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. 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.
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. 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.
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.
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.
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 vi. 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.
