(I) All persons who have been grouped under regulation 17 shall constitute themselves into a Regis tered Agency (hereinafter called Agency) under these regulations which shall include as its objects the following' -
(i) To discharge such duties and responsibilities as are specified in these regulations and the ag 'eements made thereunder for the proper maintenance, running, upkeep and keeping in good repair common portions and Common services of such property as have been allotted to its constituent members;
(ii) To pay on behalf of the Agency and on behalf of each constituent member of such Agency all rates, taxes, fees, charges, assessments municipal or otherwise and other levies of whatsoever nature as provided in the regulations and agreements executed with the Board;
(iii) To look after the interest ofconstituent members ;
(iv) To execute with the Board agreements, lease-deed or documents, as specified in these regulations,-
(2) The Registered Agency shall be responsible at its own cost for carrying out current as well as special repairs to and maintenance of the common portions and COmmon services to the satisfaction of the Board and in accordance with the provision ofthe relevant agreement:
Provided that in case of failure in the discharge ofsuch responsibi Iity on the part of the Registered Agcney, the Board may discharge it and the expenses thus incurred by the Board (whose decision as to the amount ofsuch expenses sl1311 be binding on the Agency) shall be recoverable from the Agency as arrears of land revenue.
***