1 FORM A DEED OF DECLARATION (Section 2 of the Karnataka Apartment Ownership Act, R/W Rule 3 of the Karnataka Apartment Ownership Rules, 1975) OF RELIAABLE ACACIA APARTMENTS This DEED OF DECLARATION is made as per the provisions of section 2 of the Karnataka Apartment Ownership Act, 1972, at Bangalore, Karnataka State, on this _________ day of January Two Thousand and Nine) ( .01.2009) BY: 1. Sri.A.RAMA REDDY, aged 33 years, Son of late Sri.A.R.Ashwathanarayana Reddy, 2. Smt.A.LAVANYA, aged 31 years, Wife of Sri. Narendra Balaji, Daughter of late Sri.A.R.Ashwathanarayana Reddy, 3. Sri.A.NARASIMHA REDDY, aged 29 years, Son of late Sri.A.R.Ashwathanarayana Reddy, 4. Smt.H.R.ANUSUYA, aged 53 years, Wife of late Sri.A.R.Ashwathanarayana Reddy, Declarants at Sl. No. 1 to 4 are residing at No. 453, 15th Cross, Lakkasandra Layout, Bangalore – 560 030. 5. Sri.H.P.KRISHNA REDDY, aged 64 years, Son of late Sri.Chikkapapaiah, 6. Smt.G.SUNANDAMMA, aged 47 years, Wife of Sri.H.P.Rama Reddy, 7. Smt.S.R.MANJULA, aged 42 years, Wife of Sri.H.P.Lakshmana Reddy, 2 8. Smt.R.SUMATHI, aged 25 years, Daughter of Sri.H.P.Rama Reddy, Represented by her GPA Holder Sri.H.P.Rama Reddy 9. Sri.H.P.LAKSHMANA REDDY, aged 56 years, Son of late Sri.Chikkapapaiah, 10. Sri. GOVINDAPPA, aged 72 years, Son of late Sri.Avalappa, Declarants at Sl.No.5 to 10 are residing at No. 255, 36th Cross, 5th Main Road, 4th Block, Jayangar, Bangalore - 560 011. 11. Smt.VIDYA GUPTA, aged 70 years, Wife of Sri.Banwarilal Gupta, Residing at No.374, New Friends Colony, New Delhi – 110 065. Party at Sl.No.11 represented by her G.P.A. Holder Sri. NIRMAL BAFNA represented by his GPA holder M/s Reliaable Acacia Represented by its Partners Sri.H.P. Rama Reddy and Sri.A.Rama Reddy. Hereinafter referred to as the "DECLARANTS" (which expression shall wherever the context so permits or admits, mean and include their respective Legal Heirs, Successors, Executors, Administrators, Assigns and Legal Representatives) of the ONE PART AND Sri. NIRMAL BAFNA, Managing Director for M/s. ANSU BUILDERS PRIVATE LIMITED, Represented by its General Power of Attorney Holder M/s. RELIAABLE ACACIA, A Partnership Firm, Having its office No. 573, 1st Floor, 20th Main, 8th Block, Koramangala, Bangalore – 560 095. Represented by its Partners. 3 1. Sri. H. P. RAMA REDDY, S/o. Late Sri. Chikkappaiah, 2. Sri. A. RAMA REDDY, S/o. late Reddy, Sri. A. R. Ashwathnarayana Hereinafter called the "DEVELOPERS/CONFIRMING PARTY" (which expression shall wherever the context so permits or admits mean and include the Firm, its Partners, Legal Heirs, representatives, Administrators, Executors and Assigns) of the SECOND PART: HEREBY STATE AND DECLARE AS UNDER WHEREAS, the purpose of this declaration is to submit the residentially converted land being portion of Sy.No.34, situated at Ibblur village, Begur Hobli, Bangalore South Taluk, presently bearing single Katha No.338/334, issued by the City Municipal Council, Bommanahalli, totally measuring 74,803 Sq. feet, more fully described in Schedule herein below and hereinafter referred to as COMPOSITE SCHEDULE PROPERTY, to the provisions of the Karnataka Apartment Ownership Act, 1972. COMPOSITE SCHEDULE ‘A’ PROPERTY: All that piece and parcel of residentially converted land being portion of Sy.No.34, situated at Ibblur village, Begur Hobli, Bangalore South Taluk, presently bearing single Katha No.338/334, issued by the City Municipal Council, Bommanahalli, totally measuring 74,803 Sq. feet, and bounded on the East by : Property belonging to Srinivasa Reddy; West by : Partly by 40 feet wide Road; North by : Land belonging to Gowramma; South by : Portion of Property belonging to Anurag Jain. DEVOLUTION OF TITLE TO ITEM No.1 OF SCHEDULE PROPERTY 4 Whereas, the father of the Declarants No.1 to 4 i.e., late Sri.A.R.Ashwathnarayan Reddy acquired the residentially converted Land bearing Survey No.34, situated at Ibblur Village, Begur Hobli, Bangalore South Taluk, Bangalore, measuring 48,864 Sq.feet (Converted vide Official Memorandum dated No.B.Dis.ALN.SR(S):224/92-93, Commissioner, Bangalore issued District), 9/02/1993, by which the bearing Special Property Deputy is more fully described as the "ITEM NO.1 of the SCHEDULE `A’ PROPERTY", vide Partition Deed dated 1/8/1980. Whereas, late. Sri.A.R.Aswathanarayan Reddy S/o.A.V.Rama Reddy, during his life time was a party and signatory to all the documents in the formation of Reliaable Acacia Apartment initially executed in this aforesaid project and subsequently he died intestate on 27/07/2007 leaving behind the Declarants No.1 to 4 as his legal heirs to inherit the properties left behind him. Further all the legal heirs of Sri.Ashwathnarayana Reddy were already parties in the aforesaid project and signatory to all its documents. DEVOLUTION OF TITLE TO ITEM No.2 OF SCHEDULE PROPERTY WHEREAS the Declarants at Sl.No.5 to 10 are the Owners of all that piece and parcel of portion of residentially converted Land bearing Survey No.34, situated at Ibblur Village, Begur Hobli, Bangalore South Taluk, Bangalore, measuring 16,339 Sq.feet, (Converted vide Official Memorandum dated 9/02/1993, bearing No.B.Dis.ALN.SR(S):224/92-93, issued by the Special Deputy Commissioner, Bangalore District), which Property is more fully described as the "ITEM No.2 of the SCHEDULE ‘A’ PROPERTY", having acquired the same vide a registered Deed of Sale dated 13/05/2002, which document was registered as document No.684/2002-03, in Book I, stored in C.D.No.76/2002-03, registered before the Office of the Sub-Registrar, Bangalore South Taluk, Bangalore. 5 DEVOLUTION OF TITLE TO ITEM No.3 OF SCHEDULE PROPERTY WHEREAS the Declarant at Sl.No.11 is the Owner of all that piece and parcel of portion of residentially converted Land bearing Survey No.34, situated at Ibblur Village, Begur Hobli, Bangalore South Taluk, Bangalore, measuring 9600 Sq.feet (Converted vide Official Memorandum dated 9/02/1993, bearing No.B.Dis.ALN.SR(S):224/92-93, issued by the Special Deputy Commissioner, Bangalore District), which Property is more fully described as the "ITEM No.3 of the SCHEDULE ‘A’ PROPERTY", having acquired the same vide a registered Deed of Sale dated 17/6/2000, registered as document No.2172/2000-01, Volume 4567, Pages 132 to 139, Book I, registered before the Office of the SubRegistrar, Bangalore South Taluk, Bangalore. JOINT DEVELOPMENT AGREEMENT AND GENERAL POWER OF ATTORNEY WHEREAS M/s.ANSU BUILDERS PRIVATE LIMITED, represented by it’s Managing Director Mr.Nirmal Bafna (hereinafter called the DEVELOPERS/ BUILDERS) have prepared a Development Scheme in respect of the land described in the Item No.1 and 2 of the Schedule 'A' hereto for the construction of a Multi-Storied Apartment Building and in pursuance of the Joint Development Agreement dated 12/6/2003, entered into by it with the Declarants at Sl.No.1 to 10 for the construction of a Multi-Storied Residential Apartment. Further the Declarants at Sl.No.1 to 10 have executed a registered General Power of Attorney in favour of M/s.ANSU BUILDERS PRIVATE LIMTIED, represented by its Managing Director Mr.Nirmal Bafna, interalia empowering him to act as their agent/s in the matter of developing Item No.1 and 2 of the Schedule ‘A’ Property falling to the share of the Developers/Builders. 6 WHEREAS likewise M/s.ANSU BUILDERS PRIVATE LIMITED, represented by it’s Managing Director Mr.Nirmal Bafna (hereinafter called the DEVELOPERS/ BUILDERS) have also prepared a Development Scheme in respect of the land described in the Item No.3 of the Schedule 'A' Property hereto for the construction of a MultiStoried Apartment Building and in pursuance of the Joint Development Agreement dated 9/6/2003. Further the Declarant at Sl.No.11 has also granted a registered General Power of Attorney in favour of M/s.ANSU BUILDERS PRIVATE LIMTIED, represented by its Managing Director Mr.Nirmal Bafna, interalia empowering him to act as their agent/s in the matter of developing Item No.3 of the Schedule ‘A’ Property falling to the share of the Developers/Builders. ALLOCATION AGREEMENT Whereas, as per the allocation Agreement dated 21.09.2004 and subsequent to sanction of plans, according to the final understanding and arrangement amongst the Declarants/Owners of Item No.1, the Declarants/owners of Item No.2 and Declarant/owner of Item No.3 and the Developers/Confirming parties, the parties herein have agreed to allocate Schedule the A Residential property complex amongst constructed themselves on and the Composite accordingly the Declarants/owners of Item No.1 are entitled to a total super built up area (compromise of SBUA + 1/4 of Garden & 1/3 of Terrace) of about 16,036.25 Square feet along with 13 Nos. of car parking space in the basement, the Declarants/owners of Item No.2 are entitled to a total super built up area ( compromise of SBUA + 1/4 of Garden & 1/3 of Terrace) of about 5,472.75 Square feet along with 05 Nos. of car parking space in the basement, the Declarant/owner of Item No.3 is entitled to a total super built up area ( compromise of SBUA + 1/4 of Garden & 1/3 of Terrace) of about 3,550 Square feet along with 03 Nos. of car parking space in the basement, the Developers/confirming parties are entitled to 7 a total super built up area ( compromise of SBUA + 1/4 of Garden & 1/3 of Terrace) of about 1,02,916.50 Square feet along with 85 Nos. of car parking space in the basement in residential complex constructed on the Composite Schedule ‘A’ property. COMPOSITE PROPERTY/DEVELOPMENT WHEREAS, the above said Item No.1, Item No.2 and Item No.3 Properties are situated adjacent to each other and totally measures 74,803 Sq.feet, and have been clubbed/amalgamated together and the Bommanahalli City Municipal Council has issued Katha No. 338/334 dated 19.08.2003, which Property is more fully described in the Schedule ‘A’ hereunder and hereinafter referred to as the "COMPOSITE SCHEDULE ‘A’ PROPERTY". WHEREAS, as per the Development Scheme formulated by M/s.Ansu Builders Private Limited, represented by its Managing Director Mr.Nirmal Bafna, they have obtained a License and Sanctioned Plan bearing L.P.No.Na.Ma./Aa.Sa/Tha.Sa3/Pu/27/04-05 dated 2/7/2004 from the Bangalore Development Authority, Bangalore for purpose of putting up a Multi–Storied Apartments Building Complex comprising of Five Blocks and three Tow House on the Composite Schedule ‘A’ Property. WHEREAS, the Declarants represent that, after having so acquired the right, title & interest in the Schedule Property they have paid the necessary betterment charges, cess and taxes to the local Authorities up to date. 8 WHEREAS, the Declarants and the DEVELOPERS/CONFIRMING PARTY, under the aforesaid scheme of development agreements and binding agreements, agreed for the development of the Composite Schedule A Property and to construct the apartments/buildings as per the proposed scheme named as “RELIAABLE ACACIA” a residential complex, subject to the terms and conditions contained therein and also sale of the apartments constructed thereon, in accordance with the caused, through said agreements. WHEREAS, the Declarants the DEVELOPERS/CONFIRMING PARTY herein above, construction of ________ buildings/ blocks, described/named Block-A, B, C, D & E, Row House Type-1, 2 and 3 on the Composite Schedule A Property, according to the plans, attached hereto as Composite Schedule A property, which was duly approved by Bangalore Development Authority vide License and Sanctioned Plan bearing L.P.No.Na.Ma./Aa.Sa/Tha.Sa3/Pu/27/04-05 dated 2/7/2004. Under the aforesaid scheme of development agreements and allocation agreement, person/s interested in acquiring ownership to residential apartments (with/without rights to park light motor vehicle in covered/open parking space) are required to acquire