The Central Park Apartment Owners Association - Bye Laws

BYE- LAWS

Name of the Association

1. The name of the Association shall be “The Central Park Apartment Owners

Association”, hereinafter referred to as the Association.

Registered Office

2. The Registered Office of the Association shall be at Elcot Avenue,

Sholinganallur, Chennai 600 119.

Date of Formation

3. The Association shall come into existence with effect from 09.03.2012.

BUSINESS HOURS OF THE ASSOCIATION :

4. The business hours of the office of the Association shall be from 9.00 a.m.

to 1.00 p.m. and from 2.00 p.m to 6.00 p.m. on all weekdays except on

Sundays and such other holidays as may be fixed from time to time by

the Executive Committee of the Association.

REGISTRATION DISTRICT :

5. The office of the Association is situated within the Registration District of

Chennai South and the Sub – Registration District of Neelankarai.

OBJECTS OF THE ASSOCIATION:

6. The Objects and activities of the Association shall be :

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6.1. To arrange for the maintenance of the common built-up areas in the

building complex known as “THE CENTRAL PARK”, the exterior of the

building complex, the open areas around the building, the compound

wall, the passage ways and all the common amenities, facilities,

fittings and equipment provided in or around the said building

complex including borewells, tanks, sumps, pumps, garden/

landscaping, lighting, gates, elevators, common water and sewerage

lines, Diesel Generator sets, common electrical cables and wiring,

intercom system etc.(all of which collectively, are herein referred to

as The Common Areas, Facilities & Amenities);

6.2. To manage, administer and regulate the usage of The Common

Areas, Facilities & Amenities;

6.3. To cause repairs and replacement works to be carried out to The

Common Areas, Facilities & Amenities and to engage workmen,

technicians, carpenters, gardeners, electricians, plumber or other

persons to carry out such repair/maintenance works;

6.4. To cover any of The Common Areas, Facilities & Amenities under

Maintenance Contracts and/or Insurance policies;

6.5. To identify, negotiate with and engage suitable persons,

organisations or agencies to provide security services, house-

keeping, handy-man services, and supervisory services, if deemed fit

and expedient, for The Common Areas, Facilities & Amenities;

6.6. To make arrangements for sharing, on a periodic or lump sum basis,

the routine as well as non-routine costs, expenses and charges

incurred for or in relation to all or any of the above mentioned

activities in proportion to the built-up area of the apartment/ unit that

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is owned/ occupied by each owner/ resident of the apartments/ units

in the building complex known as “ THE CENTRAL PARK”;

6.7. To take lawful steps for recovery of arrears/ dues from any owner(s)/

resident(s) of apartments within the building complex known as “THE

CENTRAL PARK” towards the costs, expenses and charges incurred

for or in relation to all or any of the above mentioned activities;

6.8. To ensure that all the apartments in the building complex known as

“THE CENTRAL PARK ” are used only for residential purposes;

6.9. To foster fellowship and cordial relationship amongst the owners

and/or residents of the building complex, to unite a common bond of

such fellowship and, to pursue and strive for the economic,

recreational and cultural benefits of the members;

6.10. To facilitate discussion and consider all civic problems

affecting the members with a view to promoting their general welfare

and to take all steps necessary for the welfare and protection of the

members and their properties including if necessary, to initiate,

defend or carry on legal proceedings, negotiate, compromise and

settle disputes on matters affecting common rights and properties of

the residents and owners of “THE CENTRAL PARK”;

6.11. To raise funds through Subscription, membership charges or

donations for the management of the affairs of the Association and to

invest or utilise such moneys, amongst other things, for maintaining,

operating, improving or protecting The Common Areas, Facilities &

Amenities in the building complex;

6.12. To create and maintain one or more Bank Accounts into which

all income and other funds belonging to the Association are credited,

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to invest these funds in approved financial instruments as permitted

from time to time and to apply funds for the attainment of the objects

specified herein and for the benefit of the members of the

Association;

6.13. To prevent the usage of owner’s car parking lot/s or the

common areas such as lobbies, staircase, terrace and other common

areas for storage of personal or privately owned materials/

equipment;

