HOLDING ORGANISATION. The Unit Owners amongst themselves shall form a Holding Organization which may be a private limited company, limited liability partnership firm and/or Society or Syndicate and/or Association of Persons (hereinafter referred to as the HOLDING ORGANISATION).
HOLDING ORGANISATION. Immediately after all the units in the building are sold and transferred the Unit Owners in consultation with the Vendor shall form a Holding Organisation which may be a Syndicate and/or limited company and/or limited liability partnership or such other entity with such rules and regulations as the Vendor may decide
HOLDING ORGANISATION. 8.1 Immediately after the completion of the said building and the possession is made over to the Unit owners in the said building the Developer/Sellers shall form or cause to be formed an Association or a Society or Syndicate of the Unit owners in the said building (hereinafter called the HOLDING ORGANISATION) with such rules and regulations as shall be determined by the Advocates and Solicitors of the Sellers / Developers.
8.2 The Purchaser shall become a member of the Holding Organisation and hereby agrees to abide by the rules and regulations which shall be framed by the said Holding Organisation for the benefit of all the members of the said Holding Organisation.
8.3 The Purchaser shall be liable and agrees to abide by such further house rules as may be made applicable by the said Holding Organisation.
8.4 As and when the said Holding Organisation is formed, the Purchaser shall become a member of such Holding Organisation and without becoming a member of such Holding Organisation shall not be entitled to avail of the various facilities and/or utilities at the said premises.
HOLDING ORGANISATION. MAINTENANCE COMPANY shall mean the company / Society / Association to be formed or promoted by the Owner/ Co- Owner for the common purposes, maintenance and upkeep of the said building.
HOLDING ORGANISATION. Immediately after the completion of the said building and the possession is made over to the flat owners in the said building the Vendor shall form or cause to be formed an Association or a Society in the said building (hereinafter called the HOLDING ORGANISATION) with such rules and regulations as shall be determined by the Advocates and Solicitors of the Vendor. The Purchaser shall become a member of the Holding Organization and hereby agrees to abide by the rules and regulations which shall be framed by the said Holding Organization for the benefit of all the members of the said Holding Organization. The Purchaser shall be liable and agrees to abide by such further house rules as may be made applicable by the said Holding Organization. As and when the said Holding Organization is formed, the Purchaser shall become a member of such Holding Organization and without becoming a member of such Holding Organization shall not be entitled to avail of the various facilities and/or utilities at the said premises.
HOLDING ORGANISATION i) To co-operate with the other co-Purchasers and the Vendor and also with the HOLDING ORGANISATION in the management and maintenance of the said buildings of the HOUSING PROJECT.
ii) To observe the rules framed from time to time by the Vendor and upon the formation of the HOLDING ORGANISATION by such HOLDING ORGANISATION.
iii) To use the said FLAT/ UNIT for residential purposes and not for other purposes whatsoever without the consent in writing of the Vendor.
iv) To allow the Vendor or the HOLDING ORGANISATION with or without workmen to enter into the said FLAT/ UNIT for the purpose of maintenance and repairs within 48 hours prior notice in writing.
v) To pay and bear the common expenses and other outgoings and expenses since the Possession Date and also the rates and taxes for the said FLAT/ UNIT and proportionately for the HOUSING PROJECT and/or common parts/areas and wholly for the said FLAT/ UNIT and/or make deposits on accounts thereof in the manner mentioned hereunder to the Vendor and upon the formation of the HOLDIING ORGANISASTION to such HOLDING ORGANISATION. Such amount shall be deemed to be due and payable on and from the Possession Date whether physical possession of the said FLAT/ UNIT has been taken or not by the Buyers. The Buyers shall pay the said amounts without raising any objection thereto regularly and punctually within 72 hours to the Vendor and upon formation of the HOLDING ORGANISATION to such HOLDING ORGANISATION.
vi) To pay charges for electricity in or relation to the said FLAT/ UNIT.
vii) Not to subdivide the said FLAT/ UNIT and/or the parking spaces if allotted or any portion thereof.
viii) Not to do anything or prevent the Vendor for making further or additional legal constructions within 9 a.m. to 7 p.m. within any working day not withstanding any temporary disruption in the Buyers enjoyment of the said FLAT/ UNIT.
ix) To maintain or remain responsible for the structural stability of the said FLAT/ UNIT and not to do anything which has the effect of affecting the structural stability of the building.
x) Not to do or cause anything to be done in or around the said FLAT/ UNIT which may cause or tend to cause or tantamount to cause or effect any damage to any flooring or ceiling of the said FLAT/ UNIT or adjacent to the said FLAT/ UNIT or in any manner interfere with the use and rights and enjoyment thereof or any open passages or amenities available for common use.
xi) Not to close or permit the closing of verandas or lounge...