an undivided share in the Composite Schedule A Property and have the Residential Apartments constructed thereof and in pursuance of such a scheme, the CONFIRMING PARTY has worked out the undivided share of land with respect to Apartments/buildings to be constructed, which forms basis of the sale. WHEREAS, each of the said _________ buildings consists of a basement, a ground floor and three upper floors. The ground and the upper floors 9 consist of individual apartments, for residential purposes. All the upper floors are having their own entry / exit to the respective lift lobbies and the basements, being common area and facility and hence, are separate and capable of individual/exclusive utilization. WHEREAS, the Apartments in the said buildings are being sold to different persons. Each such purchaser shall have, exclusive proprietary rights thereto and each apartment constitutes a heritable and transferable immovable property for the purpose of any law for the time being in force in the State of Karnataka and also an undivided interest in the common areas and facilities, as listed hereinafter in this Deed of Declaration, necessary for their proper use and enjoyment. WHEREAS, the Cluster of these ________buildings/blocks shall be known as “RELIAABLE ACACIA APARTMENTS” and all the apartments therein, are individually identified as under:In the ground and in each of the upper floors, the various apartments on each floor, are numbered as follows: i.e., those of the ground floor will bear numbers ‘_________________’ etc., those on the first floor will bear the numbers ‘_____________________’ etc., and like in the Second and Third Floor. Hereinafter, such apartments will be referred to and identified as, block coupled with apartment number, i.e. ‘____________________’ and the like, respectively. WHEREAS, 1) the aforesaid buildings/blocks have a total built-up area of 1,14,800 Sq.ft. in the aggregate. 2) an area of __________________ Sq.ft. in aggregate, including car parking slots designated/allotted as shown in Annexure to Composite Schedule A property for specific apartment exclusively as contained in the Deed of Apartment/sale deed of 10 undivided share will constitute limited common areas and facilities, as shown in Composite Schedule A property. 3) The whole apartment of Reliaable Acacia constructed Built up area, Common Area, super Built Up Area, Terrace and Garden is described as Schedule B Property. 4) The each apartment of Reliaable Acacia with Unit Number, Name of the apartment owner, Built up area, Common Area, super Built Up Area, Terrace and Garden of each apartment is described as Schedule C Property. WHEREAS, a. The aggregate value of the “RELIAABLE ACACIA” including of value of the each apartment is Rs.__________/b. The administration of the “RELIAABLE ACACIA”, shall be in accordance with this Deed and with the provisions of the ByeLaws, Schedule D which is made part of this Deed. c. The proportionate representation for voting purpose provided in (a) hereof, shall be subject to the provisions of the Bye-Laws attached hereto as Schedule D. d. apartments and the percentage of undivided interests in the common areas and facilities appertaining to the apartment are not encumbered in any manner, whatsoever, by the Declarants. WHEREAS, as stated above, a plan of ‘Apartment Ownership’ is hereby constituted and subjected to the provisions of the Act, so that the apartments of ground / and upper floors of all the said ____________buildings/blocks, may be conveyed and registered as separate individual properties capable of independent use, on account of each having its independent entrance / exit to the common area and 11 facility of the building/blocks. Each Apartment Owner shall have an exclusive right, title and interest over his respective apartment and limited areas and facilities and in addition, the specified undivided interest in the common areas and facilities, provided that, every apartment Owner submits/files the deed of Apartments as provided under Section 5 of the said Act (Form B). WHEREAS, for the purpose of stamp duty and registration charges of this Deed of Declaration, the value of the “RELIAABLE ACACIA” is as follows (a) The buildings/blocks described in the fifth paragraph hereinabove, being aggregate built up area of 1,14,800 Sq.ft. is valued at Rs.__________________/- (Rupees ______________________ Only) @ Rs_______/- per Sq. ft, calculated in accordance with the notification ________________________, Bangalore, dated __________. (b) The value of the land described in the Schedule, herein above is included in the value of built up area contained in (a) above which includes the value of proportionate undivided share and interest in the land also and hence not required to be calculated separately. c) However, as this Deed of Declaration is a “Declaration” coming under Article 4 of the Karnataka Stamp Act, 1957 (vide order bearing DRI # 38/04-05 dated 27-07-2004 passed by the Deputy Commissioner of Stamps Bangalore Urban District) stamp duty of Rs.20/- is fixed/paid on this Deed of Declaration. WHEREAS, so long as the Declarants/DEVLOPER/CONFIRMING PARTY own one or more apartments, the Declarants/DEVELOPER/CONFIRMING PARTIES shall be subject to the 12 provisions of this Deed and the Declarants covenant to take no action, which will adversely affect the rights of the “RELIAABLE ACACIA” or any Apartment Owner of “RELIAABLE ACACIA” with respect to assurances against latent defects in the buildings/blocks or other rights assigned to the “______” by reason of the establishment of the “___________”. WHEREAS, the common areas and facilities or limited common areas and facilities shall remain undivided and no Apartment Owner is entitled to bring any action for partition or division thereof. WHEREAS, the percentage of the undivided interest in the limited common areas and facilities mentioned herein, shall not be changed except, with the unanimous consent of all the Apartment Owners. WHEREAS, the undivided interest in the common areas and facilities and or limited common areas and facilities shall not be separated from the apartment, to which it appertains and shall be deemed conveyed or encumbered with the apartment. WHEREAS, each Apartment Owner shall comply with the provisions of this Deed, the Bye-Laws, decisions and resolutions of the “RELIAABLE ACACIA APARTMENT OWNERS ASSOCIATION” and failure to comply with any such provisions, decisions or resolutions shall be a ground for an action to recover sums due for damages or for injunctive relief, or any other such actions as the Managing Committee of “RELIAABLE ACACIA APARTMENT OWNERS ASSOCIATION” deems fit. WHEREAS, the dedication of the plan of ‘Apartment Ownership’ herein, shall not be revoked, or the property removed from the plan of ‘Apartment Ownership’ or any of the provisions contained herein, unless all the Apartment Owners and the mortgagees in possession of all the mortgages concerning the particular apartment unanimously agree to 13 such revocation or amendment or removal of the property from the plan by duly registered instrument; PROVIDED that, the other provisions (except paragraph 15) of this Declaration may be amended; but such amendment shall always be kept consistent with the provisions of the Act, by a vote of at least ________% in common interest of all Apartment Owners cast at a meeting duly held for that purpose in accordance with the provisions of the Bye-Laws. No such amendment shall be effective, unless and until duly registered under the Registration Act 1908. WHEREAS, No Apartment Owner, may exempt himself from the liability for his contribution towards the common expenses by waiver of the use of or enjoyment of, any of the limited common areas and facilities or by abandonment of his apartment. In the case of abandonment of any apartment by any Apartment Owner or his heirs or legal representatives or legatee, the Managing Committee of “ASSOCIATION” shall take necessary steps, as it deems fit for the protection /maintenance thereof, for a period not exceeding 12 months. After the said period, if no proper arrangement is made in respect of such apartment by the concerned person, the Managing Committee of ‘ASSOCIATION, may initiate any action as they deem necessary, including taking possession and letting out of such apartment for the purpose of meeting the periodical maintenance charges, expenses towards property Tax and any other expenses that my be incurred towards its preservation. 14 WHEREAS, all sums assessed by the said Association, towards the common expenses pertaining to any apartment, shall constitute as a prior charge on such apartment to all other charges except, the dues to the Government or local authorities. WHEREAS, all the present or future owners, tenants, future tenants or any other person that might use the facility of any part of the building or the common areas and facilities in any manner, shall be subject to the provisions of this Deed and that the mere acquisition or receipt of rental of any of the apartments or the mere Act of occupancy of any of the said apartments or part thereof by any person shall be deemed to signify that the provisions of this Deed are accepted and ratified by such person. No apartment shall be let-out or given on leave and license or caretaker basis by any Apartment Owner for transient or hotel purposes, or for any commercial/business purposes. Subject to the foregoing obligations, an Apartment Owner shall have absolute right to lease his apartment or give it on leave and license or caretaker basis, for not less than one month provided that such lease or license or caretaker basis is specifically made subject to the covenants and restrictions contained in this Declaration and the Bye-Laws. WHEREAS, if the property subjected to the plan of ‘Apartment Ownership’ under this deed is totally or substantially damaged or destroyed, the repair, reconstruction or disposition of the property shall be as provided by the Act. WHEREAS, where an apartment is sold by a mortgagee, in exercise of his powers of sale under a mortgage or by a Court in execution of a decree in a suit, the mortgagee or the purchaser who acquires title to the apartment at such sale or his successors or assigns shall be liable for assessments by the “RELIAABLE ACACIA ASSOCIATION” which became 15 due prior to the acquisition of title by such acquirer / purchaser, it being understood however, that the above shall not be construed to prevent the “RELIAABLE ACACIA ASSOCIATION” from claiming charge for such assessments and enforcing the same as provided by law and that such charge shall be a prior charge to such mortgage. WHEREAS, in a voluntary transfer of an apartment, the Vendor of the apartment shall be jointly and severally liable with the purchaser for all unpaid assessments by such Apartment Owner against the latter, for his share of the common expenses up-to the time of the transfer, without prejudice to the purchaser’s right to recover from the Vendor the amounts paid by the purchaser. However, any such purchaser shall be entitled to a statement from the “______”, setting forth the amount of the unpaid assessments against the Vendor due to the “______” and such purchaser shall not be liable for, nor shall the apartment conveyed / transferred be subject to a charge for, any unpaid assessments made by the “________” against the Vendor in excess of the amount set forth therein. WHEREAS, the “________” shall obtain and continue in effect proper insurance cover / blanket in proper form, if requested for by a mortgagee, at the cost of the mortgagee or the mortgager of any apartment, without prejudice to the right of an Apartment Owner to obtain individual apartment Insurance. WHEREAS, the “________” shall