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1 - 10 of 13 (0.24 seconds)The Limited Liability Partnership Act, 2008
Section 4 in The Limited Liability Partnership Act, 2008 [Entire Act]
Section 2 in The Limited Liability Partnership Act, 2008 [Entire Act]
The Registration Act, 1908
The Maharashtra Co-Operative Societies Act, 1960
Section 10 in The Limited Liability Partnership Act, 2008 [Entire Act]
Section 3 in The Limited Liability Partnership Act, 2008 [Entire Act]
Section 7 in The Limited Liability Partnership Act, 2008 [Entire Act]
Ramniklal Tulsidas Kotak And Others vs Varsha Builders And Others on 26 August, 1991
If the promoter holds freehold ownership,
the society must receive that ownership. If the promoter holds
leasehold rights, the society must receive the full leasehold
interest. The promoter cannot whittle down his own estate and
pass a lesser interest. Farhat considers the scheme explained in
Ramniklal Tulsidas Kotak v. Varsha Builders 1993 (1) Mh. L.J. 323 .
The promoter may be an absolute owner, a lessee, an agreement
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holder with enforceable rights, or an agent of the owner. In each
situation, the key requirement is that the promoter must have
sufficient entitlement to construct and sell flats on ownership
basis. Where he is not absolute owner, the owner must be made a
confirming party so that the flat purchasers are not left remediless.
The object of the Act is protection of purchasers and prevention of
malpractice.