6.14. To regulate the usage of the specifically designated areas for

eating, resting, sleeping etc. by owner’s domestic help and/or drivers

and/or workmen, including those of the visitors to the respective

owners, and to ensure that the common staircase, common corridors,

terrace and other common areas are not used for any of such

purposes;

6.15. To take steps for prevention of garbage, waste, etc., being

thrown or disposed of at any places other than at the places/

receptacles/ bins ear-marked or provided for such purpose;

6.16. To collect compensation for any damage to The Common

Areas, Facilities & Amenities caused by any negligence or by any

deliberate act on the part of the any owner/s or their respective

family members, guests, children, domestic help /employees/ drivers

or agents;

6.17. To direct any owner(s)/ resident(s) to carry out within his/ her/

their respective apartment, such repair as may be necessary to

alleviate any problems caused to any of the other apartments in the

building or the occupants thereof;

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6.18. To take steps for prevention of repairs, renovations or

modifications of any common areas or any apartments or portions

thereof if any of the related works are likely to have an adverse effect

on the neighbouring apartments or the strength of the walls or

foundation or roof/flooring/walls of other apartments or which might

prejudice the structural integrity and aesthetic appeal of the building.

6.19. To regulate repair/ renovation/ modification/ installation works

or noisy activities in individual apartments which unduly disturb

occupants of neighbouring apartments during unreasonable hours or

which pose a hazard or pollute the users of nearby common areas or

neighbouring apartments.

6.20. To obtain undertakings from all members that any sale or

lease or transfer of their respective apartments will be effected only

after all his/her/their/its dues to the Association are settled in full and

after prospective transferee/s has been made aware of and

consented to be bound by the objects and rules of the Association.

6.21. To fix the responsibility for the payment of the monthly

maintenance charges /fees for the respective member’s apartment

on the member/s concerned and not on the tenant or occupant of the

apartment.

6.22. To ensure that no signboard or advertisements of any kind

except are displayed in the interior or exterior of the building

excepting however the personal name boards of the members near

the entrance and on/next to the member’s apartment.

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6.23. To pay the charges, levies, and deposits for service/utility

connection provided to common areas or for the common

purposes/usage of all the apartment owners.

6.24. To hold meetings, get-togethers and festival celebrations for

the benefit of all the members;

6.25. To create any web-sites whether interactive or otherwise and

with or without payment gateways or blogs or bulletin boards for

interaction between members inter-se or between members and the

Association;

6.26. To conduct opinion polls either electronically or physically on

major issues concerning all or a majority of the members of the

Association;

6.27. To enter into agreements / contracts / understanding with

third parties in the interest of the Association generally and for the

fulfillment of the abovementioned objects.

MEMBERSHIP

7.1. The owner(s) of any apartment in the building complex known as “The

Central Park” shall be eligible to enroll as a member of the Association

upon agreeing to abide by the Memorandum and Bye-Laws of the

“THE CENTRAL PARK APARTMENT OWNERS ASSOCIATION” and upon

furnishing a declaration to the Association to that effect. When there is

more than one owner of a particular apartment, all the co-owners of

that apartment jointly shall be treated as one owner for the purposes

of membership, voting rights and with respect to the rights and

obligations as a Member of the Association.

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7.2. All references herein to “member” or “member(s) of the Association”

shall be deemed to be references to the owner(s) of any apartment or

a tenant of that apartment, duly authorized (in writing) by the owner(s)

of any Apartment, to act in lieu of the owner(s) of the Association, as

a member of the Association and who agrees to abide by the

Memorandum and Bye-Laws of the “THE CENTRAL PARK APARTMENT

OWNERS ASSOCIATION” by furnishing a declaration to the Association

to that effect. Every such authorisation shall be deemed to have been

terminated with the termination of the tenancy or authorisation as the

case may be.

7.3. Each Member shall have only one vote per apartment. A Member who

is in default of maintenance charge / fees or other dues for 3

consecutive months shall have no rights to vote in any meeting of the

Association.

7.4. Any member entitled to vote may appoint any person as his proxy to

attend the meeting. Such appointment of proxy shall be in writing

addressed to the Secretary to the Association and shall be lodged at

least 48 hours before the scheduled time for commencement of the

meeting.

7.5. The Executive Committee of the Association shall be competent to

remove from the Register of Members, any member:

7.5.1.who ceases to own or reside in any area in the complex known as “The

Central Park”.

