- 29- 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 modifications, alterations or installations. 42. Use of Common areas and facilities and restricted common areas and facilities. An owner shall not place or cause to be placed in the Iobiesvestibules, stairways, elevators and other areas of SHREYA HEIGHTS and facilities of a similar nature both common and restricted, any furniture, packages or obejcts of any kind such areas shall be used for no other purpose than for formal transit through them. 43. RIGHT OF ENTRY: a. 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 an emergency oraginating in or threatening his unit whether the onwer is present at the time or not b. An owner shall permit other o.vners,or their representativewhen so required to enter his unit for the purpose of performing installation, alteration or repairs to the mechanical or electrical services provided that requests for entry are made in advance and that such entry is at a time convenient to the owner. In case of an emergency, such right of entry shall be immediate. 44. RULES OF CONDUCT: 1. No resident of the SHREYA HEIGHTS shall post any advertisement or posters of any kind in or on the buildingexcept as authorisedby the association. 2. Residents shall exercise extreme care about making noises or the use of the musical instruments, redios, T.V.and amplifiers that may distrub others. Residents keeping domestic animals shall abide by the Municipal Sanitary By-laws or regulations. 3. It is prohibited to hang garments, rugs, etc. from the windows balconies or from any of the facades of the SHREYA HEIGHTS 4. It is prohibited to dust regs etc. from the windows or to clean rugs, etc. by beating of the exterior part of the said condominium. 5. It is prohibited to throw garbage or trash outside the disposal installations provided for such purposes in the service areas. if such installations is not provided all garbage or trash shall be collected in a vessel and thrown in the municipal dust bin. 6. No owner, resident or lessee shall install writing for electricai or telephone installation televison antenna, machines or air conditioning units, etc. On • -30 - ~::.( ~ ()"'\ CT~v\tl 00-~~ the exterior of the SHREYA HEIGHTS or that protrude through the walls or the roof of the condominium except as authorised by the Associations. CHAPTER - VII FUNDS AND 'THEIR INVESTMENTS 45. FUNDS Funds may be raised by the Association in all or any of the following ways namely. a. by shares. b. by contributionsand donations from the Apartments owners. c. from common profits which shall from the nucleus reserve funds. d. by raising loans, if necessary subject to such terms and approval conditions as the associations, with the approval of the Competent Authority may determine in his behalf. 46. INVESTMENT: The association may invest or deposit its funds in one or more of the following. a. In the Central Co-Op. Bank or in the State Co-Op. Bank or in any other Schedule Bank decided by the meeting. b. In any of the securities specified in Section 20 of Indian Trusts Act 1982. c. In any Co.Op. Bank other than those referred to clause (a) of this By-lswsor in any bankingcompanyapprovedfor this purpose by the association. 47. AFFILIATION: Should there by any Federation of Apartment Owners the locality in which the SHREYA HEIGHTS is situate, the asscciatlon may. after consulting the competent authority, become a member thereof any pay the sums from time to time payable to such federation under the rules thereof. 48. ACCOUNTS : 1. A Banking account shall be opened by the association into which all moneys received on behalf of the association shall be paid. provided that the Secretary,may retainin his personalcustodyan amountnot exceeding Rs. 1001- for petty expenses. All payment above Rs. 1001- shall be made I "ltf~-__ ~ -31- ~LI ?-C)~ ..../(~{?) 0) 1- -~ _ ....--... by Cheque signed by the secretary and one member of the board. 2. Each apartment owner shall have a pass book in Whichthe secretary shall enter amounts paid to be or received for his share in receipts of profits from common arrears and contributions towards common expenses and his share of assessment and other dues, if any in repect of his apartments. 3. The association shall on or before 31st July in each year publish an audited annual financial statement in respect of the common areas and facilities containing:- a. The profit and loss account. b. The receipts and expenditure of the previous financial years and c. A summary of the property and assets and liabilities of the common areas and facilities of the association giving such particulars as will disclose the general nature of his liabilities and assets and hO'....the value of fixed assets has been arrived at : 4. The audited financial statement shall be open to the inspection of any member of the association during office hours and in the office of the association and a copy thereof shall be submitted to the competent authority not later 15th August every year. 5. Every financial statement shall be accompanied by a complete list of the apartment owners. There shall also accompany the financial statement in a similar list of loanees. The financial statement shall state upto what date profits and expenses of common area are included. 