{Fdfu-urFdsrgrrt @ o. s+idrilrdff, tkfu.{f,, qfir6 t fr. mqlm - qy??iqr,qqz Leeb .z-Z 4 L< DEtrD OF DECLARATION .. VASTU PARK APARTMENT " CONDOMINIUM Chunchale , S.No.63/lA PIot No. 3l+32 Total area 556.00 Square 104t6697 Yrq-ft Original/Duflicate Tuesday,August 14,20'18 ffi;i;.:39c '1 'l :43 AM Regn..39M cl-rftfi.: 12549 ft+ia: 14108/2018 .rEr+ Tra: iiqr* Eqte-smr 3t-{-6qis: ;R1a -6697-20 1 8 1 fr PA Add - g\r. -'ir-t -.m.rt;+< fr , *rit=E""""' 2) Name- o\.r1 - -..,,,\---\ Tt+ Add - U i\-nt; ,r'[- ,t-r tt .! I a\____--____ Htl' ;r€.q. 6\ \ '.;.r'" ILD PLAN g i, Xe x ]er I I "N ?ri';) i EiE.' ul,il ,AIJ AE II t E At t :55 :i I iITi .l"}l :iil; il I ;:t e I ::;6: rft' .6 t,L o 3il .. t= ?iii? ii E6:g: lt Eii!t! rl >:!lli .1. t ,it 't. I' 4l i-l * ,r_ I 4! I II ll 1' T d € r! Ll ,11!!t I lt ;il !iii'i i- i ,utl ,1 ir' ! 33 'di- ii I r! tqll til J L.nl l !t q T r! ,l ti iiS iieitil!ii d rJ r{ --,i t '1 ri ! I i ri i:ii r!l t 'i' l :!;i;r q t 9 L tirt t:t, i:i l f ri!l iri 1I ! r! Liilli ll It { I ! L__ firml a a il o or o a) o [-1, o ri tr, tr' u' I ll ll f !i Ll !l Er L lI Llr irl I t trtr E] I r!,, , f-'rr t!" L-ll I I I Du tr .'i, ii" t2 & qt Ln I ri" a l'q it& EluEl tl" t; 3 t: U l ! I I ! E tr tr tr i P l i a\ -| ,l. rl i-, ERfi.( a,ut .i e- 18 EXHIBIT - "8" BY - LAWS OF VASTU PARK APARTMENT CONDOMINIUM CHAPTER I 1. Short Title And Application - (1) These By - Laws shall be called the By LAWS Of thE VASTU PARK APARTMENT Condominlum. (2) The provislon of these By - Laws applies to the VASTU PARK APARTMENT Condominium. 9 All the present or future owner, Owners, tenants or their employees or any other person who might Use the facilities of the building in any manner, aTe subject to the regulations set forth in these By- Laws, I4ere acquisition or rental or taking of License of any of the Family Units (hereinafter referred to as "Units") of the building oT meTe act of occupancy of any of the said Units will signify that these By-Laws are accepted, ratified and shall be complied with. 2. Definition - (1) In these By - Laws, unless the context requires otherwise - a) "Act" means the lYaharashtra Apartment Ownership Act, 1970. b) "Association" means the Association of all the Apartment Owners constituted by such Owners for the purpose of adminrstration of VASTU PARK APARTMENT Condominium. f c) "Board" means a Board of l4anagers consisting of 25 persons, all of whom shall be Owners of Apartments in the VASTU PARK APARTMENT condominium. d) "Building" means the building located at Survey No.63/1/A Plot No.31 + 32 admeasuriog 556,00 Square Meters (City Survey No.2291 admeasuring 279.00 Square l,leters and City Survey No.2292 admeasurng 279.OO Square l4eters) siluated at Chunchale, and known as the VASTIJ PARK APARTMENT Condominium or any part thereof, e) "Declaration" means a declaration in which the sote Owner of the building or all the owners of the building have executed and registered, as provided in section -2, f) "plajority of Owners" means those owners' holding 51 percent of the votes in accordance with the percentage assiqned in the declaratron. 9) "Owner" or "Apartment Owner" means a person owning an Apartment rn the VASTU PARK APARTMENT Condominium. h) "Section" means a section of the Act. i) "Unit" means a family Unit in the VASTU PARK APARTMENT Condominium. *f "'l FJ \] zTa E.( Aa,eN i?. .:,1i: /-1 +o- 19 st j) "Registrar" means Co- O perative Societres (2) Words and expression used in these By- Laws in ed herein, shall have the meaning respectively assigned to them in the act. Apartment ownership - The building located at Survey 3. No.63/1/A Plot No.31 + 32 admeasuring 556.00 Square Meters (City SLrrvey No.2291 admeasuting 279.00 Square Meters and City Survey No.2292 admeasurlng 279.00 Square l4eters) situated at Chunchale, and known as tl're VASTU PARK APARTMENT Condominium Is submitted to the provision of the Act. 0 4. Objects of the Association - (1) The objed of the Assoclation shall be - a) To be and to act as lhe Association of Apartment owners of the buildrnq called VASTU PARK APARTMENT Condominium. Constructed upon survey No.63/1/A Plot No.31 + 32 admeasuring 556.00 Square Meters (City Survey No.2291 admeasuring 279.00 Square l'4eters and City SLrrvey No,2292 admeasurlng 