HOLDING ORGANISATION. 12.1. The Developer herein shall after disposal of all the units at the said building complex, make an Association or syndicate under the Societies Registration Act or in the alternative, cause incorporation of a Private Limited Company under the provisions of the Companies Act, 1956 for administration and maintenance of the common parts and essential services at the building . The object of such Syndicate/Association/Company shall be to manage and administer the maintenance of common parts, amenities and facilities and other affairs of the said building and also to receive and realise the contributions from all the Owners and/or occupiers of different units and other spaces of the said building payable by them respectively towards the maintenance and service charges, the rates and taxes including those mentioned in Parts – II and III of the Schedule “E”, hereunder written and also to disburse incur and pay the same.
12.2. The Buyer hereby agree and undertake to be a member of such association or Company as and when the same is formed or incorporated by the Developer and further agree from time to time and at all times to sign execute and deliver necessary application and all other papers, declarations and documents as may be required for the formation and registration of such Association or Company as may be prepared or caused to be prepared by the Developer.
12.3. The costs and expenses of and incidental to the formation or incorporation of such Association/Company as the case may be shall proportionately be borne by all the Buyers including the Buyer herein.
HOLDING ORGANISATION i In as much as there is/are a cluster of buildings to form part of the complex the LESSEE/S herein acknowledge/s that it is/are necessary that a particular agency should be appointed as the Holding Organization and for the aforesaid purpose it has been agreed by and between the parties hereto that the DEVELOPER herein shall appoint a Company for undertaking maintenance of the common parts and portions and for rendition of common services and the LESSEE/S herein agree/s to abide by the rules and regulations framed by the said Holding Organization.
HOLDING ORGANISATION. 9.1 Immediately after the completion of the said Housing Complex and sale of atleast 90% of the total saleable area and the possession is made over to the flat owners in the said building and/or Housing Complex the Seller may appoint a Facility Manager or shall form or cause to be formed an Association or a Society or Syndicate of the flat owners in the said building (hereinafter called the HOLDING ORGANISATION) with such rules and regulations as shall be determined by the Advocates and Solicitors of the Seller.
9.2 The Buyer shall become a member of the Holding Organisation and hereby agrees to abide by the rules and regulations which shall be framed by the said Holding Organisation for the benefit of all the members of the said Holding Organisation.
9.3 The Buyer shall be liable and agrees to abide by such further house rules as may be made applicable by the said Holding Organisation.
9.4 As and when the said Holding Organisation is formed, the Buyer shall become a member of such Holding Organisation and without becoming a member of such Holding Organisation shall not be entitled to avail of the various facilities and/or utilities at the said premises.
9.5 In the event of a Facility Manager being appointed such Facility Manager shall be entitled to a remuneration negotiated by Seller or his authorized person.
HOLDING ORGANISATION a. Immediately after all the units in the building are sold and transferred the Unit Owners in consultation with the Vendor shall form a Holding Organisation in accordance with the provisions of the West Bengal Apartment Ownership Act 1972.
b. The Purchaser compulsorily agrees to become members of such Holding Organizations and upon formation of such Holding Organisation the said Holding Organisation shall take control of all common parts and portions and shall remain liable for rendition of common services subject to the Unit Owners making payment of the COMMON AREA MAINTENANCE Charges.
c. The Holding Organisation shall be entitled to frame such rules and regulations (the “Rules”) as may be necessary and/or required from time to time regarding user of the common parts and the Purchaser hereby agree to abide by the same.
d. In order to become a member of the said Holding Organisation the Purchaser agrees to sign and execute all papers application and other documents as may be necessary and/or required and in the event of the Purchaser failing to sign such papers and/or applications the Vendor as the constituted attorney of the Purchaser shall be entitled to sign and execute the same on behalf of the Purchaser and the same shall be binding on the Purchaser.
e. The Purchaser shall bear and pay all proportionate costs, charges and expenses for formation, including professional charges, of the Holding Organisation.
f. The Purchasers shall co-operate with the Holding Organisation and its other members in all its activities.
g. Further in order to become a member of the said Holding Organisation the Purchaser shall need to clear all arrear maintenance charges, if any, which would have been due so far and as well as the present maintenance charge in respect of his unit/flat along with any other payables if applicable.