7.5.2.who has failed to pay his / her / their/ its maintenance charges or other

dues to the Association for six months.

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7.5.3.whose conduct and behaviour is, in the opinion of the Executive

Committee, anti social or detrimental to the Association.

7.5.4.Any person whose membership has been terminated may be re-

admitted on such terms and conditions as the Executive Committee

may deem fit.

7.5.5.Any member proposed to be removed shall be given notice of such

proposal and he /she shall have the right to put forward his / her case

to the Executive Committee, and the decision of the Committee shall

be final and binding on such member.

7.5.6.Any person whose membership in the Association has been terminated

in any manner shall forfeit all interest in any funds or other property

belonging to the Association and shall not be entitled to any of the

amenities provided to him / her / it by virtue of his / her /its

membership in the Association.

7.5.7.When any person(s) hereafter acquire(s) ownership or tenancy rights

of any apartment, that new owner or tenant shall upon agreeing to

abide by the Memorandum and Bye-Laws of the “ THE CENTRAL PARK

APARTMENT OWNERS ASSOCIATION” by furnishing a declaration to the

Association to that effect, be enrolled as a Member of the Association

and added to the Register of Members.

RIGHTS AND PRIVILEGES OF MEMBERS:

8.1. Members shall have the right to attend and vote at the Annual General

Meetings or Extra Ordinary General Meetings of the members of the

Association on any motion. Members shall have equal right to contest

for the election to the Executive Committee.

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8.2. Members shall have the right to inspect the books of Account, Minutes

Books and other records after giving due notice, during the business

hours of the Association, free of charge.

8.3. A copy of the Bye – laws shall be supplied free of charge to all persons

on being admitted as Members. Additional copies, if required, shall be

supplied on demand on payment of Rupees One Only (Re.1.00/-) per

copy or such other fee as may be prescribed from time to time.

8.4. 1/3rd of the members of the Association shall be entitled to request that

a an Extra Ordinary General meeting of the members of the

Association be convened for any specific purposes and in the event of

such requisition the Executive Committee shall be bound, within 7 days

from the date of receipt of the requisition, to call for such a meeting

giving at least 21 days prior notice of the proposed meeting to all

members. In case the meeting is not convened, the persons who

requisitioned the meeting may call the Extra Ordinary General meeting

of the members of the Association, following the procedure laid down

in the Tamil Nadu Societies Registration Act, 19875, giving 21 days

notice, provided that if ratified by a majority of the members present

and voting at such meeting, a shorter period of notice may be given.

8.5. All members shall have the right to complain to or contact the

Maintenance Office during reasonable hours. If any member is

aggrieved or dissatisfied with the response received from the

Maintenance Office the member may contact the Executive Committee

member from his block for adequate relief or remedy.

OBLIGATIONS OF MEMBERS

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9.1. All members shall be liable to pay Subscription Fees, if any,

determined from time to time at an Extra Ordinary General meeting of

the members of the Association, on such dates and intervals as may be

fixed by the Executive Committee. Likewise, if at an Extra Ordinary

General meeting of the members of the Association, a “Sinking Fund”

or “Corpus Fund” is agreed to be created by at least two-thirds of the

members of the Association, all the members of the Association shall

be bound to contribute to such fund in the proportion of the built-up

areas owned by each member in the building.

9.2. All the members of the Association shall, in proportion to the built-up

area owned by each in the building, share the expenses incurred in

respect of operation, maintenance, repair and/ or replacement of The

Common Areas, Facilities & Amenities and also such other expenses as

deemed necessary by the Executive Committee from time to time.

Such expenses which are to be shared by the members in the manner

aforesaid are herein referred to as Maintenance Charges.

9.3. All members or their authorised representatives shall pay the monthly

Maintenance Charges promptly and without delay. The quantum of

Maintenance Charges shall be periodically reviewed by the Executive

Committee, to fix upward or downward slabs, based on requirement of

funds to meet the objectives and carry on the activities of the

Association. The payment of the said Maintenance Charges shall be

made quarterly on or before the 10th day of each quarter. The first

quarter of a year shall commence on 1st January every year.