279.00 Square 14eters) situated at Chunchale (hereinafter called as the "Said Building") who have filed their respective declarations submitting their Apartments to the provisions of the Act. b) To invest or deposits moneys; c) To provide for malntenance repair and replacement of the sald Conlmon Areas and Facrlities by contribution from the Apartment Owners and if necessary by raising loans for that purpose; 3 d) To retain and rent or license, if possible suitable portions of the common areas to outsiders for commercial purposes and to distribute the conrmon proFits left aFter deducting the common expenses amongst the Apartment Owners, as common profits or accumulate the same for buildinq up a reserve Funds. e) To provide for and do all or any of the matters provided in sub-section (2) of section 16. f) To advance with the consent of the Apartment Owners, any Short Term Loan to any emergent necessity cld to provide for repayment thereof rn lump-sum or in instellnents. s) on its own Account or jointly with individuals or institutions, Educational, Physrcal, Social, and Re-creative activities for fl]e benefit of the Apartment O'&ners. h) To frame with the approval of the General Meeting of the Association and after consulting the Competent Authority and may establish a provident Fund and Gratuity Fund, If necessary, for the benefit of the Associatioo. i) To do all things necessary or any otherwise provided for their welFare, expedient for the attainment of the objects specifled in these By- Laws. ;{WFry O cRE ( / l,r n.' I v9 20 (2) The Association shall not act beyond the scope of rtc rb amending the provision of these By- Laws for the purpose. 5. Membership of Association - (1) All persons who have purchased Apartment in VASTU PARK APARTMENT Condominium and executed their respective Declarations U/s. 5 submitting their Apartment to the provision of the Act, 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 By- Laws on payment of one R!Pee- (2) Upon any Apartment Ownea se$lEq his Apartment or absolurely cooyqyil{the a same by way of Gift under is Will or otherwise the-pur€hEser or Donee shall automatically be a member of the Association and shall be admitted as a member on 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 one Rupee to the Association, (3) On the death of an Apartment Owner hrs Apartment shall be transferred to the person or persons to whom he has bequeathed the same by his will or to the Legal representatives of hls estate and in case he has not made any specific bequest of the Apartment, the name of the Legatee or the names of the legal representatives, jointly shall be entered in the Register of apartment Owners maintained by the Secretary for the purpose of administration of VASTU PARK APARTMENT Condominium as apartment Owner or Joint Apartments Owners. Where any legatee ls a mrnor, the Apartment Owfler shall be entitled a to appoint a Guardian of such minor 6. Joint Apartment Owners - Where an Apartment has been purchased by two or more persons jointly they shall be jointly entitled to the Apartment and the shares of the Association shall be issued in their jornt names. but, the person $/hose name appears first on the share Certjfrcate, shall alone will have right to vote, 7. Holding e Share Compulsory - Every Apartment Owner musi hold at least one share of t tion (Joint Apartment Owners hofdinf - the shares jointlf) I Disqualification - No Apartment Owner shall ,r.trii:trau.--+." on the question of electlgn of l4embers of the Board or the President Secretary, Treasurer or any other offlce Bearer or be entitled to contest election to such office, if he is in arrears of any sum due from him in respect of his contribuiion for common expenses for more than slxty days on the last day of the year preceding the year in which the elections to the Board would take place. +rffi ),1 {RF ( !l '/,: ee-U ll"it i1 li; ?''2- .-'--' ,i 2t w .s K CHAPTER II VOTING, QUORUM AND PROXIES 9. Voting - Voting shall be on a "Percentage" basis and the percentage of the vote to which the Owner is entitled to, is the percentage assiqn to the Family lJnit or Units ln the Declaration. 10. Quorum - Except, as otherwise provided in these By-Laws, the presence in person of a majority of Owners shall constitute a quorum. 