13 Mar Smart way to manage your Co-Operative Housing Society. Web based Apartment Home; Blog. Bye Laws for Housing Society in Maharashtra. 17 Jan Maharashtra Co-operative Housing Society Bye Laws offer a clear set of guidelines for management of cooperative housing societies in the. State Laws. List of Housing Society Laws, Bye-Laws. Maharashtra. The Maharashtra Apartment Ownership Act, ยท The Maharashtra Co-Operative Societies.

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The condition for membership โ€” Applicant to take 10 shares of Rs. Cash sciety hand is maintained by the society for day to expenses such as plumber’s payments for instance.

Appointment of Auditors, their Remuneration, Rights and Responsibilities, removal etc. Copy of Maharaashtra laws, list of members to be kept open for inspection to the public free of charge. 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.

Under Byelaw number 62 of the new model byelaws all you need to do is make an application to the society saying that you intend to purchase another flat. Under byelaw number 3 25 family members means the following group of persons: Transfer among family members: Byelaws are the rules that govern a co-operative society houusing its members and these undergo changes from time to time through amendments whenever the government feels the need for maharashrta.

Sinking fund can be utilized by the society and no permission of the Registrar is needed. And such communication in reality takes more than seven days or even a month since the committee needs to find out whether all dues such as electricity bills, housing loans if any among others have been paid.


Also, in my opinion, there are many mistakes in it.

Apartment and Housing Society Laws, Bye-Laws

Cash in Hand at the close of the day limit increased from Rs. For instance, if you were the owner of a flat in Mumbai you could not own housjng flat in the same city. Service charges include salary of the office staff, liftmen, watchman, the property taxes, electricity charges, water charges, etc.

However, Rule 24 and Bye-law No. General body permission, however, is a must.

Co-operative society: All about new byelaws

Byelaws are district specific. The auditor should be a panel auditor and maximum appointment for consecutive three years and maximum 20 audits excluding for societies with a paid capital of less than Rs. The Maharashtra Fire Prevention and Life Safety Measures Rules,made it mandatory for building owners and residents to conduct half โ€” yearly fire safety audits and submit the report gye the fire department.

Security bond for holding cash from the employee and officer and if paid up capital is less than 1. For instance, the cash on hand limit under the old byelaws maharasjtra Rs Ownership in the property individually or jointly with others is must and whose name does not stand first in the share cioperative. You May Also Like.

For more on personal finance, click here. And hence in the new byelaws the same has been increased to Rs 4, Education and training of Co-operative members, committee members, officers and employees โ€”.

Maharashtra Co-operative Housing Society Bye Laws

You needed to sociiety the registrar’s permission to purchase a second flat in the same society or within the limits of a certain district. Applicant to take 10 shares of Rs.

Such changes under various headings become imminent and that is how the new model byelaws came into effect from July 2, But then note that when a new co-operative society approaches the registrar it would have to compulsorily adopt the new byelaws. For encroachment of common areas by members to be charged at 5 times the monthly maintenance lws for the period of such encroachment.


That apart it also includes entrance fees for affiliation to the housing federation and any other co-operative institution, audit fees for internal, statutory and re-audit if any besides expenses incurred at meetings of the general body, the committee and the sub-committee retainer fees, legal charges, statutory enquiry fees among others. Penalties prescribed for various offenses and a consolidated penalty for all defaults to be Rs. Under the old byelaws in case you were to transfer your flat, a charge of 2.

So you can very well purchase a flat in the same society.

Recent changes in Maharashtra Co-Operative Society Act 1960

Additional responsibility to file FIR if misappropriation, etc is provided. Purchase of second flat: Cash expenses limit Rs.

Filing of Annual Mandatory Returns with the Registrar. Now if the flat was given on leave and licence, the maintenance charge would be hiked to Rs 1, Says Vinod Sampat, property lawyer, “If your co-operative society is old and maharashtr with the old byelaws it may do so as byelaws cannot be enforced by law per se. Education and Training fund of Rs.