obtain and keep in force / effect the blanket insurance cover in respect of all the apartments/the entire project, protecting from any distraction or defect caused by natural calamity or civil disturbance etc and payment of premium shall be collected from the Apartment Owners either separately or forming part of 16 the periodical assessment and a separate account shall be maintained for this purpose. SCHEDULE ‘A’ PROPERTY Item No.1: All that piece and parcel of portion of residentially converted land bearing Sy.No.34, situated at Ibblur Village, Begur Hobli, Bangalore South, measuring 48,864 Sq.feet and bounded on the East by : Private Property belonging to Srinivasa Reddy; West by : Partly by Property described in Item No.2 and partly by road; North by : Partly by Property belonging to Gowramma, partly by Property described in Item No.2 and partly by Property in Item No.3 South by : Property belonging to Mr.Anurag Jain. Item No.2 All that ‘L’ shaped portion in residentially converted land bearing Sy.No.34, situated at Ibblur Village, Begur Hobli, Bangalore South, measuring 16,339 Sq.feet and bounded on the East by : Property described in Item No.1; West by No.3 : Partly by 40 feet road and partly by Property in Item belonging to Mrs.Vidya Gupta; North by : Property belonging to Gowramma; South by : Partly by Property described in Item No.3 and Partly by Property described in Item No.1. Item No.3: All that piece and parcel of portion of residentially converted land bearing Sy.No.34, situated at Ibblur Village, Begur Hobli, Bangalore South, measuring 9600 Sq.feet and bounded on the 17 East by : Property described in Item No.2; West by : Property bearing Katha No.280/214/3; North by : Property described in Item No.3; South by : Property described in Item No.1. COMPOSITE SCHEDULE ‘A’ PROPERTY: All that piece and parcel of residentially converted land being portion of Sy.No.34, situated at Ibblur village, Begur Hobli, Bangalore South Taluk, presently bearing single Katha No.338/334, issued by the City Municipal Council, Bommanahalli, totally measuring 74,803 Sq. feet, and bounded on the East by : Property belonging to Srinivasa Reddy; West by : Partly by 40 feet wide Road; North by : Land belonging to Gowramma; South by : Portion of Property belonging to Anurag Jain. SCHEDULE ‘B’ PROPERTY SUMMARY OF ALL BLOCKS AND ROW HOUSES Sl. No. Unit No. 1 2 3 4 5 6 BLOCK-A BLOCK-B BLOCK-C BLOCK-D BLOCK-E ROW HOUSE Built up Common Super Terrace Garden area area built up Area SFT (8%) SFT SFT SFT SFT 18,675 1,494 20,169 146 985 19,042 1,524 20,566 146 1,191 19,170 1,532 20,702 146 2,940 19,156 1,533 20,689 146 1,195 19,242 1,540 20,782 146 2,049 6,528 560 7,088 1,397 18 TYPE-1 ROW 5,959 HOUSE TYPE-2 ROW 7,028 HOUSE TYPE-3 Grand 114,800 total of All Blocks and Row Houses 7 8 477 6,436 1,200 1,302 562 7,590 534 1,659 9,222 124,022 2,464 12,718 TOTAL NUMBER OF CAR PARKING IN THE BASEMENT == 106 Nos. SCHEDULE ‘C’ PROPERTY BLOCK – A Sl. No. Unit No. 1 2 3 4 5 6 7 8 001 (2Bed) 002 (3Bed) 003 (2Bed) 004 (2Bed) 101(2Bed) 102 (3Bed) 103(2Bed) 104 Owner name Built up area Common Super Terrace Garden area built up Area SFT (8%) SFT SFT SFT SFT 1035 83 1118 1235 99 1334 488 1083 87 1170 497 808 65 873 1125 90 1215 1331 106 1437 1119 90 1209 1264 101 1365 19 9 10 11 12 13 14 15 16 (3Bed) 201 (2Bed) 202 (3Bed) 203 (2Bed) 204 (3Bed) 301 (2Bed) 302(3Bed) 303 (2Bed) 304 (3Bed) Total 1124 90 1214 1331 106 1437 1117 89 1206 1264 101 1365 1125 90 1215 1331 106 1437 1119 90 1209 1264 101 1365 18,675 1,494 20,169 73 73 146 985 BLOCK – B Sl. No. Unit No. 1 001 (2Bed) 2 002 (3Bed) 3 003 (2Bed) 4 004 (2Bed) 5 101(2- Owner name Built up area Common area SFT (8%) SFT 1043 83 Super Terrace Garden built up Area SFT SFT SFT 1126 1295 104 1399 715 1083 87 1170 476 1089 87 1176 1071 86 1157 20 6 7 8 9 10 11 12 13 14 15 16 Bed) 102 (3Bed) 103(2Bed) 104 (3Bed) 201 (2Bed) 202 (3Bed) 203 (2Bed) 204 (3Bed) 301 (2Bed) 302(3Bed) 303 (2Bed) 304 (3Bed) Total 1331 106 1437 1119 90 1209 1324 106 1430 1070 86 1156 1331 106 1437 1117 89 1206 1324 106 1430 1071 86 1157 1331 106 1437 1119 90 1209 1324 106 1430 19,042 1,524 20,566 73 73 146 1191 BLOCK – C Sl. No. Unit No. 1 001 (2Bed) 2 002 (3Bed) 3 003 (2Bed) 4 004 (2- Owner name Built up area Common Super Terrace Garden area built up Area SFT (8%) SFT SFT SFT SFT 1096 88 1184 712 1296 104 1400 1714 1060 85 1145 514 1066 85 1151 21 5 6 7 8 9 10 11 12 13 14 15 16 Bed) 101(2Bed) 102 (3Bed) 103(2Bed) 104 (3Bed) 201 (2Bed) 202 (3Bed) 203 (2Bed) 204 (3Bed) 301 (2Bed) 302(3Bed) 303 (2Bed) 304 (3Bed) Total 1125 90 1215 1331 106 1437 1112 89 1201 1317 105 1422 1124 90 1214 1331 106 1437 1110 89 1199 1317 105 1422 1125 90 1215 1331 106 1437 1112 89 1201 1317 105 1422 19,170 1,532 20,702 73 73 146 2,940 BLOCK – D Sl. No. Unit No. 1 001 Owner name Built up area Common Super Terrace Garden area built up Area SFT (8%) SFT SFT SFT SFT 1073 86 1159 22 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 (2Bed) 002 (3Bed) 003 (2Bed) 004 (2Bed) 101(2Bed) 102 (3Bed) 103(2Bed) 104 (3Bed) 201 (2Bed) 202 (3Bed) 203 (2Bed) 204 (3Bed) 301 (2Bed) 302(3Bed) 303 (2Bed) 304 (3Bed) Total 1272 102 1374 688 1069 86 1155 507 1075 86 1161 1118 89 1207 1324 106 1430 1121 90 1211 1327 106 1433 1118 89 1207 1324 106 1430 1119 90 1209 1326 106 1432 1118 89 1207 1324 106 1430 1121 90 1211 1327 106 1433 19,156 1,533 20,689 73 73 146 1195 23 BLOCK – E Sl. No. Unit No. 1 001 (2Bed) 2 002 (2Bed) 3 003 (3Bed) 4 004 (2Bed) 5 101(3Bed) 6 102 (2Bed) 7 103(3Bed) 8 104 (2Bed) 9 201 (3Bed) 10 202 (2Bed) 11 203 (3Bed) 12 204 (2Bed) 13 301 (3- Owner name Built up area Common Super Terrace Garden area built up Area SFT (8%) SFT SFT SFT SFT 1075 86 1161 1069 86 1155 505 1295 104 1399 1544 1096 88 1184 1326 106 1432 1121 90 1211 1331 106 1437 1125 90 1215 1327 106 1433 1119 90 1209 1331 106 1437 1124 90 1214 1326 106 1432 73 73 24 Bed) 14 302(2Bed) 15 303 (3Bed) 16 304 (2Bed) Total 1121 90 1211 1331 106 1437 1125 90 1215 19,242 1,540 20,782 146 2049 ROW HOUSE – TYPE 1 Sl. No. Unit No. 1 001 (2Bed) 002 (2Bed) 101(2Bed) 102 (2Bed) 201(2Bed) 202 (2Bed) TOTAL 2 3 4 5 6 Owner name Built up area Common Super Terrace Garden area built up Area SFT (8%) SFT SFT SFT SFT 1090 86 1161 927 1086 86 1155 1090 104 1399 1086 88 1184 1090 106 1432 1086 90 1211 6,528 560 7,088 470 1,397 ROW HOUSE – TYPE 2 Sl. No. Unit No. 1 001 (3Bed) 002 (3- 2 Owner name Built up area Common Super Terrace Garden area built up Area SFT (8%) SFT SFT SFT SFT 1482 119 1601 671 1490 119 1609 631 25 3 4 Bed) 101(3Bed) 102 (3Bed) TOTAL 1492 119 1611 600 1495 120 1615 600 5959 477 6436 1,200 1,302 ROW HOUSE – TYPE 3 Sl. No. Unit No. 1 001 (3Bed) 002 (2Bed) 101(3Bed) 102 (3Bed) 202 (3Bed) TOTAL 2 3 4 5 Owner name Built up area Common Super Terrace Garden area built up Area SFT (8%) SFT SFT SFT SFT 1492 119 1611 925 1094 88 1182 1495 120 1615 1468 117 1585 1479 118 1597 7028 562 7590 734 534 534 1,659 IN WITNESS WHEREOF the Declarants through their Attorney, M/s. ________, (earlier a Public limited Company) represented by its Assistant General Manager and Authorised Signatory ______, for and on behalf of the said Declarants and the CONFIRMING PARTY hereto set, sign and execute this Deed of Declaration, on the day mentioned above. 1. (A.RAMA REDDY) Represented by his SPA Holder Sri.Janardhna 26 2. (A.LAVANYA) Represented by his SPA Holder Sri.Janardhna 3. (A.NARASIMHA REDDY) Represented by his SPA Holder Sri.Janardhna 4. (H.R.ANUSUYA) Represented by his SPA Holder Sri.Janardhna 5. (H.P.KRISHNA REDDY) Represented by his SPA Holder Sri. SURENDRANATH 6. (G.SUNANDAMMA) Represented by his SPA Holder Sri. SURENDRANATH 7. (S.R.MANJULA) Represented by his SPA Holder Sri. SURENDRANATH 8. (R.SUMATHI) Represented by her GPA Holder Sri.H.P.Rama Reddy represented by his SPA Holder Sri.Janardhna 9. (H.P LAKSHMANA REDDY) Represented by his SPA Holder Sri. SURENDRANATH 27 10. (GOVINDAPPA) represented by his S.P.A. Holder Sri. SURENDRANATH 11. (VIDYA GUPTA) Represented by her GPA Holder Sri. Nirmal Bafna represented by his GPA holder M/s Reliaable Acacia Represented by its Partners (i) Sri.H.P.Rama Reddy and (ii) Sri.A.Rama Reddy. 2. DECLARANTS (Sri. NIRMAL BAFNA) Represented by its Managing Director, M/s. Ansu Builders (P) Ltd Represented by its GPA Holder M/S.RELIAABLE ACACIA, Represented by its Partners. 1. (H.P RAMA REDDY) 2. (A.RAMA REDDY) Represented by their SPA Holder Sri. Janardhna DEVELOPERS/CONFIRMING PARTY IDENTIFIED BY ME. ADVOCATE 28 SCHEDULE -D BYE – LAWS OF THE RELIAABLE ACACIA APARTMENTS OWNERS ASSOCIATION Contents Sl. No Heading CHAPTER-I 01 Short Title and Application 02 Definitions 03 Submission to Apartment Ownership 04 Objects of the Association 05 Members of Association and share holding 06 Joint Apartment Owners 07 Disqualification CHAPTER-II-A DMINISTRATION 08 Powers and duties of the Association 09 Place of meeting 10 General meeting 11 Special General Body Meeting 12 (1) Notice of meetings 29 (2) Notice of Meeting 13 Decision in the meeting 14 Order of Business CHAPTER-III-VOTING AND QUORUM 15 Voting 16 Quorum 17 Vote to be cast in person CHAPTER-IV-MANAGING COMMITTEE 18 Management of the Association 19 Election and term of office of members of Management Committee 20 Powers and duties of the Management Committee 21 Removal of the members of the Management Committee 22 Meeting of the Management Committee 23 Office Bearers 24 Periodicity and notices etc., 25 Special meetings 26 Quorum 27 Fidelity Bonds CHAPTER-V-OBLIGATIONS OF THE APARTMENT OWNERS 28 Meeting the expenses 29 Maintenance and repair 30 Use of apartment 31 Use of common areas and facilities 32 Right of entry 33 Code of conduct CHAPTER-VI-FUNDS AND THEIR INVESTMENT 34 Funds 35 Investments 36 Accounts 30 37 Publication of Accounts and reports 38 Appointment of auditors 39 Power of auditor CHAPTER-VII-NOTICE OF CHARGES 40 Notice of creation of charge 41 Notice of unpaid assessment 42 Notice CHAPTER-VIII-AMENDMENTS TO BYE LAWS 43 Amendment of Bye-Laws CHAPTER-IX-MISCELLANEOUS 44 Seal of the Association 45 Compliance 46 Honorarium 47 Litigation 48 Resolution of disputes 49 Finality 50 Indemnity CHAPTER-X-ELECTION RULES 51 Election(to Management Committee)Rules 31 BYE – LAWS OF THE RELIAABLE ACACIA APARTMENTS OWNERS ASSOCIATION Chapter I 1. Short title and application – (1) These Bye-Laws may be called the “Bye-Laws of the “RELIAABLE ACACIA APARTMENTS OWNERS ASSOCIATION” (Postal Address : ___________________________________________ ________________________________________________________________ ____________ _________________________________________________). (2) The provisions of these Bye-Laws apply to the RELIAABLE ACACIA APARTMENTS as a whole and in particular, to all the present or future Apartment Owners, tenants, or their employees, or any other person, who might use the common areas and facilities of the RELIAABLE ACACIA APARTMENTS in any manner, shall be deemed to be regulated by these Bye-Laws. Note: Mere acquisition or receipt of rent or taking on leave and license or caretaker basis, any apartment or any part of RELIAABLE ACACIA APARTMENTS or mere occupation of any apartment or part of it, will be deemed to signify that these Bye-Laws are accepted/ratified and will be complied with by such person. 