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MEMORANDUM OF ASSOCIATION
NAME OF THE ASSOCIATION : 1. The name of the Association shall be THE CENTRAL PARK APARTMENT OWNERS ASSOCIATION hereinafter referred to as the ASSOCIATION having its registered office at Elcot Avenue, Sholinganallur, Chennai 600 019.

OBJECTS OF THE ASSOCIATION: 2. The objects of the Association shall be : 2.1. 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, swimming pool, 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, referred to as The Common Areas, Facilities & Amenities); 2.2. To manage, administer and regulate the usage of The Common Areas, Facilities & Amenities; 2.3. 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; are herein

2 2.4. To cover any of The Common Areas, Facilities & Amenities under Maintenance Contracts and/or Insurance policies; 2.5. To identify, negotiate with and engage suitable persons,

organisations or agencies to provide security services, housekeeping, handy-man services, and supervisory services, if deemed fit and expedient, for The Common Areas, Facilities & Amenities; 2.6. 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 is owned/ occupied by each owner/ resident of the apartments/ units in the building complex known as THE CENTRAL PARK; 2.7. 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; 2.8. To ensure that all the apartments in the building complex known as THE CENTRAL PARK are used only for residential purposes; 2.9. 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; 2.10. 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

3 on legal proceedings, negotiate, compromise and settle disputes on matters affecting common rights and properties of the residents and owners of THE CENTRAL PARK; 2.11. 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; 2.12. To create and maintain one or more Bank Accounts into which all income and other funds belonging to the Association are credited, 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; 2.13. To prevent the usage of owners 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; 2.14. To regulate the usage of the specifically designated areas for eating, resting, sleeping etc. by owners 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; 2.15. 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;

4 2.16. 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; 2.17. 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; 2.18. 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. 2.19. 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. 2.20. 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.

5 2.21. To fix the responsibility for the payment of the monthly maintenance charges /fees for the respective members apartment on the member/s concerned and not on the tenant or occupant of the apartment. 2.22. 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 members apartment. 2.23. 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. 2.24. To hold meetings, get-togethers and festival celebrations for the benefit of all the members; 2.25. 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. 2.26. To conduct opinion polls either electronically or physically on major issues concerning all or a majority of the members of the Association 2.27. To enter into agreements / contracts / understanding with third parties in the interest of the Association generally and for the fulfillment of the abovementioned objects. 2.28. To do all such lawful things as are incidental to or conductive to the attainment of the aforementioned objects.

6 We the several persons whose signatures are hereunder are desirous of forming ourselves into an Association. NAMES AND ADDRESSES OF MEMBERS Sl. No . 1. Name and Address Designatio Occupation n (in the Association ) President Signature

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Treasurer

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Jt. Treasurer

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Secretary

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Jt. Secretary

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Committee Member Committee Member Committee Member Committee Member Dated at Chennai on this WITNESSES: day of March, 2012;

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8.

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7 NAME ADDRESS SIGNATURE