Examples of Ownership Flats Act in a sentence
The Gujarat Ownership Flats Act, 1973 We further report that:The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors.
The defendant is a "promoter" within the meaning of Clause (c) of Section 2 of the Ownership Flats Act.
Builder-Non Cooperation Co-operative Housing Society If builder/promoter procrastinate in registering the Co-operativeHousing Society, then in that case, the application for registration of society be submitted in Form 6 (Rule 12) before the authorized officer (District Dy. Registrar in the respective district,who have given power under section 10(1) of the Maharashtra Ownership Flats Act 1963 (For making regulation for encouraging their constructions, their sale, management and transfer).
It is, however, significant to note that in para 6 of the said judgment, this Court has also held as follows : In that connection, Mr. Malik drew my attention to Clause (f) of Sub-section (2) of Section 3 of the Ownership Flats Act, which imposes, amongst other liabilities, the liability to "specify in writing the date by which possession of the flat is to be handed over and he shall hand over such possession accordingly.
This Hon'ble Court may be pleased to declare that there is valid, subsisting and binding agreement inter alia to convey the said property described in Ex. "A" hereto and the building standing thereon in favour of the Plaintiff and the Defendants No. 1 to 4 are bound and liable to specifically perform their part of the said agreement and to comply with the statutory obligations under the provisions of the Maharashtra Ownership Flats Act, 1963.
The Agreement for Sale was required to be registered it was governed by the provisions of Maharashtra Ownership Flats Act, 1963 as per paragraph/clause 53 of the said agreement.
To sell the flats and other premises in the said building at the best price available to, the intending purchasers thereof and to enter into agreements in the prescribed form if any under the Ownership Flats Act, or otherwise with such modifications therein as may be necessary.
Revenue recognition in respect of constructed premises is on the basis of booking done by the prospective customer and the same is subject to execution of registered sale deed under the Maharashtra Ownership Flats Act (MOFA) and payment of consideration.
It was also argued that the answering party is governed by the provisions of Maharashtra Ownership Flats Act, 1963 and the various terms of the agreements are stated to be as per the provisions of this law.
The documentation and practices by theanswering Opposite Party in Maharashtra are factored on the basis of what is permissible under applicable local statutory laws/ rules i.e. the Maharashtra Ownership Flats Act, 1963; the Maharashtra Ownership Flats Rules; the Maharashtra Apartment Ownership Act, 1970; and the Maharashtra Apartment Ownership Rules, 1972.