2. Definitions – (1) In these Bye-Laws, unless it is repugnant to the context or meaning or requires otherwise,- 32 (a) “Act” means, the Karnataka Apartment Ownership Act, 1972 (Act No. 17 of 73); (b) “Apartment ‘owners’ means a person or persons in whose name the apartment/property at “M/s.RELIAABLE ACACIA” has been purchased from the builders/Owners, or has been acquired subsequently, through transfers, duly supported by proper documents like proof of purchase from the Builders/Vendors/Owners registration of absolute sale deed/s of the property/apartment or Will or probate or bequethment from the deceased owner/s of the concerned apartment/s or any other document legally acceptable for establishing ownership of the concerned apartment under the appropriate law. A unit can be represented in the managing committee by the owner or his/her spouse and not by both and in case of joint owners of an unit/apartment they can be represented by one of them only and not by both in the managing committee for voting in the General or Special meeting, (c) “Association” means, the Association of all the Apartment Owners constituted by such Apartment Owners for the maintenance and upkeep of RELIAABLE ACACIA APARTMENT, formed in accordance with the Deed of Declaration and these Bye-Laws, being part of the Deed of Declaration. (d) “building” means, the building/block situated in the piece and parcel of residentially converted land being portion of Sy.No.34, situated at Ibblur village, Begur Hobli, Bangalore South Taluk, presently bearing single Katha No.338/334, issued by the City Municipal Council, Bommanahalli, totally measuring 74,803 Sq. feet,, described in Composite schedule-A property. (e) “Competent Authority” means, the Registrar; (f) “Declaration” means, the Deed of Declaration which all the Owners of the land, whereupon the RELIAABLE ACACIA APARTMENTS is constructed, have executed and registered as provided in section 2; (g) “General Body” means, the body of all the Apartment Owners of the RELIAABLE ACACIA APARTMENTS; (h) “limited common areas and facilities” means, the areas and facilities, as enumerated/described in Schedule ‘C’ of the Deed 33 of Declaration along with the car parking slot and terrace, if any, allotted to the respective apartment; (i) “majority of Apartment Owners” means, the Apartment Owners holding 51% of the current owners, present in the meeting for voting, with a minimum floor presence of 18. If 51% results in a fraction, the same will be rounded off to the next higher number; (k) “Managing Committee” means, the body of representatives of all the Apartment Owners, consisting of not more than 18 (eighteen) Apartment Owners, duly elected/constituted in accordance with these Bye-Laws; (l) “Registrar” means the Registrar, of Co-operative Societies appointed under the Karnataka Co-operative Societies Act, 1959; (m) “section” means, a section of the Act. (n) Financial year means the financial year of the association which begins on the 1st of April every year and ends on the 31st of March of the succeeding year. (2) The words, phrases and expressions used in these Bye-Laws, not specifically defined but defined in the said Act or in the Karnataka Ownership Flats (Regulation of Construction, Sale, Management and Transfer) Act 1972 or the Rules framed there under shall be having the meaning assigned therein. (3) In these Bye-Laws, singular is inclusive of plural and gender is inclusive of male and female, as required in the context in which it is to be applied. 3. Submission to Apartment Ownership. (1) The building, defined above, “RELIAABLE ACACIA APARTMENTS” is, submitted to the provisions of the Act. (2) The affairs and management of “RELIAABLE ACACIA APARTMENTS” shall be governed by the provisions of the Deed of Declaration, these Bye-Laws and the said Acts. 34 (3) The object of the Deed of Declaration and these Bye-Laws is to provide each apartment, an independent legal status capable of being owned and dealt with by the concerned Apartment Owner independently, separate from other apartments, for all the legal and formal purposes or requirements; PROVIDED that, such independent legal status of an apartment shall be subject to the compliance with the requirements of these Bye-Laws, execution of the Declaration as per section 5 of the Act by each Apartment Owner and compliance with requirements of the said Act as well as the Karnataka Ownership Flats (Regulation of Construction, Sale, Management and Transfer) Act 1972 and the Rules framed thereunder. (4) It is mandatory for all the Apartment Owners to file a separate declaration as provided under section 5(2) of the Act. 4. Objects of the Association, (1) The objects of the Association shall be – (a) to be and to act as the Association of all the Apartment Owners of RELIAABLE ACACIA APARTMENTS, or who have been deemed to be subjected to be regulated or accepted, ratified or will be complying with these Bye-Laws; (b) to collect, invest, deposit or expend monies in furtherance of the objects of the Association; as well as accession of property as approved by the General Body. (c) to provide for regular maintenance, repair and replacement of the common areas and facilities, by raising contributions from the Apartment Owners or residents or otherwise; (d) to retain or to let out or grant on leave and license, if required, suitable portions of the common areas and facilities for any commercial exploitation serving the Apartment Owners, and to distribute the common profits amongst the Apartment Owners or accumulate the same for building up Reserve Fund; (e) to provide for and to do all or any of the matters provided in sub-section (2) of section 16 of the Act; 35 (f) to tender advise, guide, assist or train any person regarding the implementation of any of the provisions of these Bye-Laws or any matter relating to community living; (g) to establish and to carry on by itself or through any outside agency or jointly with any individual or institution, educational, managerial, financial, social and recreative activities for the benefit of the Apartment Owners; (h) to frame, schemes or such other set of regulations, with the approval of the General Body, and after consulting the Competent Authority, to establish a Provident Fund and/or Gratuity Fund, if necessary, for the benefit of the regular employees of the Association; (i) to form or constitute any committee or sub–committees, consisting of Members of the Managing Committee exclusively or of Members of the Managing Committee and any Apartment Owner/s or exclusively of Apartment Owners, as the Managing Committee deems fit, for the purpose of managing, administering or supervising or for any such purpose, as the Managing committee deems fit, in the interest of the Apartment Owners; (j) to frame necessary regulations or schemes or set of instructions, for the purpose of administration/management of the affairs of the RELIAABLE ACACIA APARTMENTS, with the approval of the General Body. (k) to incur any expenditure in creation or augmentation or improvement of common areas and facilities for the benefit of the Apartment Owners; (l) to retain or let-out or give on leave and license basis any portion of the common areas, without causing any nuisance to any Apartment Owner or resident, for any social, religious, cultural and recreational purposes as per the regulations framed by the Association, or subject to such terms and conditions as the Managing Committee deems fit; (m)to take up construction of any structure in the common areas and facilities, if found necessary, for the benefit of the Apartment Owners and to establish and maintain any service by engaging appropriate service providers and to collect necessary contribution from the respective Apartment Owner or 36 the resident or from all the Apartment Owners/residents, if necessary, in respect of such matters; (n) to do all acts, deeds and things necessary or incidental to the attainment of any or all the objects specified in these Bye-Laws. (2) The Association shall not act beyond the scope of its objects without duly amending the provisions of these Bye-Laws. 5. Members of Association and Share Holding, (1) Any person, who acquires an apartment in the RELIAABLE ACACIA APARTMENTS, shall automatically become a member of the Association and shall pay one rupee as entrance fees and shall also purchase/hold at least one share of the face value of Rs.100/towards the corpus of the Association, which is non-refundable. (2) All the Apartment Owners for the time being, and at all times, constitute the General Body of the Association. (3) Each Apartment Owner is entitled to have an authenticated copy of these Bye-Laws on payment of Rs. 100/- being the cost of printing/authenticating of such copy. (4) Upon any Apartment Owner, selling his apartment or absolutely conveying the same by way of gift or bequeath or otherwise, the respective purchaser or the donee, as the case may be, shall automatically become a Member of the Association and shall be admitted as a Member on payment of the entrance fee of Re. 1 and the share/s held by the seller or the donor of such apartment shall be transferred in the name of such purchaser or the donee, as the case may be. Such transfer shall be deemed to transfer of entire right title and interest held by such transferor in the RELIAABLE ACACIA APARTMENTS or in the Association. Consequently, such transferor shall cease to be a member of the Association from the date of such transfer and shall have no right or claim or interest in the Association from such date and no claim against the Association by such transferor shall lie. PROVIDED that, any right, title or interest or portion thereof or part thereof remains expressly/specifically not so transferred to the transferee under such transfer, such right title or interest or portion thereof or part thereof shall be deemed to have accrued to the Association and the same shall be included in the common areas and facilities of RELIAABLE ACACIA APARTMENTS. 37 (5) On the death of an Apartment Owner, his apartment shall be transferred to the person/s to whom it is bequeathed, by his WILL or in the absence of such specific bequeath, to the heirs or legal representatives of his estate on production of the necessary documents by the heirs or legal representatives to the satisfaction of the Managing Committee. The name of such successor shall be substituted in the records of the Association appropriately. Where, a legatee is a minor, the Apartment Owner shall be entitled to appoint a guardian of such minor. 6. Joint Apartment Owners, Where, an Apartment has been acquired/owned by two or more persons jointly, they shall be jointly entitled to the apartment and the share of the Association shall be issued in their joint names; but the person whose name stands first in the Share Certificate shall alone have the right to vote, and in his absence the second and successive persons, in order of priority, may exercise vote, subject to the condition, that such proposed exercise is notified to the Association well in advance. 7. Disqualifications, No Apartment Owner shall be entitled to be or continue to be a member of the Managing Committee or to vote in the election of members of the Managing Committee or contest as a candidate in such election, if such Apartment Owner fails to execute Declaration in Form B, provided u/s 5 of the Act or is in arrears in respect of his contributions for common expenses to the Association for more than 90 (ninety) days or is an un-discharged, insolvent or an adjudicated insane or a minor (except through his guardian) or convicted for an offence punishable for a period of over 3 (three) months, until the expiry of 3 (three) years form the date of discharge. Chapter II ADMINISTRATION 8. Powers and duties of the Association, The Association will have the responsibility of managing and administering the RELIAABLE ACACIA APARTMENTS, in accordance with these bye-laws, rules or regulations or resolutions of the Association and to carry out/implement/execute all things, acts and deeds as decided or directed by the General Body, from time to time. 9. Place of Meeting, - 38 General Body meeting of the Association shall be held at suitable place, date and time, convenient to the Apartment Owners as may be, decided by the Managing Committee. 