Process Of Redevelopment

v           Appointment of officer- representative of Registrar of Co-operative Societies

         The management Committee of the society, within eight days of short listing the developers, shall make an application to the Registrar of co-

  Operative societies to appoint his representative to attend the Special General Meeting and in whose presence the Developer shall be selected. On

   Receipt of such an application, the Registrar will appoint his representative for the meeting.

v           Special General Meeting for finalisation of final Tender

         After the appointment of a representative of the Registrar and with his prior permission after fixing date, place and time of meeting with him, the  

  Secretary of the society shall convene a Special General Meeting, within one month of his appointment giving 14 days notice to all members  

  Mentioning therein the time, place and date of the meeting and the agenda.

 The notice shall be sent be hand delivery or by post with their acknowledgement which shall be kept in the office of the society.

·         The society shall invite representatives of the developers to remain present at the meeting.

·         Registrar’s office shall make arrangement for the presence of is representative at such meeting.

·         The society at its own cost shall provide for video recording of the meeting of the society.

·         The society shall ensure that no other persons other than members shall be allowed to remain present and participate in the meeting. For this purpose, the society shall give Identification Card to every member for his identification. This is for the members to remain present at the meeting with Identity Card.

·         Decisions regarding redevelopment, scheme and selection of developer

·         Other decisions shall be made in presence of the authorized representative of the Registrar of Co-operative Societies. Such approved proposal shall be sent to the competent authority for approval.

v           Absence of quorum at special General Meeting

·         Quorum for the Special General Meeting shall be ¾ of the total number of members. If there is no quorum present at the Special General

        Meeting it shall be adjourned for eight days.

·         If there is no required quorum present at the adjourned Special General Meeting, it shall be deemed that the members of the society are not

                              Interested in the redevelopment of building and the meeting shall stand dissolved with remarks that the redevelopment of building proposal shall not be allowed to be presented again at the Special General Meeting till completion of a one year period from the date of the dissolved Special General Meeting.

v           Work of the Special General Meeting in respect of selection of Developers

         The Special General Meeting shall transact the following business:

                                                  i.      To give comparative information about the selected Builders/Developers

                                                ii.      To present Builders/Developers in serial order for their presentation work

                                              iii.      To select one Builder/developer and finalise the tender

                                              iv.      To get approval from the selected Builder/Developer

                                                v.      To authorize the Managing Committee to complete the formalities and prepare documents.

The Special General Body Meeting will have a healthy discussion. At the General Body meeting it is preferable to obtain unanimous approval of the offer made by the redeveloper.

v           Irrevocable Consent/affidavit from Members

         The very first job of the Society is to collect Irrevocable Consent/Affidavit from all the society without fail. Non-receipt from even a single member may lead to the project being stalled midway.