9.4. The members of the Association shall be liable to pay Fines on delayed

payment of dues to the Association or on account of violation of the

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bye-laws or any subsequent Rules/ Code of Conduct that may be

adopted and treated as part of the bye-laws of the Association. The

said Rules/ Code of Conduct shall be adopted only after the approval

thereof by a 2/3rd majority of the members of the Association. The

Fines, shall be as decided upon by the Executive Committee and made

known to all members from time to time.

9.5. Members who have any dues outstanding to the Association on any

account whatsoever shall, within 30 days of a notice of demand for the

dues (by registered post/hand delivery) from the Executive Committee

or the person authorized by the Executive Committee, promptly pay

and settle such dues in full. If after 30 days of service of the notice, the

member(s) have not paid their arrears/dues in full, the Association

shall deny common services and facilities (which are paid for by the

Association) to such defaulting member. The facilities will be restored

only after the payment of all arrears with costs.

9.6. Pro-rata charges like for painting or major repairs shall also be shall be

paid in a prompt manner by all members after a decision in this

respect is taken at an Annual General meeting or an Extra Ordinary

General Meeting of the members of the Association.

9.7. Every member shall, at his/her/ their/ its cost, promptly carry out all

maintenance and repair work within each member’s unit, as may be

required to ensure that other areas in the building are not adversely

affected. Any member in default in this respect shall be expressly

responsible for the damages and liabilities that may arise owing to any

delay or failure to carry out the necessary maintenance or repair works

within the member’s apartment.

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9.8. Every member shall be liable to reimburse the Association for any

expenditure incurred in repairing or replacing any common area,

facility or and other apartment/s that are in any way damaged by any

act/omission on the part of that members, whether such act/omission

is on the part of the member or the occupants of the member’s unit or

the member’s employee or agent or workman or visitor. Such damage

shall include :

9.8.1.Leakage from pipes as a result of work carried out resulting in damage

to apartments, common areas, below or above the apartment from

which the problem emanated;

9.8.2.Scratches/ blemishes or damage resulting from moving furniture or

other equipment;

9.8.3.Defacing the walls of balconies or other common areas as a result of

carelessness, negligence including over watering of plants, washing of

balcony areas, or allowing water from drying clothes to drip out of the

balcony;

9.9. In case of difference of opinion and dispute amongst Members

regarding the above, the Executive Committee will inspect and decide

on whom the responsibility for payment of damages caused should lie.

The Executive Committee’s decision will be final.

9.10. Members shall not make any structural modifications or alterations to

their respective units without previously notifying the Association in

writing and without ensuring that no damage is caused or likely to be

caused to any other areas of the building.

9.11. No Installation or construction work shall be carried out on the roof/

terrace of the building unless the Association gets an approval from a

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structural engineer and the consent of the Members using/ owning the

apartments on the topmost floor of the building.

9.12. All member/residents shall grant right of entry to any person

authorized by the Executive Committee, in case of emergency

originating in or involving or threatening any other unit in the building.

9.13. Members/residents shall grant the right of entry to any person

authorized by the Executive Committee through their respective units

at all reasonable hours and after prior notice, for the purpose of

performing installations, alteration, repairs to the mechanical and

electrical service, provided that request for entry are made in advance

and that such entry is at a time convenient to the Member. In case of

an emergency, such right of entry shall be immediately permitted.

Permission shall not be denied to anyone without sufficient reason.

9.14. No Member/resident shall post any advertisement of posters or any

kind in or on the building except at the places specifically earmarked

for this purpose by the Executive Committee.

9.15. Members/Residents shall exercise care and all due consideration

regarding activities resulting in pollution beyond lawful levels whether

in form of noise, foul odour, smoke or other suspended particulate

matter, especially when several other members find the same to be

objectionable.

9.16. Members/Residents keeping domestic animals as pets in their

apartments shall abide by all applicable laws and rules in this regard.

9.17. Members/Residents shall ensure that there is no washing of windows or

balconies which shall result in water falling into another apartment/

room or balcony or into apartments below.

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9.18. Members shall not throw garbage or trash outside the disposal

bins/installation provided for such purposes. In case of disposing large

size or amount of trash which do not fit in building complex’s garbage

bins, residents must make special arrangements through the

Maintenance office for the garbage collection agency/ person to collect

and remove the same.

