executive Committee including the office bearers shall cease to be a Member of the Committee, if: 1. he resigns by a letter addressed to the Secretary, or 2. he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; 3. he is an un discharged insolvent 4. he has applied to be adjudicated as an insolvent and his application is pending; 5. he has been convicted by a Court of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months, and a period of five years has not elapsed from the date of expiry of the sentence; 6. he has not paid any due in respect of the shares of the Company held by him, whether severally or jointly with others, and six months have elapsed from the last day fixed for the payment of the call; 7. he absents himself from three consecutive meetings of the Executive Committee or from all meeting of the Committee for a continuous period of three months, whichever is longer, without obtaining any leave of absence or without any reasonable ground, or (68) 8. he has not paid in full all bills of the Company for more than 45 days of receipt by him of such bills for any reason whatsoever. 9. he possesses any disqualifications as mentioned under the provisions of section 274, 283 and other applicable provisions of Companies Act, if any. i) The Executive Committee shall not have any power to take any legal action in respect of the affairs of the Company or in respect of the mentioned building/premise or to refer them to arbitration without obtaining prior permission in a General Meeting of the Company. j) The office bearers and Members of the Executive Committee may resign their office but such resignation shall be effective when the resignation is accepted at a meeting of the Executive Committee. k) The Directors/members of the executive committee shall only be responsible for attending the various meetings of the executive committee. They shall not take any active part in the day to day affairs of the company. 34. a) Meetings of the Executive Committee shall be held atleast once in every three months or earlier as may be deemed necessary for conducting of business and may be adjourned or otherwise regulated as may be thought fit and atleast four such meetings shall be held every year. b) The quorum of a meeting of the Executive Committee shall be two third or 5 Members. A meeting of the Executive Committee at which a quorum is present shall be competent to exercise any of the powers, authorities and discretions by or under these rules vested in or exercised by the Executive Committee generally. 35. It is hereby expressly declared that executive committee/direc- tors would be final authority to decide/sanction/approve each and every decision/proposal moved by governing body related any mat- ter to achieve objective of the company. Also members of executive committee shall jointly act as official signatory to all bank accounts of the company and for all other matters. (69) 36. It is hereby expressly declared that executive committee/direc- tors would be empowered to change the composition of governing body by increasing or decreasing number of members of governing body. 37. a) Executive Committee may, from time to time, constitute, if necessary, sub committee from amongst general body members and others for general or specific purposes to assist it in the efficient discharge of its functions under the Act, the Articles and under any delegation made by the Executive Committee in regards to any powers and duties in any of its meetings. The sub- committees like Sports Committee, Budget Committee, Cultural Committee, Security Committee etc. shall be formed by the Company. The said committees shall consist of atleast 2 members. The said committees shall conduct atleast 1 meeting every month. b) The reports or views of the sub committee shall be received by the Executive Committee and considered at its meeting as early as possible, for such action as may be thought fit. 38. a) The Committee Members shall cause minutes to be made in books kept for the purpose of: i. all appointments of officers, members of the committee and the sub committee made by the Committee Members; and ii. all proceedings at meetings of the Company, and of the Committee and the sub committee including the names of the Board Members present at each such meeting. b) Minutes of all meetings of Executive Committee shall be appropriately recorded in a book to be separately kept and maintained for the purpose above and for any business transacted at the meeting and shall be available for inspection by any Member after prior appointment with the Secretary and the provisions of section 163 and all other applicable provisions, if any of the Act should be applicable. 39. The funds of the Company may be raised by: a) Subscription from Members on such terms and conditions as the Executive Committee may direct from time to time. b) Receiving deposit from Members on such terms and conditions as the Executive Committee may direct from time to time. c) Obtaining grants, donations, subsidies and loans from Members, (70) Government both State and Central and other sources subject to approval of General body. d) Collecting the payment of the bill issued in the name of every member at the end of every month for Member’s Dues/Subscrip- tion fees/service/maintenance charges and/or other charges which shall be such as may be fixed by the Executive Committee from time to time and by way of subscription and such other amount as may be decided by the Executive Committee by way of maintenance/service charges for managing, maintaining and servicing the said building irrespective of whether he has actu- ally taken possession of the said units and also irrespective of whether he has or has not used his unit during that period or at all period and the same shall be payable within 14th day of the following month for which the same becomes due. Such sum may be payable after the 14th day of the next month but before issue of next bill with an interest as may be decided by the Ex- ecutive Committee. It is clarified that in case any members owns or agrees to acquire clarified that in case any members owns or agrees to acquire a unit consisting of more than one unit, he shall be liable to pay the said subscription as may be fixed by the Executive Committee from time to time. Proceedings of the Board 40.