10. General Meeting, The first General Body Meeting of the Association shall be held within three months (a date notified by the M.C) from the date of constitution of the Provisional Managing Committee as provided under the Deed of Declaration. The duly elected candidates shall be appointed as the members of the Managing Committee in the said meeting. Thereafter, the Annual General Body Meeting of the Association shall be held within a month from the date of receipt of audited balance sheet of the account of the Association or in or around the month of July, of each successive year, on a date specifically notified by the Managing Committee. At such meetings, the Apartment Owners may, transact such business of the Association, as may be brought before them. 11. Special General Body Meeting, (1) It shall be the duty of the President to call a Special General Body meeting as directed by a resolution of the Managing Committee or the General Body or upon a petition/letter signed by a majority of the Apartment Owners requesting for the same. (2) The proceedings of the meeting of the General Body shall be circulated by the Secretary to all the Apartment Owners with in 21(twenty-one) days from such meeting. 12. (1) Notice of Meetings, It shall be the duty of the Secretary to mail or send to each Apartment Owner, a notice of each Annual or Special General Body meeting, stating the purpose thereof, as well as the date, time and place, where it is proposed to be held so as to reach the Apartment Owner atleast 14 (Fourteen) days prior to such meeting. The mailing or delivering or posting the notice to the concerned Apartment and displaying on the notice board of the association shall be deemed to be sufficient service of notice. Notices of such meetings shall also be sent to the Registrar. (2) Adjourned Meeting, - 39 If any meeting of the Association cannot be proceeded with for want of quorum, the meeting may be adjourned to a time not less than one hour from the time the original meeting was scheduled, at the same place. If, at such adjourned meeting, no quorum is present, the Apartment Owners present in person, shall be deemed to form the quorum and the business of the scheduled meeting may be proceeded with, as if there is Quorum. 13. Decisions in the Meeting,(1) All the decisions of the General Body meeting or that of the Managing Committee or that of any committee specially appointed in terms of these Bye-Laws shall be arrived at, after due deliberation and unanimously. (2) Where any issue, after due deliberation in the meeting cannot be unanimously decided, such issues shall be decided by majority of the votes cast in accordance with the provisions of these ByeLaws. (3) Where, opinion or the vote in respect of any issue, after due deliberation in the meeting is equally divided, the Presiding Officer may, cast his additional vote and arrive at the decision by majority. (4) All the decisions taken in any meeting shall be reduced in the form of resolution, precisely depicting the decision. (5) The decisions arrived at, in-accordance with the above procedure in any meeting, shall be binding on all the Apartment Owners and also the residents, irrespective of whether, any Apartment Owner raised objections to such decision or opposed such decision in the respective meeting. (6) A separate register in respect of each category of meetings shall be maintained by the Secretary and each resolution shall be distinctly recorded, signed by the Secretary and the President in such register and preserve it permanently. (7) A copy of any resolution duly authenticated by the authorized person of the Managing Committee is the proof of such resolution. 14. Order of Business, - 40 (1) The order of business at all meetings shall be in accordance with the agenda/notice of meeting. (2) Minutes of the meetings shall be circulated to all the Apartment Owners within 21 (twenty-one) days from such meeting. Chapter III VOTING AND QUORUM 15. Voting , For the purpose of election of the Managing Committee member or for deciding any issue/matter put forward in the General Body meeting, each Apartment Owner shall have the number of votes assigned to each apartment worked out approximately on the basis of percentage of interest owned, as contained in Schedule C to the Deed of Declaration. Voting shall be by show of hands or ballot as the situation demands. 16. Quorum , Except, as otherwise provided in these Bye-Laws, the presence in person of ______ Apartment Owners or such number of Apartment Owners, the aggregate votes of whom is not less than 1/4th of the total number of votes, shall constitute a quorum for the General Body meeting. 17. Vote to be cast in person , Vote shall be cast in person by the Apartment Owner. Chapter IV MANAGING COMMITTEE 18. Management of the Association, (1) The administration of all the affairs and the entire management of the Association, vests exclusively in the General Body and the same will be conducted, executed, administered and managed through the Managing Committee, represented by the elected or selected members of all the Apartment Owners, in-accordance with these Bye-Laws. (2) The General Body may, from time to time, issue directions or guidelines to the Managing Committee in respect of any matter or issue pertaining to the administration and management of the Association. Such directions or guidelines are binding on the 41 Managing Committee and the Managing Committee, if so required, report back to the General Body regarding the implementation of such directions or guidelines. 19. Election and term of office of Members of the Managing Committee, (1) Constitution of the Provisional Managing Committee; The first Managing Committee shall be provisionally constituted by the Declarants/Builders namely, M/s.Reliaable Acacia and M/s Ansu Builders within Sixty days from the date handing over the substantial number of completed apartments to the respective owners or within 18 (eighteen) months from the date of registration of this Deed of Declaration, whichever is earlier and hand over the management of the Apartments/project to the Association forthwith. (2) The Apartment Owners, present in the first Special General Body meeting, as contemplated above, shall appoint 18 (eighteen) Apartment Owners, duly elected in accordance with the Election Rules, as the members of the Managing Committee. (3) At the first Special General Body Meeting, the term of office of 6(six) Members of the Managing Committee shall be fixed for a period of 3(three) years; the term of office of another set of 6(six) Members of Managing Committee shall be fixed for 2(two) years and the term of office of the remaining 6(six) Members of Managing Committee shall be fixed for one year. (4) At the expiration of the respective period fixed in the first Special General Body Meeting, the respective Member of the Managing Committee shall retire and an equal number of Apartment Owners will be elected and appointed for a period of 3(three) years. (5) The Managing Committee members so appointed, however, shall hold office until their successors have been elected and appointed in accordance with these Bye-Laws. (6) The vacancies caused in the Managing Committee every year, by way of periodical retirement, shall be filled by the Apartment Owners in accordance with the Election Rules of these Bye-Laws. PROVIDED that temporary vacancies in the Managing Committee caused by any reason, other than the removal of a Member by the Association as 42 provided hereunder, shall be filled by vote of the majority of the remaining members of the Managing Committee, even though they may constitute less than a quorum and each such Member shall hold office only upto the expiry of the period upto which, the previous incumbent would have continued. (7) No transaction or business or acts, deeds or things carried on by the Managing Committee shall be invalidated for the reason of any subsequent discovery of any error, either in the process of election of members of the Managing Committee or in the constitution of the Managing Committee, unless the Apartment Owners resolve otherwise, in any Special General Body meeting. 20. Powers and duties of the Managing Committee,(1) The Managing Committee shall have all the powers and duties necessary for the administration of all the affairs of the Association, and may do all such acts, deeds and things as are required, permitted and expected to be done or performed by the Apartment Owners, under these Bye-Laws or under any other law for the time being in force. (2) Without prejudice to the generality of the powers and duties of the Managing Committee stated in the preceding subparagraphs, the Managing Committee shall also do all acts, deeds and things, as required under the resolution of the Association and the Managing Committee shall be responsible for the following :(a) calling the Managing Committee meeting and the General Body meeting with appropriate agenda, from time to time; (b) carry out regular maintenance of the RELIAABLE ACACIA APARTMENTS; (c) manage the up-keep, surveillance of the building /apartments, including common areas and facilities and limited areas and facilities and protect the RELIAABLE ACACIA APARTMENTS as a whole; (d) to prepare and present proper budget for the maintenance and up-keep of RELIAABLE ACACIA APARTMENTS and get the approval of the General Body; (e) fixing/deciding maintenance charges and collection thereof periodically; 43 (f) operating the bank accounts as per these Bye-Laws and or in accordance with the special procedure approved by the General Body; (g) appointing proper personnel for the purpose of carrying out the objects of the Association, including providing service conditions of such employees with the approval of the General Body; (h) inviting any expert or any specialist in any particular field in order to fulfill one or more of the objectives of the Association and deliberate with them, which fact shall be notified to the General Body, either separately or in consolidation; (i) expelling any member of the Managing Committee in case such Member incurs any disability to be a member of the Managing Committee as provided in these Bye-Laws; (j) admission of new member to the Association, in accordance with these Bye-Laws; (k) maintaining proper books of accounts as required by law, custom or usage or as directed by the General Body in respect of all or any act, deed or thing carried on from time to time; (l) entering into necessary agreements/contracts with appropriate person or body for providing any service or facility including general maintenance, security, maintenance of lift, generators, water supply, telephone, intercom, cable network, housekeeping and gardening etc., in keeping with the aims and objects of the Association; (m) conducting annual General Body meeting, special General Body meeting and such other meeting in appropriate manner, in accordance with these Bye-Laws; (n) accepting from any person, any grant, donation, propertiesmovable or immovable, in furtherance of the objective of the Association; (o) considering proposals for making or amending any scheme or regulations or resolutions and to recommend them for approval of the General Body; 44 (p) up-dating proper records relating to the property of the RELIAABLE ACACIA APARTMENTS in relation to various Authorities like KPTCL, BWSSB etc., and to take necessary steps, from time to time in that regard; (q) safe-keeping all the important papers, documents, drawings, plans, approvals, securities, valuables etc., of the Association and make them available for inspection by any Apartment Owner or any person authorized under any law for the time being in force to do so; (r) regulating any structural modifications by any Apartment Owner, so as to protect the interest of all the Apartment Owners of RELIAABLE ACACIA APARTMENTS; and, (s) to appoint any committee, sub-committee for dealing with any issues/matters or work/act/deed, as the Managing Committee deems fit from time to time, for achieving any of the objects of the Association. (t) to do all acts, deeds and things, necessary or incidental to promote the objects of the Association and if necessary, to take any emergent actions as it deems fit for the aforesaid purpose; 21. Removal of Members of the Managing Committee, At any Special General Body Meeting, duly called for that purpose, any Member of the Managing Committee may be removed with or without assigning any specific reason for the same, by a majority of the Apartment Owners and a successor may then and there be nominated to fill the vacancy thus created. And such nominated member shall hold office until the expiry of the period for which vacancy he was so nominated. However, any Member of the Managing Committee, whose removal has been proposed by the Apartment Owners, shall be given an opportunity to be heard at such meeting before his removal. 