11. Vote to be cast in person - Votes shall be cast in person CHAPTER III G ADMINISTRATION L2. Powers & duties of Association - The Association wrll have the responsibility of administering VASTU PARK APARTMENT Condomin um establishing & collecting monthly assessments and arranging For t te managements of the Condominrum in an efficient manner. Except as otherwise provided, resolutions of the Association shall require approval by a majoriry of owners, castlng votes in persons. 13. Place of Meetings - Meetings of the Association shall be held al a suitable place convenient to the owners, as may be, from time to time designated by the association. 14, Annual Meetings - The First Annual lYeeting of the Association shall be held in lune, therefore the Annual Meetings of the Association shall lre _) held on the t't Sunday of June of each succeeding year. At such meetings there shall be elected by ballot of the apartment owners, a Board of l'4angers, in accordance with the requirements of By- Laws 23, The owners may also transact such other business oF the Association, as may properly come before them. 15. special Meetings - It shall be the duty of the President to call a special meetlngs of the apartments owners, as directed by a resolution of the Board or upon a petitron signed by a majorrty of the owners and having been presented to the secretary or at the request of the Housinq Commissioner, or as the case may be, the Registrar or any officer, duly authorized by him in this behalf, The notice of any specral meeting shall state the trme and place of such meeting and the purpose thereof. No other business shall be transacted at a special meeting except, as stated in the notice without the consent oF 4/5th of tl're owners present in person, 16. Notice of Meeting - It shall be the duty of the secretary to mail or send a notice of each annual or special meeting, stating the purpose thereof as well as the time and place where it is to be held, to each apartment owner at least two days but not more than seven days prior to such meetings. The mailirrg or sending of a notice in lhe manner provided in this By- Laws shall be consider{ld Gt -t ?.8 .iiir cFs ( &d, al a7*.4 (y ./ 16 22 notice served. Notices of all meetings shall be mailed or sent to the Housing Commissioner or as the case may be the Registrar. 17. Adjourned Meetings - If any meeting cannot be organized because a quorum has not attended, the owners who are present may adjourn the meeting to a time not less than fo(y eight (48) hours from the time, the origlnal meeting called. If at such adJourned meetings also, no quoTum is present the owners present in person being not less than two shall form a quorum, la. Order of Business - The order of Business at all meetings of the owners of Units shall be as follows - a) Roll Call. 3 b) Proof of Notice of meeting or waiver of Notice. c) Reading of mlnutes of preceding meetings. d) Report of the Omcer, e) Report of the Housing Commissioner or the Registrar or of the Officer. f) Report of the Committees. g) Election of Board of l4anagers. h) Unfinrshed Business if any. i) New Business, CHAPTER IV BOARO OF MANGERS 19. Management of Association - The affairs of the Assocration shall be governed by a Board. I 20. Powers and Duties of Board - The Board shall have the powers and duties necessary for the administration of the atfairs of the Association, and may do all such acts and things as are required by Law or by these By-Laws directed to be exercised and done by the owne6. 21, Other Duties - In addition to the duties imposed by these By- Laws or by Resolutions of The Association, the Board shall be responsible for the tollo'./ing, that is to say - a) Care, upkeep and surveillance of VASTU PARK APARTMENT Condominium Areas and Facilities and the Restricted Common Areas and Facilities; b) Collection of monthly assessment from owners; c) Designation, employment, remuneration and dismissal of the personnel necessary ior the maintenance and operation of VASTU PARK APARTMENT Condominium general and common Areas and Facilities; d) To provide for the manner in which the audit and accounts of the Association shall be carried out; ;r€{;r-- ? -sl _"1I zFrE.