9.19. Members/Resident shall not install wiring for electrical, or television,

television antenna, machines, air conditioners etc. on the exterior of

the building with out the prior approval of the Executive Committee.

9.20. Member/resident shall not place in the lobbies, stairways, elevators

and other common areas of the building complex, any furniture; shoe

racks, packages, bi-cycles, potted plants or objects of any kind. Such

areas shall be used only to pass and re-pass or ingress and egress.

9.21. Members shall not allow their respective domestic help, workmen,

agents or visitors to loiter in the passages, staircases and the entrance

of the building.

9.22. Members/Residents shall not ask any service staff engaged/employed

by the Association to undertake any personal work/odd jobs, whether

within the apartment or involving their leaving the building complex

during their normal working hours.

9.23. No member shall allow his apartment to be used for any purpose other

than for a residential purposes.

9.24. All members / appointed members shall give due recognition to the

mutual rights of all other members / apartment owners of the

apartment complex. Every Member is equally entitled to enjoy and

avail The Common Areas, Facilities & Amenities. However, every

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member is also equally accountable for abiding by the Bye-laws and

maintaining a cordial atmosphere in the building.

9.25. If there is any change in the postal or e-mail address of a member of

the Association, the member shall notify to the Secretary in writing

giving his new address or e-mail. If he or she fails to do so, the

addresses given in the admission form shall be deemed to be his or her

address for all practical purposes and communication

9.26. All members shall pay their individual water charges, electricity

charges and property taxes promptly to avoid disconnection of

facilities to the whole building.

9.27. All members shall use only the clothing line on the terrace specifically

earmarked for the use of the respective member.

9.28. The members who let out their apartment or transfer their respective

apartments shall give prior notice of the Association & obtain a “No

Objection/ Dues Certificate” from the Association. They shall also

intimate the new buyer or tenant about the requirement to abide by

the terms, rules and regulations of the Association. The new buyer

must enroll himself / herself / itself as a member and pay such fees

and charges as may be prescribed from time to time. In the event that

any apartment/s is bequeathed to or inherited by other person/s, such

other person/s shall automatically become a member/s of the

association.

EXECUTIVE COMMITTEE :

10.1. The Executive Committee shall consist of a President, a Secretary, a

Joint Secretary, a Treasurer, a Joint Treasurer, and at least 4 but not

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more than 7 Committee Members. No more than two office bearers

shall be from any one of the 12 blocks of the building complex. The

first office bearers of the Executive Committee shall hold office till the

first Annual General Meeting of the Association.

11.1. The office bearers of the Executive Committee shall be persons who

are above 18 years of age and either an Owner of an apartment in the

building complex called “The Central Park” or a member of the

immediate family of an Owner duly authorized by the Owner. However,

a family Member of an Owner is elected to the Executive Committee,

then the Owner shall cease to be Member of the Executive Committee,

if he/she is already a member of the Executive Committee.

12.1. All the members of the Executive Committee after the first Executive

Committee shall be elected at the Annual General Meeting. In the

event of any interim vacancies, the Executive Committee may elect

any person from among the other members of the Association to fill in

such vacancy from the unexpired portion of the outgoing office

bearer’s tenure.

12.2. All the Executive Committee members shall hold office from the time

of their appointment till the next election at Annual General meeting of

the members of the Association. Such elections shall be held once

every year.

12.3. The retiring Executive Committee members shall be eligible for re –

election.

12.4. Any Executive Committee member may resign at any time by sending

a resignation letter to the President or the Secretary and the same

shall be effective only after it is accepted by the Executive Committee.

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Any Executive Committee member shall be deemed to have resigned

from the Executive Committee if that member’s apartment has been

transferred to a third party or parties.

12.5. The Executive Committee members shall work gratuitously but

expenses actually incurred by them in doing the legitimate work of the

Association shall be debited to the Association’s accounts.

POWER AND DUTIES OF THE EXECUTIVE COMMITTEE

13.1. PRESIDENT: It shall be the duty of the President to preside at

meetings of the Association and of the Executive Committee and to

perform such other duties as ordinarily pertain to his / her office. When

the President is not present, the meeting shall elect a Chairman from

among the members present. The President/ Chairman of the meeting

shall have a casting vote only in the case of equality of votes on any

issue.