22 Meeting of the Managing Committee ,(1) The provisional Managing Committee shall hold its meetings at the earliest and take appropriate and all necessary steps for calling of the first Special General Body meeting and also for election of Members to the Managing committee in accordance with these Bye-Laws and handover the entire affairs of the Association to the newly elected Managing Committee at the earliest, and at any rate before the expiry of the period contemplated in paragraph 10 45 herein before, the Members of the provisional Managing committee shall be free from any right or obligation in respect of any matter pertaining to the Association. (2) The first meeting of the newly elected and appointed Managing Committee shall be held within 10(ten) days of such appointment, at such place, as shall be fixed by the members of the Managing Committee at the meeting at which such members were appointed and no separate notice shall be necessary for such meeting. (3) The order of business in the said meeting of the Managing Committee, as far as possible, shall be as follows:(a) nomination/election of one of the Members of the Managing Committee to preside over the meeting. (b) calling the meeting to order by the President. (c) election of a President, a Vice – President, a Secretary, a Joint – Secretary, a Treasurer and a Joint – Treasurer from amongst the members of the Managing Committee if necessary, by majority of the members of the Managing Committee present and vote. The office bearers so elected, shall hold office for a period of one year or until their successors are appointed, in accordance with these Bye-Laws; (d) the further proceedings of the meeting shall be presided over by the elected President or in his absence, by the Vice – President, or in the absence of both, by such office bearer nominated/elected by the members of the Managing Committee present. The meeting shall further proceed to transact the business, scheduled for such meeting or any other business with the permission of the President. (4) For the purpose of the conduct of business of the Managing Committee, member of the Managing Committee shall have one vote each, irrespective of his entitlement to vote differently in the General Body meeting. (5) The decision of the majority of the members of the Managing Committee, present in the meeting, shall constitute the decision of the Managing Committee in relation/issue/subject, dealt with/deliberated in the meeting of the Managing Committee. PROVIDED that, where opinion of the Members of the Managing Committee, in respect of any matter or issue is equally divided, the 46 President or the Presiding Officer, as the case may be, may cast an additional vote to enable to resolve such issue or matter. (6) The decision of the Managing Committee in respect of any matter or issue shall be final and binding on all the Apartment Owners and residents of RELIAABLE ACACIA APARTMENTS, unless and until such decision, is varied subsequently, either by the Managing Committee or by the General Body. (7) A copy of a resolution passed by the Managing Committee, duly authenticated by the authorized person of the Managing Committee, is the conclusive proof of the existence of such resolution. (8) Minutes of the Managing Committee meetings shall be circulated to all the Members of the Managing Committee by the Secretary within 15 (fifteen) days from the date of such meeting. 23. Office Bearers, (1) The President: The President shall be the Chief Executive Officer of the Association and the absolute control and regulation of all the affairs of the Association vest in him. He shall preside over, at all meetings of the Association and the Managing Committee. Subject to the provisions of these Bye-Laws, the President shall have powers to appoint committees from among the Members of the Managing Committee or the Apartment Owners or in combination of both, from time to time, as he deems fit, to assist him or the Managing Committee, as the case may be, in the conduct / business of the Association in most appropriate manner beneficial to the Association. (2) Vice - President : The Vice – President, shall assume the place of the President and perform his duties, whenever the President is absent or unable to act. The Vice – President shall also perform such other duties, as specified by the Managing Committee from time to time. (3) Secretaries : The Secretary, and in his absence, the Joint – Secretary, shall maintain the minutes of all the meetings of the Managing Committee and the General Body; he shall have charge of such books and papers as the Managing Committee may specify and 47 shall, in general, perform, all duties necessary and incidental to the office of the Secretary. (4) Treasurer : The Treasurer shall be custodian of all the funds and the valuable securities of the Association and shall also be responsible for keeping full and accurate accounts of all receipts of money and disbursements in the appropriate books maintained by the Association, regularly. He shall be responsible for collection of all the dues to the Association, including the periodical assessment of maintenance charges from the Apartment Owners/residents and for the deposit of all monies and valuable effects / securities in the name and to the credit of the Association with such banks or depositories, as may be designated by the Managing Committee, from time to time. The Joint – Treasurer is required to assist the Treasurer in his discharge of duties as Treasurer and in the absence of the Treasurer or when the Treasurer is unable to act, officiate, function and discharge the duties of Treasurer. (5) Managing Committee Members : The Managing Committee shall comprise of six office bearers stated above and eight committee members. 24. Periodicity and notice etc., The Managing Committee shall meet at such date, time and place, as may be determined, from time to time, by a majority of Members of the Managing Committee, but atleast once a months. Notice of such meetings of the Managing Committee shall be sent to each Member of the Managing Committee, atleast 3 (three) days prior to the day of the scheduled meeting. PROVIDED that, in emergent situation the President, or in his absence the Secretary or any Member of the Managing Committee, by circulating a notice to all the Members of the Managing Committee on the relevant subject and the urgent decisions to be taken to protect the interest of the Association, may obtain the consent or views of each Member and the decision of the Majority shall be adopted on such emergent issue and acted accordingly, subject to ratification of the same in the next meeting. 25. Special Meetings , - 48 Special Meeting of the Managing Committee may be called by the President with one day’s notice to each Member of the Managing committee, at such place, time and date as specified in the notice for transacting any business of the Managing Committee. However, the President or the Secretary shall call the special Meeting in the like manner, with the like notice, on the written request of at least 5 (five) Members of the Managing Committee. 26. Quorum , 7 (seven) Members of the Managing Committee shall constitute the quorum for the meeting of the Managing Committee. PROVIDED that, if at any meeting of the Managing Committee, there be want of quorum, the business of such meeting, may be adjourned to be held at such other time, date and place, without any further notice and the Members of the Managing Committee present during such adjourned meeting, as if the required quorum is present. The majority decision taken in such meeting shall be deemed to be the decision of the Managing Committee. 27. Fidelity Bonds , The Managing Committee may, require that all or any officer or employee of the Association or any other person handling or responsible for funds or any money of the Association, to furnish adequate Fidelity Bond. Chapter V OBLIGATIONS OF THE APARTMENT OWNERS 28. Meeting the Expenses, (1) All the Apartment Owners are obliged to pay the periodical assessment fixed, from time to time, by the Managing Committee or the General Body, as the case may be, to meet the expenses relating to the RELIAABLE ACACIA APARTMENTS, which may include payment of insurance premium for a policy to cover repair and reconstruction work in case of fire, earthquake, hurricane or other hazards or calamities. The assessment shall be made on prorata, according to the percentage of the value of the Apartment owned as stipulated or the area of the apartment in the Deed of Declaration as decided by the General Body. Such assessment shall also include remittance to General Operating Reserve and a Reserve Fund for re-construction or replacements. All payments need to be made by local cheques (Bangalore Branch). In the event 49 of outstation cheques, the clearing amount charged by the bank will be borne by the owner(s)/resident(s) who have furnished such cheques. PROVIDED that, the General Body, may specify or classify certain items of expenditure, not to be included for the purpose of pro-rata calculation but the same should be calculated per Apartment Owner basis. (2) Any Apartment Owner, who fails to pay for a period of 1(one) months from the due date any payment due to the Association shall be deemed to be a defaulter and shall not be entitled to stand for election to the Managing Committee or to continue to be the member of the Managing Committee or to vote in any proceeding of the Association, until such dues are cleared. (3) Non-payment of any dues to the Association for 1 (one) month or more shall constitute just and sufficient reason, in terms of the Regulation of the Promotion of Construction, sale, Management and Transfer Rules 1972 and the Association shall be within its right to deny the use of or all any facilities and services, including the supply of water, and denial of any other facilities available for such Apartment Owner or resident, as the case may be, apart from deducting such dues from the security deposit, if any, made by such Apartment Owner and such defaulter will be liable to pay an interest @2% per month from the date of accrual of such outstanding amount until the arrears are cleared to the satisfaction of the management committee.. PROVIDED that, before taking any such action a notice of not less than 15 (fifteen) days should be effected to such Apartment Owner or the resident, as the case may be. 29. Maintenance and repair, (1) Every Apartment Owner must perform/effect promptly, all maintenance and repair work within his own apartment, which if unattended, would adversely affect the RELIAABLE ACACIA APARTMENTS in entirety or in part or any other apartment and shall be responsible for the damages and liabilities that his failure to do so, may endanger, at the expenses of the respective Apartment Owner. (2) An Apartment Owner, shall reimburse the Association with any expenditure incurred in repairing or replacing any limited common areas and facilities, if the concerned Apartment Owner fails to carryout such repairs or replacement within reasonable time after notice given by the Association or any other affected person. 