,0"' 340/9958 qr{fr Original/Duplicatc Friday,October 21,2022 ffim.:39q 2:36 PM Regn.:3QM qr{ft;fr.: 12699 RilzF' 2'111012022 qr+ri;rrE. rT|[t a 3i-{m qr6: ;rTFr}995&2022 I y+.pr'frqottq{ t qr*r +ryn=+ri a-rs: rrfrq ftgit slrs +€dqf qrffi {sr ffi qrfrEr< ff. qfi-{rq F66 q2 t'rE,,ft ft 5. 100.00 << ararasft# 5. 760.00 ysi* dqr: sa qTIry: r. 860.00 BrFrum{ 1a u,Ac /lo??) qn-o?/ 33) REMOVAL OF OFFICERS: Upon an aflirmative vote of a majority of the members of the board any oflicer may be removed either with or without cause and his successor elected at any regular meeting of the Board or at any special meeting of the Board called for such purpose. 34) PRESTpENT: The President shall be the Chief Executive Officer of the Association. He shall preside at all meetings of the association and of the Board. He shall have all of t.l.e generaf powers and duties which are usually vested in t.l.e oflice of president of an association, including, but not Limited to the power to appoint committees from among owners from time to time as he may in his discretion decide to be appropriate to assist in the conduct of the affairs of the association. 35)VICE PRESIDENT: The vice-president shall take the place of the president and perform his duties whenever the President shall be absent or unable to act. If neither the President not the Vice President is able to act, the board shall appoint some other member of the Board so to act on an interim basis. The vice president shall also perform such other duties as shall from time to time be imposed upon him by Board. 36) SECREIARY: The Secretary shall keep the minutes of all meetings of the Board and the Minutes of all the meetings of the association, he shall have charge of such books and papers as the Board may direct; and he shall, in general, perform all the duties incidental to ttre office of the secretary. 37)TREASTTRTR: The Treasurer shall be responsible for association funds and securities and shall also be responsible for keeping full and accurate accounts of all the receipts and disbursements in books belonging to the association. He shall be responsible of the deposit of all moneys and other valuable effects in the narne and to the credit and the association in such depositories as may from time to time be designated by the Board. CIIAPTER VI OBLIGATIONS OF THE APARTMENT OUINERS 38) ASSESSMENTS: All owners are.obliged to pay monthly assessments imposed by the Association to meet all expenses relating to SKIIBER NAGARI APARTMENT' which may include an insurance premium for a policy to cover repair work and reconstruction work in case of hurricane, fire, and earthquake or other }1azard or calamity. The assessments shall be made pro-rata according to the value owned, as stipulated in the declarations. Such assessments shall include monthly payments to a General Operating Reserve Fund and a Reserve Fund for replacements, 39) MAINTENANCE AND RTPNR: 0 1) Every owner must perfonn promptly, all maintenance repair work (KIIBER *ittil his own unit, which if omitted would affect the NAGARI I l.) $.,ry '\). ;f,{f,ffi* & 4*Sr i:i L. '& ,'i'o .. li. f *T) _1'L lr$' APARTMENT" in entirily or in part belonging to other owners, being expressly responsible for the damages and liabilities that his failure to do so may endanger. 2) All the repair of the internal installation of the unit such as water, light, gas, power, sewage, telephones, air-conditioners, sanitary, installations, doors, windows, lamps and all other accessories belonging to the unit area shall be at the expense of the apartment owner concerned. 3l An owner shall reimburse the Association for any expenditures incurred in repairing or replacing any common areas & facility damaged through his fault. 40) USE OF FAMILY IINITS.INTERNAL CIIAI{GES : 1) A11 units (except units on the Ground floor, shop premises ) shall be utilized for residential purposes only) 2l An owner shall not make any structural modifications or alterations in his unit or installation located therein without previously noti$ing the association in writing, through the President 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 modifications, alteration or installation. 41l' USE OF COMMON AREAS AND FACILITIES AND RESTRICTED COMMON ARTAS AND FACILITIES : a An owner shall not place or cause to be placed or cause to be placed in the lobbies vestibules, stairways, elevators and other areas of "IiugpR NAGARI APARTMENT" and facilities of a similar nature both common and reatricted, any furniture, packages or objects of any kind such areas shall be uccd for no other purpose than for formal transit through them. 42) RrGHT OF ENTRY : a) An owner shall grant the right of entry to the Manager or to any other person authorized by the Board or the Association in case of an emergency originating in or treating his unit whether the owner is present at the time or not. b) An owner shall permit other owners or their representative when so required to enter his unit for the purpose of performing installations, alterations or repairs to the mechanical or electrical seirrices provided ttrat requests for 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 an emergency, such right of entry shall be immediate. 43) RIILES OF CONpUCT: g) 1) No resident of the SKUBER NAGART APARTMENT, shall post any advertisement posters of any kind in or on the building .*."pt .". -orassociation. authorized by the 2l Residents ehall exercise extreme care about making noises or the use of the musical inetruments, radios televisions and-amplifiers tt.t may disturb others,. residents keeping domestic animals by th; Municipal Sanitary bye laws o, regulations. "ir.tt ^bia" ERS,( ( /rurri I 3) It is prohibited to hang garments, rugs, etc. from or from any of the faces of the ..KITBER NAGARI APARTMENT" 4l It is prohibited to dust rugs, etc. by beating on the exterior part of the said condominium. 