MAHARASHTRA HOUSING SOCIETY BYLAWS PDF

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Maharashtra Co-operative Housing Society Bye Laws. 1. PRELIMINARY. 1. (a) Name of the Society: The name of the Society shall. Mar 13, Smart way to manage your Co-Operative Housing Society. Web based Apartment Home; Blog. Bye Laws for Housing Society in Maharashtra. Aug 19, Procedure To Recover Dues From Housing Society Maintenance Bill Defaulters. In current situtation running a society smoothly depends on.

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Recent changes in Maharashtra CoOperative Society Act

The most commonly used and popular method to calculate the apartment maintenance fee is paying according to the area. However, Rule 24 and Bye-law No. Maharastra condition for membership — Applicant to take 10 shares of Rs.

Procedure To Recover Dues From Housing Society Maintenance Bill Defaulters In current situtation running a society smoothly depends on how much cash reserves the society has in its bank.

Recent changes in Maharashtra Co-Operative Society Act 1960

Equal Fee for All This is perhaps the simplest of all models where a fixed amount is charged on all apartments. Education and training of Co-operative members, committee members, officers and employees —. Penalties prescribed for various offenses and a consolidated penalty for all defaults to be Rs. Additional responsibility to file FIR if misappropriation, etc is provided.

Education and Training fund of Rs. After verifying and hearing if registrar find the appeal truthful he will issue recovery certificate to society. Mandatory filing of Annual returns and auditors appointment should be insisted for.

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MODEL BYE LAWS OF COOPERATIVE HOUSING SOCIETY

Copy of Bye laws, list of members to be kept open for inspection to the public free of charge. You May Also Like. Leave a Reply Cancel reply Your email address will not be published. Sinking fund can be utilized by the society and no permission of the Registrar is needed. You can find some of the popular methods to calculate the maintenance fee for your apartment along with their advantages and disadvantages below:.

Amendment of bye-laws – Maharashtra Cooperative Societies Rules,

The method involves splitting the charges into two with the first part including all the common expenses incurred on lifts, security staff salary, stationary, property taxes, conveyance, audit fees, meeting charges, common electricity etc. Cash expenses limit Rs. Though it aims to be fair on all parties, there is still a difference in opinion on which items should be charged as per apartment size. Procedure for changing the address of the Society.

In current situtation running a society smoothly depends on how much cash reserves the society has in its bank. For financial advice online check out OakParkFinancial. General body permission, however, is a must. Further, a half-yearly meeting should be held to discuss the feasibility of the plan and also to cut down any charges that are imposed unnecessarily.

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In this method, a particular amount of money is charged on the area up to a predetermined square feet value.

There is also a non-refundable sinking maharashrra which is charged by the society for major repairs. NOC of society for transfer of flat or property is not required. Registration number and the registered address. Security bond for holding cash from the employee and officer and if paid up capital is less than 1. Registrar may ask for hearing with defaulter member and verify the records.

Casual vacancy in management committee to be informed to Election Authority and co-option is not allowed. Name of the Society b The society shall follow the procedure laid down under Section 15 of the Act and Mayarashtra 14 of the Rules for the change of its name. Other Important bye law provisions auditor should know: In most modern complexes, that is not the case and the small apartment owners end up paying an unfair amount of maintenance. Your email address will not be published.

Exhibition of Name Board. However, it is also one of the most unfair.