( lt e4o l\e \. I to K 23 e) To inspect the accounts kept by the Secretary and / or the Treasurer and examine the Registers and Accounts Books and to take steps for tl'le recovery of all sums due to the Association; f) To sanction working expenses, count cash balances and deal with other miscellaneous business; 9) To see that the Cash Book is written promptly and is signed daily by one of the members of Board, duly authorized in this behalf; h) To hear and deal with the complaints; 22. Manager - The Board may employ for the Association a manager G at a compensation so determlned by the Board to perform such duties and seryices as the Board shall authorize including but limited to the duties listed in By-Laws 21. 23, Election a''d Terms of an officer - At the first annual meeting oF e Associatio nlh_-"1erm of office of two Mangers shall be Fixed for three years .The term of office of two Managers shall be fixed at two years, and the term of one Manager shall be fixed at one year. At the expiry of the initial term of office oF each respective l4anger, his successors shall be elected to serve a term of three years. The Mangers shall hold the office until thelr successors have been elected and hold their first meeting, (lf a larger Board is contemplated, the terms oF office should be established ln a similar manner so that it will exprre in different years.) 24. Vacancies - Vacancies in the Board caused by any reason other ,b than removal of a Manager by a vote of the Association shall be filled by vote of majority of the remaining l'lanagers, even though they may constitute less than a quorum; qld each person so elected shall be a manager until a successor is elected at the next annual meeting of the Association. 25. Removal of Managers - At any regular or special Meetiogi duly called one or more of the Managers may be removed with or u/i$f6ut cause by a majority of the apartment owners and a successor mat'f6en and there be elected to fill the vacancy thus created. Any Manag+'whose removal has been proposed by the owners shall be given an opportunrty to be heard in the meeting. . o.ednrzation of Meeting - The first Meetinq of the newly electcd Buard shall be held within 10 dayroftre election at such a place as shall be fixed by the Mangers at the t4eeting at which the managers were etected and no notice shall be necessary to the newly elected lvtanagers in order to legally constitute such a meetrng, provided a majority of the Board shall be present. 27. Regular meetings - Regular meetings of the Board may be h€ld at such a time and place as shall be determined from time to time, by a majority oi the I'4anagers, but at least two such meetings shafl be held during each year. Notice of regular meetings of the Board shall be given to each man,lger, I t-t -I q I ,i 'lFiF i ee.eP i i I a 24 personally or by mail or tdlegraph at least Three days prior to the day named for such Meetings. 2a. Special Meetings - Special meetings of the BbE by the President on three days'notice to each Manger, given personally or by mall or telegraph, which notice shall state the tlme, place (as herein above provtded) and purpose of the l4eeting. Special meeting of the Board shall be called by the President or Secretary in like manner and on like notice on the written request of at least 3 Mangers, 29, Waiver of Notice - Before or at any meetings of the Board any Manager, may, in writing waive the notice of such a meeting, and such a waiver shall be deeme ivalent to the issuing of such a notice. Attendance bya e Manger at any meeting of rd shall be a waiver of notice b y him of the time and place thereof. If all the N4anagers a ent at any meeting of the Board, no notice shall be required and any business may b e sacted at such a meetin I 30. Quorum - At all meetings of the Board. 