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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So you can very well purchase a flat in the same society. Bye laws of cooperative housing society under the new model byelaw number 45 all that has been scrapped and a common charge is levied as per the general body resolution subject to the condition that it is not above Rs 25, Housing society byelaws The actions of all co-operative society members, insofar hlusing they affect other members or the building itself, are governed by a set of rules.
I am the Second Name co-owner of a flat in Mumbai.
In many states, including Delhi and Maharashtra, ten flat-owners are enough to promote a co-operative housing society. 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.
Recent changes in Maharashtra Co-Operative Society Act
Additional responsibility to file FIR if misappropriation, etc is provided. These are called byelaws and are limited to the Maharashtra state.
NOC of society for transfer of flat or property is not required. If you are granted associate membership, you can vote. 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 auditor.
This was done for Mumbai in And hence in the new byelaws the same has been increased to Rs 4, But then note that when a new co-operative society approaches the registrar it would have to compulsorily adopt the new byelaws. 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.
In the new byelaws the same has been done away with. Ownership in the property individually or jointly with others is must and whose name does not stand first in the share certificate. Yet it bye laws of cooperative housing society the committee that works out how many thousands you pay per month in maintenance fees, gives you a no-objection certificate NOC if you wish to rent out your flat, bye laws of cooperative housing society decides the amount to be charged for transfer of interest in a flat.
Since then, the government has made it mandatory for co-operative societies in Maharashtra to bye laws of cooperative housing society the new byelaws.
Co-operative society: All about new byelaws
A building without a housing society usually indicates that there is a dispute between members or a general lack of interest. Also let us know the procedure by which we both can bye laws of cooperative housing society member coopeerative management committee of the society.
A co-operative can hold two types of meetings for the general body — annual general meeting AGM and special general body meeting.
Right to minutes of meeting: Under the old byelaws there were transfer charges applicable even if the transfer was between family members.
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All such amendments houeing to be approved by the registrar. However, law relating to housing societies is flexible. For more on personal finance, click here. At times, states also release amendments to the model byelaws.
Byelaws are district specific. Under byelaw number 3 25 family members means the following group of persons: Each housing society has a share capital, which will be paid up equally by the residents of the society, regardless of the size of the flat.
Housing Society Byelaws & Member Rights
Leave A Comment Cancel reply Your email address will not be published. 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 society have been recorded.
Service charges include salary of the office staff, liftmen, watchman, the property taxes, electricity charges, water charges, etc.