13.2. SECRETARY and JOINT SECRETARY: It shall be his / her duty to

keep the records of membership, send out notices of meetings, record

attendance at meetings, record and preserve minutes of meetings,

make arrangements for transaction of day to day business of the

Association, conduct Annual General Meetings, conduct Extra Ordinary

General Meetings etc. and file Returns to the Registrar of Societies, as

per Section 163(6) of the Tamil Nadu Societies Act of 1975.

13.3. TREASURER and JOINT TREASURER: The Treasurer shall maintain

the accounts of the Association. He/She shall have the powers to

collect dues, issue receipts and make payments on proper vouchers.

He / she shall have powers to operate the Bank Accounts of the

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Association jointly with the President or, the Secretary in the absence

of the President.

13.4. EXECUTIVE COMMITTEE MEMBERS: The other members of the

Executive Committee shall assist the President, Secretaries, and

Treasurers in the discharge of their duties.

13.5. The Executive Committee members are jointly and severally

empowered to represent the Association and the members/apartment

owners of the building complex called The Central Park in regard to

their common interest before any governmental authority or

department or any judicial or quasi-judicial authority or third parties.

13.6. The Executive Committee is empowered to prosecute, defend or make

appeals, complaints /suits on behalf of the Association against third

parties, Apartment owners or tenants for dues recoverable from them

and for any other contingencies incidental to the objects to the

Association.

13.7. The Executive Committee is empowered to order for materials/

equipment, enter into contracts etc., to facilitate the achievement of

the objects and purposes of the Association.

13.8. The Executive Committee shall be empowered to make rules

regarding matters not covered herein, to govern the working of the

Association and matters requiring consultation with or without the

approval at an Annual General meeting or Extra Ordinary Annual

Meeting of the members of the Association for fulfilling the objects

of the Association.

13.9. The Executive Committee may appoint various sub-committees from

among the members to further the cause of the Association.

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13.10. The members of the Executive Committee including the office

bearers shall not be held responsible or liable either jointly or

severally for any act done in good faith for the proper furtherance of

the objects of the Association.

MEETINGS

EXECUTIVE COMMITTEE MEETING

14.1. Frequency of Meetings : The Executive Committee shall meet at

least once every two (2) months.

14.2. Quorum : The quorum for a meeting of the members of the Executive

Committee shall be 1/3rd five (5).

14.3. Notice : Notice of the intended meeting shall be given by the

Secretary in the prescribed manner at least 7 days before the meeting

is held. A shorter notice shall be valid if ratified by a majority of the

members of the Executive Committee.

14.4. Decisions : All decisions of the Executive Committee shall be taken by

a simple majority of the Executive Committee members present and

voting. In the event of a tie, the President shall have a casting vote. A

resolution by circulation signed by all members of the Executive

Committee shall be taken to be valid and effectual as if the same had

been passed at the meeting of the said Executive Committee regularly

held. Such resolution shall be ratified at the subsequent Executive

Committee meeting.

ANNUAL GENERAL MEETING :

14.5. The Annual General Meeting of the members of the Association shall

be held every financial year, within 6 months from the date of closing

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the financial year of the Association i.e. before 30th September, which

date shall be 31st March of each year, to approve and adopt the

Audited Statement of Accounts and to do such other business, which

the meeting is entitled to and a prior notice of not less than 21 days

shall be given to all the members of the Association and such notice

shall contain the Agenda of the meeting. A Meeting called with shorter

notice shall be valid if ratified by a majority of the members present

and voting at such meeting.

14.6. EXTRA ORDINARY GENERAL MEETING : An Extraordinary General

Meeting of the members of the Association may be held at the instance

of the Executive Committee or on a requisition in writing by not less

than 1/3rd members/ and as laid down under section 28 of the Tamil

Nadu Societies Registration Act 1975.

14.7. All resolutions shall be passed by a simple majority of the members

present and voting at the Annual General Meeting or the Extra

Ordinary General Meeting of the members of the Association.

14.8. The quorum of the Annual General Meeting and the Extra Ordinary

Annual General Meeting shall be at least 1/32 of all the members of the

Association present either in person or through proxy.