1/3 the total strength of the f4anagers shall constitute a quorum for the transaction of business, and the acts of the Managers present at the meeting at which a quorum ls present shall be the acts of the Board. If, at any meeting of the Board, there be less than a 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 notlce, provided there is a quorum present. D 31. Fidelity Bonds - The Board may require that all officers and employees of the Association handling or responsible for the Association funds shall furnish adequate fidelity bonds. The premium on such bonds shall be paid by the Association, CHAPTER - V OFFICERS 32. DesiEnations - The principal officers of the Assocration shall be a President, a Vice President, a cretary and a TreasureT, all of whom shall be elected by and from the Board. The a point as Asslstant Treasurer, and Assistant Secretary and such other Officers as n ent m ay be necessary. (In case of Associatlon of 1Oo owners or less the offices of T and Secretary may be filled by the same person.) 33. Etection of Officers - The officers of the Association shall be elected annually by the Eoard at the organization meeting of each new Board and shall hold offices at the pleasures of the Board. Removal of Officers - Upon an affirmative vote of a maiority of 34, the members of the Board any officer may be removed, elther with or without tl *{ 9I .i 'r;:., ,>Q- It l 25 cause, and successor elected at any regular meeting of the Board or at any special meeting of the Board called for such purpose, 35. President - The President shall be the Chief Executive oFFicer oF the Associatron. He shall preside at all the meetings of the Associatron and of the Board. He shall have all the general powers and duties which are usually vested rn the office of a President of an Association, including but not limited top, the power of appoint a committees from among the owners from time to trme as he maY in his discretion decide to be appropriate to assist him in the conduct of the affairs of the Association. @ 36. Vice - President - The Vice - Presrdent shall take the place of the President and perform his duties whenever the President shall be absent or unable to act. lf neither the President nor the Vice- President is able to act, the Board shall appoint some other member of the Board so as to act on an interim basis, The Vice- President shall also perform such other duties as shall from time Lo tlme be imposed upon him by the Board. 37, Secretary - The Secretary shall keep the mrnutes of all the meetings of the Board and the minutes of all meetings of the Association; he shall have charge of such books and papers as the Board may direct; and he shall, in general perform the entire duties incidental to the office of a Secretary. 38. Treasurer - The Treasurer shall be responstble for the Association funds and securities and shall also be responsible for keeping full and accurate 3 accounts of all receipts and disbursements in the books belonging to tl'le Assocration. He shall be responsrble for the deposit of all moneys and other valuable effects ln the name and to credit, of the Association in such depositaries as may from time to time be designed by the Board, CHAPTER - VI OBLIGATIONS OF THE APARTMENT OWNERS 39. Assessments - All owners are obliged to pay monthly assessments imposed by the Association to meet all expenses relating to VAS]U PARK APARTMENT Condominium, r/vhich may include an rnsurance premium for a policy to cover repair and reconstruction work in case of a hurricane, fire, earthquake or other hazard of calamity. The assessments shall be made pro rata according to the value of the unit owned, as, stlpulated in the Declaration. Such assessments shall include monthly payments to a General Operating Reserve and a Reserve Funds for Replacements, 40. Maintenance and Repair - (1) Every owner must perform promptly, all marntenance and repair work within hrs own unit, which if omitted would affect the VASTU PARK APARTMENT Condominium in entirety or in a part belonging to other owners, berng I +t q.tr z i'1;' l#51 t:,f:, ''In ;F \uo4- a) 'r. f}:} a $r 26 expressly responslble for the damages and liabillties that hls failure to do so many endanger. (2) All the reparrs of rnternal installations of the unit such as water, light, gas, power sewage, telephones, air conditioners, sanltary installations, doors, windows, lamps and all other accessories belonging to the unit area shall be at the expenses of the apartment owner concerned. (3) An owner shall reimburse the Association for any expenditure lncurred in repairlng or replacing any common area and facility damaged through his fau lt. 41. Use of Family Units - Internal Changes- 1) All