I hope you all will benefit from it -Prashant B Uikey –@ Model Bye-Laws of The Co-Operative Housing Societies I. Preliminary 1. 17 Jan Maharashtra Co-operative Housing Society Bye Laws offer a clear set of guidelines for management of cooperative housing societies in the. 25 Dec Following are some of the important changes done in the MCS Act, and also in the Model Bye-laws of Cooperative Housing societies.

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Maharashtra Co-operative Housing Society Bye Laws

All such amendments need to be approved by the registrar. Cash on hand is maintained by the society for day to expenses such as plumber’s payments for instance. The third is a meeting of bye laws of cooperative housing society the managing committee members. At times, states also release amendments to the model byelaws. This was done for Mumbai in Since then, the government has made it mandatory for co-operative societies in Maharashtra to adopt the new byelaws.

Over the years it was felt that the amount was not sufficient. Housimg then note that when a new co-operative society approaches the registrar it would have to compulsorily adopt the new byelaws. Your email address will not be published. Under the old byelaws the maintenance charged varied among members. Can a Associate member having name in Share certificate be co-opted in the committee. For instance, bye laws of cooperative housing society cash on houskng limit under the old byelaws was Rs For more on personal finance, click here.

Education and training llaws Co-operative members, committee members, officers and employees —. But another flat in Pune or Thane was allowed. A building without a housing society usually indicates that there is a dispute between members or a general lack of interest. Cash in Hand at the close of the day limit increased from Rs. Education and Training fund of Rs.

Byelaws xociety the rules ohusing govern a co-operative society and its members and these undergo changes from time to time through amendments whenever the government feels the need for changes. Applicant to take 10 shares of Rs.

Sinking fund can be utilised by the society and no permission of the Registrar is needed. Click here to read How to Close a Society.

You may request the last audited annual balance sheet, or the profit and loss account, and those portions of the books and records in which his transactions with the bbye have been recorded. In most cases, though, societies use the model byelaws that are provided, coupled with the provisions relating to housing societies in the rules and act. Mandatory filing of Annual returns and auditors appointment should be insisted for.

Auditor should be a panel auditor and maximum appointment for consecutive three years and maximum 20 audits excluding for societies with paid capital of less than Rs. So you can very well purchase a flat in bye laws of cooperative housing society same society.

Under coooperative Maharashtra Co-operative Societies Acta housing society is free to adopt its own set of laws that governs its members. In the new byelaws the same has been done away with. You were also needed to bye laws of cooperative housing society an affidavit saying that you do not hold any other flat in the same district.

For instance, under the new model byelaw number 61, the managing committee coooerative to inform the cooperaitve in writing within seven days of the date of the decision bye laws of cooperative housing society committee about cessation of a membership. First name is of my wife and second is mine. These properties are in our joint name means we are the co owners. The Maharashtra Fire Prevention and Life Safety Measures Rules,made it mandatory for building owners and residents to conduct half — yearly fire safety audits and submit the report to the fire department.

We myself and my wife have purchased two properties one bungalow and one flat in one society at Sawantwadi, Maharashtra.

Purchase of second flat: In Andhra Pradesh, however, approval is needed only if the bye laws of cooperative housing society is of houaing interest to members. But under the new model byelaw number 45 all that has been fooperative and a common charge is levied as per the general body resolution subject to the condition that it is not above Rs 25, If your spouse, for example, owns another house in the building, she will also get one vote.

Appointment of Auditors, their Remuneration, Rights and Responsibilities, removal etc.

Also let us know the procedure by which cooperatiive both can become member of management committee of the society. One time limit for repairs and maintenance expenses management committee can decide is Rs.

Penalties prescribed for various offenses bye laws of cooperative housing society consolidated penalty for all defaults to be Rs. Finding out that the water pump needs repairing or when the sinking fund is to be used is boring. Transfer among family cooperativs NOC of society for transfer of flat or property is not required. Elections of management committee must be notified six months in advance and to be held under the supervision of the newly constituted State Co-operative Election Authority SCEA.

For instance, let us say the monthly maintenance amount payable was Rs You may also get a copy of these on payment of a fee to be decided by the societyif you wish to have them examined by an external socieety.

Filing of Annual Mandatory Returns with the Registrar. Bye laws of cooperative housing society responsibility to file FIR if misappropriation, etc is provided.

Co-operative society: All about new byelaws

Other Important bye law provisions auditor should know: In many states, including Delhi and Maharashtra, ten flat-owners are enough to promote a co-operative coooperative society. Now if the flat was given on leave and licence, the maintenance charge would be hiked to Rs 1, If you are granted associate membership, you can vote.

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