14.9. The business of the Association shall be transacted by vote, by

ordinary resolutions except where a special resolution is required

under the provisions of the Tamil Nadu Societies Registration Act and

Rules.

14.10. Voting at the Annual General Meeting and the Extra Ordinary

General Meeting shall be by show of hands or if, not less than ½ of the

members present at the meeting require, by secret ballot. Votes may

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be cast in person, by proxy or, if a reasonably safe electronic voting

system is implemented, by electronic voting.

SPECIAL RESOLUTION :

15.1. A special resolution shall be passed by members who together hold a

majority of not less than three fourths of the total voting rights in the

Association with regard to the following :

15.1.1. To amend the Memorandum of the Association;

15.1.2. To amend the bye-laws of the Association.

15.1.3. To change the name of the Association.

15.1.4. To dissolve the Association.

15.1.5. To amalgamate or divide the Association.

15.2. Notice of any meeting at which a special resolution is sought to be

passed shall be as prescribed for the Annual General meeting of the

members of the Association. A copy of the special resolution shall be

filed with the Registrar within 15 days from the date of passing such

resolution.

PREPARATION AND FILING OF RECORDS AND STATEMENTS :

16.1. The Secretary shall prepare and file all records and annual statements

on behalf of the Association with the Registrar of Societies which are

specified in the Tamil Nadu Societies Registration Act and Rules.

16.2. The Secretary is hereby authorised to sign such records and

statements.

REGISTER OF MEMBERS:

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17. A register containing the names, addresses and occupations of its

members shall be maintained by the Secretary. The register of

members shall, during business hours, be open to the inspection of any

member free of charge and any member may make extracts there from

at the office of the Association.

BANK ACCOUNT ETC.

18. The Executive Committee shall authorize the Treasurer to open one or

more Bank accounts with any scheduled bank or scheduled banks near

the building complex called the “The Central Park”. The Treasurer shall

have power to operate the Bank Accounts of the Association jointly with

the President or, the Secretary in the absence of the President. All

moneys received from the members /apartment owners of the said

complex and any other money received to and for the benefit of all the

apartment owners shall be credited to the said bank account. The

treasurer may maintain with him cash not exceeding Rs.10,000/- or such

other higher amount as the Executive Committee may decide for day to

day disbursements. As far as possible all monetary transactions

amounting to Rs.1000/- or more shall be through cheques and only

under proper stamped receipts.

FINANCIAL YEAR, ACCOUNTS AND AUDIT :

19. The Financial year of the Association shall commence on 1st April and

end on 31st March. Accounts shall be closed on 31st March every year.

The account of the Association shall be audited by a Chartered

Accountant. The Association shall also be entitled to appoint a Chartered

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Accountant to audit the accounts of the Association and rectify any

defects pointed out by the Chartered Accountant.

19.1. An Auditor who is a Chartered Accountant in practice and who shall be

person other than an Executive Committee Member or Member /Owner

or occupant of one of the apartments in the building complex shall be

appointed at the Annual General Meeting of the Association. The

Auditor shall submit the Balance sheet and Income and Expenditure

and Receipts and Payments account for the year up to 31st March

together with his report to the Annual General Meeting of the

Association. The Auditor shall hold office till the end of the next Annual

General Meeting. The Auditor shall be eligible for reappointment.

FILING OF RETURNS

20.1. The secretary shall prepare and file with the concerned Registrar of

Societies, annual or other statements which are specified in the

Societies Registration Act and rules framed thereunder.

20.2. For all matters not specifically provided for in these Bye-laws, the

provision of the Tamil Nadu Societies Registration Act, 1975 shall

apply.

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We, the several persons whose signatures are hereunder, certify this to

be a True Copy of the Bye-laws of the “The Central Park Apartment

Owners Association”, which were passed at the meeting of the Association

held on 09.03.2012.

NAMES AND ADDRESSES OF MEMBERSSl.No.

Name andAddress

Designation (in the Association)

Occupation Signature

1. President

2. Treasurer

3. Jt. Treasurer

4. Secretary

5. Jt. Secretary

6. CommitteeMember

7. CommitteeMember

8. CommitteeMember

9. CommitteeMember

Dated at Chennai on this day of March, 2012;

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WITNESSES:

NAME ADDRESS SIGNATURE

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