Units shall be utilised for residential purposes only. a 2) An owner shall not make any structural modificatlons or alterations In his unit or installations located therein without previously notifying the Associatlon in writing, through the President of the Board if no l4anager is employed. The Association shall have the obligations to answer within 30 days and failure to do so within the stipulated time, shall mean that there is No Objection to the proposed modification, alteratron or installation, 42. Use of Common Areas And Facilities - All Owners shall not place or cause to be placed in the lobbies, vestibules, stairways, elevators and other areas of VASTU PARK APARTMENT Condominium and Facllities of a similar nature both common and restricted, any furniture, packages or objects of any kind. Such areas shali be used for no other purpose than for normal transit through them. ? 43, Right of Entry - a) An owner shall grant the right of entry lo the lYanger or to any other person duly authorised by the Board or the Association in case of an emergency originating in or threatenrng his unit, whether the owner is present at the time or not. b) An o\,{ner 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, provrded that a request for entry are made in advance and that such entry is at a trme convenient to the owner, In case of an emergency, such right of entry shall be immediate. 44, Rules of Conduct - a) No resident of VASTU PARK APARTMENT Condominium shall post any advertisement or posters of any kind in or on the building except as authorised by the Association. b) Residents shall exercise extTeme care about making noises or the use of musical instruments, radios, televisions and amplifrers that may disturb ENg*tr E> ')" :i ,| -;', .rrl9 R* ( eeeto i -' t;r. i.]:' ri;t;.' a-L .go 4srx-t 27 - others, Resrdents keeping domes als shall abide b y the lYunicipal Sanitary By - Laws or regulations. c) It is prohibited to hang garments, ruqs etc. from the windows, balconies or from any of the facades of VASTU PARK APARTMENT Condomlnium. d) It is prohibited to throw dust rugs etc. from the wrndows, or to clean rugs etc., by beating on the exterior part of the said Condominium. e) It is prohiblted to throw garbage or thrash outsrde the disposal installations provided for such purposes in the service atqas, If such installations are not Drovlded. all garbage or thrash shall be collected in a vessel and thrown in the Municlpal Dustbin. @ f) No Owner, resident or Lessee shall install wiflng for electrical or telephone installations, television antennas, machines or air conditioning units etc., {ln the exterior of VASTU PARK APARTMENT Condomrnjum or that prol.rude through the walls or roof of that Condominium except as authorised by tl're Association, 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 contributions and donations from the Apartment owners; 3 c) From common profit which shall rom the n ucleus of the Reserve Fu nd; f d) By raising loans, if necessary, subject to such terms & conditions as the Associations with the approval of the Competent Authority, may determine in his behalf. 46. Investments - The Association nvest or deposrt its funds in one or more of the Following - a) In the Central Co-Operative Ba n or in the State Cg-Operative Bank; or b) In any of peci fied in section 20 of the Indian Trust Act, 1982; c) In any Co-Operative Bank other than those referred to in clause {a} of this By- Laws; or in any Banking Company approved for this purpose by the Assocration; tion - Should there b ea ny Federatron of apartment o',r/ners in the locality rn which VASTU PARK APARTMENT eondo-mfiiium is stuate, the Assocration may, after consulttng the competent aLtthority, become a member thereof, and pay the sums from time to time. payable to such Federatio. under the rules thereof. "-l "Tfl s .,:, TFrE.