5) It is prohibited to throw garbage or trash outside t.Le disposal installations provided for such purposes in the service areas. If such installation is not provided all garbage or trash shall be collected in a vessel and thrown in the municipal dust bin. h) 6) No owner, resident or lessee shall install wiring for electrical or telephone installation television antenna, machines or air conditioning units, etc. on the exterior of the .KUBER NAGART APARTMENT" or thaiported through the walls or the roof of tlat condominium except as authorized by the Association. CIIAPTER. VII FUNDS AND THEIR II{TIESTMENTS 44) IrUNpS: F\rnds may be raised by the Association in all or any of the fotlowing ways namely : a) By shares b) By contributions and donations from the apartment owners. c) From common prolits which shall form the nucleus of the reserve funds. d) By raising loans, if necessar5r subject to such terms and conditions as the associations, with the approval of the Competent Authority may determine in his behalf. 45) INTzESTMENT ; The association may invest or deposit its funds in one or more of tl.e following: a) In the Central Co. Op. Bank or in the State Co. Op. Bank or in the State Co. Op. Bank or any other Schedule Bank decided by the meeting. b) In any of the securities specified in Section 20 of the Indian Trusts Act 1882. c) In any Co. Op. Bank other than those referred to in clause (a) of this bye laws or in any banking company approved for this purpose by the association. 46) AFFTLTATION : Should there be any Federation of Apartment Owners in the locality in which the SKIIBER NAGARI APARTMENT' is situate, the association may, after consulting the competent authority, become a member thereof and pay the sums from time,to time payable to such federation under the ruIes thereof. 47)ACCOIINTS : 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 retain in his personal custody EIn amount not exceeding RS. lOO/- for petty expenses. All payment above RS. 100/- shall be made by Cheque by the secreta4l and one member of the board. 2l Each apartment owner shall have a pass book in -which the secretary shall enter amount paid to be or received for his share in receipts of prolits .r.*-& 6s,( dit*rti ).r -r*-J) b/ areas and contributions common expenses and his share of assessment and other dues, if any, in respect 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 these liabilities and assets and how the value of fixed assets has been arrived at: 4l The audited financial statement shall be open to the inspection of any member of the association during office hours and in the oflice of the association and a copy thereof shall be submitted to the competent authority not later than 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 loans. The financial statement shall state up to what date prolits and expenses of common areas are included. 48) pUBLICATTON OF ACCOIINTS At{D REPORTS: A copy of the last financial statement and of the report of the auditor, ff *y, shall be kept in a conspicuous place in the oflice of the association. 49) APPOINTMENT OF ArrprTOR The association shall appoint at its general meeting an auditor who shall audit the account of the association to be prepared by the board as herein above provided and shall examine the annual return and veri$ tJ:e same, with the accounts relating thereto and shall either sign the same as found by him to be correct, duly vouched and in accordance with law, or specially report to the association in what respect he finds it incorrect , unvoiced or not in accordance with law. 50) POWER OF AUpITOR : The auditor shall be entitled to call for examine any papers or documents belonging to the association relating to the common areas and facilities (including limited common areas and facilities) and common expenses and shall make especial report to the association upon any matter connected with the accounts which appears to him to require notice. CIIAPTER. VIU MORTGAGES 51) NOTTCE TO ASSOCTATION : An owner who mortgages his units shall noti& the association through the Manger, if any or the President of Board, in the event there is no manager, the name and address of his mortgage and the association shall maintain such information in book entifled ' Mortgagees of units,. 52) NOTICE TO UNPND ASSESSMENTS : The associatign s-hall at the request of mortgagee of a unit report any unpaid assessment due from the owner of such unit-. - h\ 23 Tff-T t ,.'- rl : qmfi,t C /ioit) ffi F E lj (, .ii$ CIIAPEER IX COMPLIAI{CE ^asL/ 53) COMPLTANCE: These bye laws are set forth to comply with 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 provisions of the Act will apply. 54) SEAr, OF THE ASSOCTATTON: The association shall have a coulmon seal which shall be in the custody of the secretaqr and shall be used only under the authority of resolution of the board and every deed of instrument to which ttre seal is affixed shall be attested for or on behalf of ttre association by two members of the board and the secretary or any other person authorized by tl:e association in that behalf. CIIAPTER X AMENDMENT TO PLAN OF APARTMENT OWNERSHIP 55) AMENDMENT OF BY:E LAWS : These bye laws may be amended by the association in a duly consisted meeting for such purpose and no amendment shall take effect unless approved by owners representing at least 75 percent of the total value of all units in the. 1KIIBER NAGARI APARTMENT' as shown in the Declaration. ffi**ffiffiHffiffi*ffi ;rsffi.*? Ir ! d EHH,( /?o??l E" q, W s; , v , mlerrq util Efr i61uTg qr. i|qon r6frfrrs - , gq qH fr. ro/qt/rolt qtw+,,r$sn 3'rt frfud tncd 6, frqunqrd Trfi tfrHr qmtfinilH fu*-d ft q,,rqg-fiRrt 3Tsrqr g{K tfit f{fr td qrfr Hrqwd qrqr sTrd qnrfrq rilq ffimr snt. qsilrfid far$ t"rn/$ETggtqrtqrs t Et 3{g{ snd tkl: EFfi ffi{ fued 3nt. Efl ffiqr qS li'BzTsr(i+t Mtr+, \" (tw n, it .d.' . Ti q-+.fr1-il qff eoh;m tI,. -l Er{ s'{ Eurt F, Er+..{r+t HTfufi sqql t. .q ' I q fr',rd ii*d h-frT rftqE rrq'qqrrf, {lE rl Dn {{ { t t t o (,. 0 ('. t t, s 6ro' o- o ) ti ,l i I pi ri hJ ; ,l is 'ai, +i ( 3terS ) a'r+ et- rfir dit.J !,,. i;1!i+ ['t t-r,. , 'ilr*:^'t i i iii'tt, L i. li i trFi a-ot *tnt Tpgp[4aNeNt ACQOUNT NUMBER MFFM5254P' ni .NAME MA}IOJ BUILDERS ftr'rr{/E