50 30. Use of the apartment, (1) All the apartments shall be utilized for residential purposes only and/as described in the Schedule C. PROVIDED that, with the prior approval of the General Body any apartment or part of an apartment may be used for semi residential purpose, for the benefit of the Apartment Owners, subject to such terms and conditions, as the General Body may impose. (2) An Apartment Owner shall not make any structural alteration in his apartment or installations located therein, without prior notice to the Association in writing. The Association shall have the obligation to answer such notices within 15 (fifteen) days of receipt of it and failure to do so, within the said period, shall be deemed that there is no objection to the proposed modification, alteration or installation. 31. Use of Common Areas and Facilities,(1) No Apartment Owner or resident of APARTMENTS shall place or cause to be packages or any material in the lobbies, elevators or in any other common areas RELIAABLE ACACIA APARTMENTS; RELIAABLE ACACIA placed any furniture, vestibules, stairways, and facilities of the (2) Required number of elevators have been provided in the building, which is meant for the transportation of the Apartment Owners, their family members and their guests as well as for freight service or auxiliary purposes. The Apartment Owners and the residents should ensure that the lifts are not miss-utilized. 32. Right of entry, (1) An Apartment Owner shall grant entry to any person authorized by the Managing Committee, in case of any emergency originating in or threatening his apartment, irrespective of whether the Apartment Owner is present at that time or not. (2) An Apartment Owner shall permit any other Apartment owner or his representative, when so required entering his apartment for the purpose of performing installations, alterations or repairs: PROVIDED that, request for such entry is made in advance and such entry is scheduled to take place at time convenient to the Apartment 51 Owner. However, in case of an emergency, such right of entry shall be imminent and be allowed. 33. Code of Conduct, (I) Every Apartment Owner and every resident of RELIAABLE ACACIA APARTMENTS shall:1) abide by these Bye-Laws and follow all instructions of the General Body or the Managing Committee meticulously; 2) make his best endure to practice and follow the concept of community living by discharging his own duties and obligations and honouring the rights and liberties of all other residents of RELIAABLE ACACIA APARTMENTS; 3) ensure that the building and the common areas are kept clean and tidy in all respects and that garbage or trash is thrown only in the disposal installations provided for such purposes; 4) ensure that the staff employed by him bear a good character and shall be responsible for their good behavior and actions while in service; 5) maintain dignity and ensure family members, friends and relatives and visitors on their visit maintain dignified behavior and carry good-will and sweet memory of RELIAABLE ACACIA APARTMENTS; 6) ensure that his children play only at specified place allotted, if any, by the Association; 7) exercise due care while using the musical instruments, radios, television etc., that may disturb other residents; 8) ensure that the lift is not over crowded with more than the specified number of persons and use the lifts in such a manner, as not to damage them and if any heavy luggage requires to be lifted in the lift, the security personnel should be informed before such use, so that break-down of the lift and the inconvenience can be taken care off; 9) furnish relevant particulars of any person other than the owners and owner’s family in occupation of his apartment, as may be required by the Association; 52 10) use the common area and facilities with due care and caution so that sentiments or feelings of any other resident is not disturbed; 11) pay levy’s/charges/contributions regularly as decided by the Association towards the maintenance charges, sinking funds etc., 12) take all reasonable care and cautions to ensure that a lessee or the mortgagee, if any, of his apartment uses the apartment only for bonafide residential purpose and not for any commercial or illegal or unlawful or dangerous or hazardous purposes; 13)obtain prior permission of the Managing Committee for any additions/alterations inside the apartments; 14) park the vehicles only in the allotted slots. 15) ensure compliance with the requirements of the Corporation/Sanitary laws in respect of any pet maintained in the apartment and also ensure that such pet does not cause nuisance or harm or disturbance whatsoever, to other residents and also ensure that such pet does not urinate or excrete or vomit in the lifts/staircase or any common area and facility and that such a pet is always kept in the control of such person or any person on his behalf; Violation of any of these, might attract appropriate direction from the Association; 16) ensure that no one or a few of the Apartment Owners or residents enjoy any exclusive right in or over any common area and facilities; 17) pay property taxes or any other taxes/levy’s levied by Municipal Corporation or any local authority or government, from time to time, in respect of the apartment owned by him; 18) obtain No Objection Certificate (NOC) in respect of the dues to the Association before any sale, lease or transfer or vacation of any apartment and inform the Managing Committee about such transfer; 19) ensure that damage, breakage to window-panes, parked cars etc., by the wards during their play is rectified or compensated by the concerned resident, whose wards caused such damages; 20) be diligent and maintain dignity and try one’s best in establishing most cordial and friendly relationship with the 53 inmates of RELIAABLE ACACIA APARTMENTS and derive the best benefits of community living; 21) No member shall lease, letout or permit the parking space allotted to him/her to an outsider. However, with prior written approval of the managing committee the parking space may be let out to an in of RELIAABLE ACACIA. 22) The vehicle owners who have allotted car parking spaces shall park their vehicles only with in the parking space so llotted to them. 23) Switch off the lights and inform security after using the Gymnasium, Table Tennis room or Billiards room. II) No Apartment Owner or resident of RELIAABLE ACACIA APARTMENTS shall:1) post/paste/display any advertisement or posters of any kind in or on the buildings/blocks or in the common areas and facilities, without the prior permission of the Association; 2) hang garments, rugs, linen etc., through the windows/balconies or other facades of his apartment, or dust any such material on the exterior part of any apartment; 3) throw garbage or trash outside the disposal installations; 4) install any gadget or wiring or installations on the exteriors of his own apartment or that protrude through the walls or the roof of his apartment or in or in to any common areas and facilities, except with the prior approval of the Association; 5) play or allow his wards or other member of the family, the game of Cricket, Hockey, Foot ball, Base ball, Arrow games, Shooting or such other games, which are, in the opinion of the Managing Committee, it is inherent in such games or such games are likely to cause loss or injury to any resident or property or windowpanes, cars and other vehicles parked in the premises or to any common areas and facilities. 6) carry any alteration to the exterior of his apartment or the limited common areas or facilities without the permission of the Association; 54 7) park or keep any vehicle in dangerous or decaying condition in any part of the RELIAABLE ACACIA APARTMENTS or park in no parking area or on the main service road or in the common areas; 8) throw or put cotton pads/napkins or any such similar material in or in to the drainage, such material should be disposed off through garbage bags only; 9) keep plants/pots/vases on parapet or balcony of the apartment or in common areas; 10) erect shamiyanas or any other barricades or construction in the common areas and facilities without prior permission of the Association; 11) engage/employ/deploy any employee of the Association or maintenance staff for doing private work; 12) smoke or drink in common area including club house. 13) Keep garbage bag outside the apartment for pickup. 14) Bring food items inside Gymnasium, Table Tennis room and Billiards room. III) Each Apartment Owner/resident and members of their family should ensure compliance with these Code of Conducts strictly and ensure that their relatives or visitors or employees do not violate any of these Code of Conducts. Violation of any of this Code of Conducts may attract appropriate direction or order or action, as the Association deems fit. Chapter VI FUNDS AND THEIR INVESTMENT 34. Funds , (1) Funds may be raised by the Association, in any or all of the following ways, namely:(a) by way of admission fees and shares; (b) by way of contributions and donations; (c) from common profits; 55 (d) by collection of maintenance charges from the Apartment Owners and residents; (e) by raising loans, for any specific purpose, if necessary, with the approval of the General Body, (f) lease/leave and license charges for the use of any of the common area (2) The funds raised under sub – clauses (a), (b) and (c) of clause (1), shall be remitted to the Reserve Fund of the RELIAABLE ACACIA APARTMENTS exclusively or deployed for the specific purpose for which it is contributed / donated. (3) The funds raised under sub–clause (d) or sub-clause (f) of clause (1) shall constitute the Common Fund for general maintenance / management of the RELIAABLE ACACIA APARTMENTS. (4) The funds raised by way of loans under sub – clause (e) of clause (1) shall be utilized only for the specific purpose, for which the loan was raised. (5) The Managing Committee shall maintain separate accounts in respect of each such fund. 35. Investments , The Association may, invest its Reserve Fund or any money, which is not required for immediate use, in one or more of the following:(a) in any bank or banks, as determined by the Managing Committee; (b) in any of the securities, specified in section 20 of the Indian Trusts Act, 1882. (c) in Post Office. (d) in any other accounts or securities, as the Managing Committee, with the approval of the General Body, deems fit. 36. Accounts , (1) Separate accounts in the bank shall be opened in respect of each of the funds mentioned in paragraph 34 above into which the monies received by or on behalf of the Association shall be remitted. 