( eoetj (i5 o,-- K- 48. Accounts - a) A Banking Account shall be opened by the Assocration lnto which all moneys received on behalf of the Association, shall be pald, provided that the Secretary may retain in hls personal custody an amount not exceeding Rs. 100/- for petty expenses. All payment above Rs. 20/- shall be made by cheque, duly signed by the Secretary and one t4ember of the Board, b) Each apartment ownet shall have a Pass Book in whlch the Secretary shall enter amounts pald to or received for hls share in recelpts of profits from the Common areas and contributions towards common expenses, and his share of assessments and other dues, if any, in re+ect of his Apartment. c) The Association shall on or before 31't July in each year publish an audited i, annual Financial Statement in respect of the common areas and facilities containing - I) The profrt and loss accounU II) The recerpts and expendlture of the previous Financial years; and III) A summary of the property and assets and liabilities of the Common Areas and facilities of the Association. givlng such particutars as will disclose the general nature of these liabilities and assets and ho\,l/ the value of fixed assets has been arrived at. d) The audited financial statements shall be open to the inspection of any Member of the Association during office hours and rn the office of the Association and a copy thereof shall be submitted to the Competent Authority not later than 15th Augt-rst every year. & e) Every Financial Statement shall be accompanied by a complete list of the apartment owners. There shall also accompany the Flnancial Statement in a similar list of Loanees, The Financial Statements shall state upto what date, profitsuea-elqenses of the areas are included. 49, Publications ol accounts & Reports - A copy of the last Financial Statement and of the Report of the--a!dj&r, if any, shall be kept in a conspicuous place in the office of the Association 50. Appolntment of Audltor - The Assoclation sl,oll appoint at rts General lYeeting, an Auditor who shall audlt the accounts of the Assoclation to uc prepared by the Board as hereinabove provided and shall examine the Annual Return, and venfy the.same, wlth the accounts relating thereto and shall either sign the same as founded by him to be correct duly vouched and in accordance with law, or specially report to the Association in what respect he finds it in correct, un-vouched or not !n occordance vilth la,Y 51. Power of Auditor - The Auditor shall be entitled to call for and examine any papers or documents belonging to the Association relating to the common Areas & Facilities (including limited Common areas and facilities) and common expenses and shall q-s"T s iRR( :L eeo 90 -- ',,,:i i.*;? 29 ----J K. make a Special Report to the Associatlon upon any matter connected Mrith tlre Accounts which appear to him require notice. CHAPTER - VIII MORTGAGEES 52. Notice of Association - An owner who mortgages his Unit shall notiry the Association through the l4anager, rf any, or the President of the Board in the event there is no Manager, the name and address of his Mortgagee and the Association shall maintarn such information in a Book entitled "Mortgagees of Units". G 53. Notice of Unpaid Assessments - The Assocjation shall at tl're request of a Mortgagee of a Unit, report any unpaid assessments due from the owner of such Unit. CHAPTEIT - IX COMPLIANCE 54. Compliance - These by- Laws are set forth to be complied with the requirements of the lYaharashtra Ownership Act, 1970. In case any of these by-Laws conflict with the provislons of the said Act, it is hereby agreed ar'rd accepted that the provisions of the Act will apply. 55, Seal of The Association - The Association shall have a Conlmon Seal which shall be in the custody of the Secretary and shall be used only Lrnder c the Authority of a resolution of the Board and every Deed of Instrument to which the seal is affixed, shall be attested for or an behalf of the Association by two Members of the Board and the Secretary or any other person duly authorsed lly the Association on their behalt. CHAPTER - X AMENDMENTS TO PLAN OF APRTMENT OWNERSHIP 56, Amendment of By-laws - These by-laws may be amended by tl're Association ln a duly constituted meefing for such purpose and no amendment shall take effect unless approved by owners represenling at least 75 per cent of the total value of all units ln the VASTU PARK APARTMENT Condominrum as shown in the Declaration. 7 T{rer p ) , (ftfr.( e*t i'io ,_:, /TMPIIET m/3{rd sr* q-S qrum qr. qM qe,rfr,1$+ c. rr. qut qi=} 616 1"71rf r,"1i i).,fl'l qfurqrgmr srt +frd 6cd ff, +