3 months ago

Apartment owners association (1)

Kalyan Developers, is part of the Rs. 10,000 Crore Kalyan Jewellers Group. It is one of the renowned top builders in Kerala with over 10 Lakh Sq.Ft of Development. Kalyan has luxury apartments, flats and villas in Trivandrum, Kochi, Thrissur and Kottayam. We have been awarded the CRISIL 6-star rating for our apartments in Thrissur. Kalyan has also won the Best Residential Project

Rights: Every member

Rights: Every member has the right to vote in the elections carried out at the Annual General Body Meeting or at any other official meeting. The number of votes shall be in proportion to the number of apartments owned by every member. The member has a right to authorize a proxy to vote in his absence. Every member has the right to inspect all records, books of accounts of the association with 3 days prior notice to the Management Committee. B. The Associate Member Any person other than the owner, who is wholly residing, occupying or otherwise in lawful possession of any apartment in complex becomes an Associate member of the association. The Associate member pays maintenance charges to use common facilities, but does not have right to vote, unless authorized by the owner of the flat in writing. C. The General Body (GB) Role: The most supreme authority of the association is called the General Body which is formed by all the members of the association. Rights: The General body has the right to amend, alter or add by-laws with the consent of at least 13 voting members of the GB and its decision is binding on all the members. D. The Management Committee (MC) Role: A board of members elected by and from the GB that represents the Association before all government and other official or non official bodies in all matters is the MC. The work of the MC is reviewed by the GB at the annual general body meeting or any other meeting. The MC is typically composed of a President, a Vice President, a Secretary, a Treasurer (together known as the Executive Committee) and 8 other members. Duties: Maintain recreational facilities and amenities of the apartment. Allocate responsibilities to employees for carrying out day to day activities as a part of administration of the building. Represent the members of the Association, in every matter related to the building with the aim of protecting their rights and interests. Encourage and promote religious, cultural and educational activities Open and maintain one or more bank Accounts of the association in the name of the association with any nationalized bank as decided by the committee.

Ensure that the income received by the association is evenly distributed in promoting the objectives of the association and is not put to any personal use. Keep safe custody of all original documents and licenses connected to the land and building. The three pillars of the Management Committee President The president has general control over all the affairs of the association. He/she is the only person who can sue with the consent of the general body or defend any legal action against the association. All legal proceedings are instituted, continued or defended by the president and He/she signs all documents and papers relating to the association. In the absence of the president, the committee may authorize the secretary or the treasurer to sign all such documents, papers etc for and on behalf of the association. Secretary The secretary is responsible for the executive administration of the association, subject to the control of the committee. Treasurer The treasure has complete custody of all properties of the association including the funds. He/she is empowered to operate the bank accounts of the association jointly, with president, or secretary. The treasurer has to make sure the association be held together by close bonds of trust and goodwill.”

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