56 PROVIDED that, the Treasurer may retain in his personal custody any amount specified by the Managing Committee, not exceeding Rs.5,000/for meeting petty expenses. All the payments exceeding Rs.1,000/- shall be made by way of cheque. (2) The Association shall, publish an audited Annual Financial Statement covering upto the end of the previous financial year (i.e. 31st March)on or around 30th June in each year, in respect of the common areas and facilities containing – (a) the receipt and expenditure of the previous financial year; (b) a summary of the properties and assets and liabilities of the common areas and facilities of the Association, giving such particulars, as will disclose the general nature of the liabilities and assets and the value of the assets; and (c) any other information the Managing Committed deems fit or as required by the Association (3) The audited financial statement shall be open to inspection by any Apartment Owner during the office hours and in the office of the Association and also a copy thereof shall be submitted to the Competent Authority on or before 31st August every year, or within fifteen days from the date of receipt of the report of the audit of accounts, whichever is later. 37. Publication of Accounts and Reports , A copy of the last financial statement and a report of the auditor, if any, shall be displayed in a conspicuous place in the office of the Association. 38. Appointment of Auditors , (1) The Association shall appoint, at its Annual General Body meeting, a duly qualified Chartered Accountant as the Auditor, who shall audit the accounts of the Association, to be prepared by the Managing Committee, as herein-before stated and shall examine the Annual Report and verify the same with the accounts relating thereto and shall either sign the same as found by him to be correct, duly vouched in accordance with law or report to the Association in what respect he finds it incorrect, un-vouched or not in accordance with law. 57 Such Auditor shall be entitled to such fees, reimbursement of expenditure or remuneration, as the General Body may, decide. (2) The Managing Committee may, also appoint an internal Auditor from amongst the Apartment Owners to conduct the internal audit, who may be entitled to have such payment or reimbursement of expenditure, as the Managing Committee may decide. 39. 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 and facilities, including limited common areas and facilities and common expenses and make a special report to the Association upon any matter connected with the accounts which appears to him to require notice of, in addition to submitting the regular Audit Report. Chapter VII NOTICE OF CHARGES 40. Notice of creation of charge, An Apartment Owner, who mortgages his apartment or creates any charge thereon, shall within 30 days from such creation of charge or mortgage, notify the Association, the name and address of his mortgagee and the Association shall, maintain such information in a book titled “Charges on Apartment”. Apart from maintaining such a register, the Association shall not incur any liability or obligation to any one whosoever. 41. Notice of unpaid assessment, The Association shall, on request, by any Apartment Owner, furnish information about the unpaid assessment due from the respective Apartment Owner. 42. Notice , (1) Any notice, receivable by the Association may be handed over personally to the Secretary or any other person authorized in this behalf or may be sent by post or otherwise, so as to reach the Secretary. Without proper acknowledgement, no notice shall be recognized by the Association as due notice. 58 (2) Any notice, receivable by any Apartment Owner or any resident of the RELIAABLE ACACIA APARTMENTS, by the Association, may be tendered personally, after obtaining acknowledgement thereof to the concerned Apartment Owner or the resident, as the case may be, or sent by post under certificate of posting to the last known address of such Apartment Owner or the resident, as the case may be. Chapter VIII AMENDMENTS TO BYE-LAWS 43. Amendment of Bye-Laws, (1) These Bye-Laws, may be amended by the Association, by passing a resolution in a meeting called specially for such purpose and approved, in accordance with these Bye-Laws, by “majority of apartment owners”. (2) No amendment to Bye-Laws shall take effect unless and until it is duly registered. (3) A copy of the duly amended Bye-Laws shall be sent to the Competent Authority after the same is registered under the Registration Act, 1908. Chapter IX MISCELLANEOUS 44. Seal of the Association, The Association shall have a common seal, which shall be in the custody of the Secretary and shall be used only under the authority of a resolution of the Managing Committee and every indenture to which the seal is affixed shall be attested for and on behalf of the Association by an authorized office bearer of the Association, along with the Secretary or any other person specifically authorized by the Association, in the absence of Secretary. 45. Compliance, (1) These Bye-laws are set forth to comply with the requirements of the Karnataka Apartment Ownership Act, 1972. In case any of these Bye-Laws conflict with the provisions of the said Act, it is hereby agreed and accepted that the provisions of the Act will apply, ignoring any such conflicting provision contained in these Bye-Laws. 59 (2) Every Apartment Owner and every resident of RELIAABLE ACACIA APARTMENT is governed by the provisions of these ByeLaws. Non-compliance with any provisions of these Bye-Laws, may, attract such other actions, orders or directions, as the Association deems fit. 46. Honorarium,(1) The Association may, invite (to the General Body meeting or the Managing Committee meeting or to any of its Committee meetings or at any time or from time to time) any person who is having the expertise in any field or area useful or beneficial to the Apartment Owners or the Association, in conducting the Management or the affairs of the Association in the wider interest of the Apartment Owners to deliberate, discuss or guide in any such areas for the betterment of the Apartment Owners. (2) Such experts shall participate in the deliberations and discussions in the meetings as and when required/requested to do so, but shall not participate in voting on any issue. (3) Such experts shall be entitled to be paid honorarium, as the Managing Committee may decide, in consultation with such experts, if necessary. (4) The Managing committee is authorized to incur, such expenditure as the situation may require, before/during/subsequent to any meeting as it deems fit. (5) The Members of the Managing Committee shall also be paid an honorarium for each sitting, as the General Body may, decide from time to time. (6) Provision can also be made by the Managing Committee to reimburse conveyance charges, staying charges and other necessary expenses to be met by the office bearers or the Committee Members, if they have to bear the same for conducting/managing the affairs of the Association. 47. Litigation, The RELIAABLE ACACIA APARTMENTS Association is a perpetual legal entity represented by the Managing Committee and it can sue or be sued by or in the name of the said Association. 60 48. Resolution of disputes,(1) Any dispute between or amongst the Apartment Owners may be referred to the Managing Committee of the Association for redressal. If any party is aggrieved by the decision of the Managing Committee, the same may be referred to Arbitration in accordance with the Arbitration Act. (2) Any dispute between any Apartment Owner and the Association may be referred to the Managing Committee to be forwarded to the Competent Authority for redressal and the decision of the Competent Authority shall be final. 49. Finality,If any dispute arises in the interpretation of any provisions of these Bye-Laws, the decision of the Managing Committee is binding on all the Apartment Owners and the residents, subject to review of the same by the General Body, if so required. 50. Indemnity,No action against the Association, any Member of the Managing Committee or any Apartment Owner shall lie in any Forum or Court of Law for any bonafide action taken in accordance with these ByeLaws. Chapter X ELECTION RULES 51. Election (to Managing Committee) Rules (1) Name. – These rules may be called the “Election (Managing Committee) Rules of RELIAABLE ACACIA ASSOCIATION”. (2) Definitions. – Unless, repugnant to the context or the meaning thereof otherwise necessitates, the words and phrases used in these rules shall mean what has been defined in the Bye-Laws and the Act and Rules framed thereunder. (3) Appointment of Returning Officer. – 61 (a) The President shall appoint one of the Apartment Owner’s as Returning Officer to elect the required number of members to be appointed as Members of the Managing Committee, in the place of the retiring members, every year. Such an appointment shall be made atleast two months earlier to the date on which the one-third numbers of members of the Managing Committee are scheduled to retire. (b) The Returning Officer may be paid an amount as honorarium, as the Managing Committee deems fit. (4) Calendar of Events of Election. – The Returning Officer shall, notify a calendar of Events of election, specifically containing the information relating to, (a) (b) (c) (d) (e) (f) (g) (h) total number of vacancies; last date for submission of nomination of candidates ; date of scrutiny of nominations; date for withdrawal of candidature ; date of publication of final list of candidates ; date and time of election ; Place of election, if required; date of the declaration of result . (5) Notice. – The Returning Officer shall, publish the Calendar of Events of Election in the notice board of the Association and on the notice boards of all the _______ buildings / blocks. Such a notice shall be deemed to be sufficient notice of the Calendar of Events of Election. (6) Conduct of election. – (a) The Secretary shall make all the necessary arrangements for the proper conduct of the election, in consultation with the Returning Officer and ensure that the election, if necessitated, is duly conducted. (b) The Secretary shall, ensure that the names of disqualified Apartment Owners, if any, are omitted from the list of voters and place the up-to-date list of voters on the notice board of the Association atleast before the scheduled date for submission of nomination of candidates. 62 (7) Declaration of result of election. – The Retuning Officer shall, arrange for the counting of votes secured by the candidates, and declare the required number of candidates securing the highest number of votes in order of priority, as the winning candidate. In the case of a tie between the candidates, the Returning Officer may decide the winning candidate either by ascertaining the consensus candidate amongst them or by toss of coin, as the Returning Officer deems fit under the circumstances. (8) Finality. – The decision of the Returning Officer shall be final and binding on all the candidates as well as the Association. The Returning Officer, after concluding the election as per the calendar of events of election, submit to the President forthwith and also publish the list of candidates elected to be appointed as members of the Managing Committee. (9) Appointment of Members of the Managing Committee,The President shall announce the names of elected candidates in the General Meeting, which shall be deemed to be the appointment of those candidates as the members of the Managing Committee with effect from that day. Such elected members of the Managing Committee shall hold office in accordance with these Bye-Laws. (10) Power to Nominate, In case where, the number of candidates declared by the returning officer as elected, falls short of the required number of representatives, the President, as soon as possible, in consultation with all the existing members of the Managing committee co-opt any Apartment Owner, who is willing to join as member of the Managing Committee and fill up such vacancies. Such member will be deemed to be duly elected and hold office as a member of the Managing Committee for 3(three) years. ***************