49. PUBLICATION OF ACCOUNTS AND REPORTS: A copy of the last financial statement and of the report of the auditor, if any, shall be kept in a conspicuous place in the office of the assoication. 50. APPOINTMENT OF AUDITOR: The association shall appoint at its general meeting an auditor who shall audit the account of the assoication to be prepared by the board as hereinabove provided and shall examine the annual return and verify the same with accounts relating there to and shall eighter sign the same as fund by him to be correct duly vouched and in accordance with law, or specially report to the association in what respect he funds it is incorrect, unvouched or not in accordance with law. 51. POWER OF AUDITOR: The audrtorshall be entitledto call for examineany papersor documents belonging to the association relating to the common areas and facilities (including limited common areas and facilities) and common expenses and - -32 - shall make aspecial notice. CHAPTER vm MORTGAGES 52. NOTICE TO ASSOICATION : An owner who mortgages his units shan notify the associationthrough the Manager,if any or the Presidentof Board,in the event there is no manager, the name and address of his mortgagee and the association shall maintain such information in a book entitled 'Mortgages of Units'. 53. NOTICE TO UNPAID ASSESSMENTS : The assocation shall at the request of mortgagee of a unit report and unpaid assessment due from the owner of such unit. CHAPTER IX COMPLIANCE 54. COMPLIANCE: These By-laws are set forth to comply with the requirements of the Maharashatra Apartment Ownership Act 1970 in case any of these By-laws conflict with the provisions of the said Act, II is hereby agreed and accepted that provisions of the Act will apply. 55. SEAL OF THE ASSOCIATION :- The association shall have a common seal, which shall be in the custodyof the secretaryand shall be used only underthe authorityof resolution of the board and every deed of instrument to which the seal is affixed shall be attested for or on behalf of the association by two members of the board and the secretary or any other person authorised by the association in that behalf. CHAPTER X 56. AMENDMENT TO PLAN OF APARTMENT OWNERSHIP These By-laws may be amended by the associationin duly constituted meetingfor such purposeand no amendmentshall takeeffect unlessapproved by owners representingat least 75 percent of the total value of all unit holders in the SHREYA HEIGHTS as shown in the declaration. zyrr..( mr· !1'1tItUlJhl~.l5tl 61. 1'111. ~. I ~~~ ue'1~'H/~+~3/V)'t~.\DOY{ ~qmft~ ~~(~.;~~ 0654272 ,",,_ ~ l"r-Q6.2015 Dale 01 Bin. : 31).04-1984 ~ CIIAIRMAN 147816 s0Q00089167 --~ Maharas1\tra Real Estate Regulatory Authority REGISTRATION CERTIFICATE OF PRO.IECT FORM'C' '"\' [See rule 6(3» the Act to the following proJeet under project regi."aUon number: . registered oIflCe 1principal ~Ia~of business 31 rehsil: N8sh/k,j)isliict 2. This reg)o"slion Is grantod sUbject to the following condlUo1l$, namoly:- • The promoter shall eoter into an agreement for sale 1V!'th the anoHeos: The promoter shall axscete and register a oonveyaoao deed in favour of the allottee or the RssocisUoh or the I) sacnees. as Ihe esse nlsy bo, of the apartment or the common areas as per Rule 9 of Mahsrsshtra Real est<>te (Regulation and D.",,'oi>"'enl) (Registration of Real Estate Pfole<:1s,Re.g;watlon of Real ESlate AgentS, Rates of Interest and Disclosures on Webs~e) Rules, 2017. e TM promoter shall df.'pos~ se""nty percent of the amounts realised by.lhe promoter In a separate account to be maimalned 1'1a schedule bank ;0 cover the OOSlo~constructiOnand the land cost to be used onlY for that purpcee m as per sub- clause (0) of clause of sub-section (2) of seaion 4 read with Rille 5: OR That enllre of tile amounts to be ",ali •.ad hereinafter by promoter for ttl. resi estate project from lhe allot~_ from Ume 10time. shall b. deposiled ,n a separate account to be malMained In a scheduled bank to COlierthe cost of censtructlon and the land cost and shalt be used only for that purpose, silk:'; L'1eeSlimMed receivable of the project i.less than II1e estimated COSIof completion Of Ihe p That the promoter shan take all the pendjng llpprova.ls from the competenl 9uthorttieS 3. If the above mentioned conditions ere not I\Jlfiiledby the promoter, the Authorily may take necessary action against the promoter Inctudulg revoking tile registration granted hareln, as per !!teAct and the rule. and regulatrons made there under, .'~""- SigMlur ... ild Oatod; f8JOSiZOH Signature ~nd ""al of the Aulhorized Officer Pia",,: Mumb.1 Mahara$tra Reel Esu\I