(i) The Board of Directors may meet for the conduct of business, adjourn and otherwise regulate its meetings, as it thinks fit. (ii) A director may, and the manager or secretary on the requisition of a director shall, at any time, summon a meeting of the Board. 41.(i) Save as otherwise expressly provided in the Act, questions arising at any meeting of the Board shall be decided by a majority of votes. (ii) In case of an equality of votes, the Chairperson of the Board, if any, shall have a second or casting vote. 42. The continuing directors may act not withstanding any vacancy in the Board; but, if and so long as their number is reduced below the quorum fixed by the Act for a meeting of the Board, the continuing directors or director may act for the purpose of increasing the number of directors to that fixed for the quorum, or of summoning a general meeting of the company, but for no other purpose. 43.(i) The Board may elect a Chairperson of its meetings and determine (71) the period for which he is to hold office. (ii) If no such Chairperson is elected, or if at any meeting the Chairperson is not present within five minutes after the time appointed for holding the meeting, the directors present may choose one of their members to be Chairperson of the meeting. 44.(i) The Board may, subject to the provisions of the Act, delegate any of its powers to committees consisting of such member or members of its body as it thinks fit. (ii) Any committee so formed shall, in the exercise of the powers so delegated, conform to any regulations that may be imposed on it by the Board. 45.(i) A committee may elect a Chairperson of its meetings. (ii) If no such Chairperson is elected, or if at any meeting the Chairperson is not present within five minutes after the time appointed for holding the meeting, the members present may choose one of their members to be Chairperson of the meeting. 46.(i) A committee may meet and adjourn as it thinks fit. (ii) Questions arising at any meeting of a committee shall be determined by a majority of votes of the members present, and in case of an equality of votes, the Chairperson shall have a second or casting vote. 47. All acts done in any meeting of the Board or of a committee thereof or by any person acting as a director, shall, notwithstanding that it may be afterwards discovered that there was some defect in the appointment of any one or more of such directors or of any person acting as aforesaid, or that they or any of them were disqualified, be as valid as if every such director or such person had been duly appointed and was qualified to be a director. 48. Save as otherwise expressly provided in the Act, a resolution in writing, signed by all the members of the Board or of a committee thereof, for the time being entitled to receive notice of a meeting of the Board or committee, shall be valid and effective as if it had been passed at a meeting of the Board or committee, duly convened and held. Chief Executive Officer, Manager, Company Secretary or Chief Financial Officer (72) 49. Subject to the provisions of the Act,— i. A chief executive officer, manager, company secretary or chief financial officer may be appointed by the Board for such term, at such remuneration and upon such conditions as it may thinks fit; and any chief executive officer, manager, company secretary or chief financial officer so appointed may be removed by means of a resolution of the Board; ii. A director may be appointed as chief executive officer, manager, company secretary or chief financial officer. iii. The Chief Executive Officer shall be responsible for the overall operational affairs of the company including the handling of day to day financial matters as well as decision making in terms of finance of the company. 50. A provision of the Act or these regulations requiring or authorising a thing to be done by or to a director and chief executive officer, manager, company secretary or chief financial officer shall not be satisfied by its being done by or to the same person acting both as director and as, or in place of, chief executive officer, manager, company secretary or chief financial officer. The Seal 51. (i) The Board shall provide for the safe custody of the seal. (ii) The seal of the company shall not be affixed to any instrument except by the authority of a resolution of the Board or of a committee of the Board authorised by it in that behalf, and except in the presence of at least two directors and of the secretary or such other person as the Board may appoint for the purpose; and those two directors and the secretary or other person aforesaid shall sign every instrument to which the seal of the company is so affixed in their presence. ***********