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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At times, states also release amendments to the model byelaws. For more on personal finance, click here. Copy ssociety Bye laws, list of members to be kept open for inspection to public free of charge. If you are granted associate membership, bye laws of cooperative housing society can vote. For instance, the cash on hand limit under the old byelaws was Rs Applicant to take 10 shares of Rs.

You probably find it difficult to work up the energy to attend a housing society meeting, especially if petty issues are on the agenda.

Under the Maharashtra Co-operative Societies Acta housing society is free to adopt its own set of laws that governs its members.

In Andhra Pradesh, however, approval is needed only if the amendment is of strategic interest to members. Even defaulters have the right to vote. 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. But then under Section 6 read with byelaw number 3 of the model byelaws, no transfer charge is to be levied in case of transfer of flat to any one of the family members.

bye laws of cooperative housing society

Co-operative society: All about new byelaws

Housnig when a new co-operative society approaches the registrar it would have to compulsorily adopt the new byelaws. A co-operative can hold two types of meetings for the general body — annual general meeting AGM and special general body meeting. But another flat in Pune or Thane was allowed.

So you can very well purchase a flat in the bye laws of cooperative housing society society. Cooperativ builder may also be statutorily cooperattive to form a society. The Maharashtra Fire Prevention and Life Safety Measures Rules,made it mandatory for building owners and cooperatlve to conduct half — yearly fire safety audits and submit the report to the fire department.

In many states, including Delhi and Maharashtra, ten flat-owners are enough to promote a co-operative housing society. Transfer among family members: Would like to know whether we both can be a member bye laws of cooperative housing society the management socifty of the society?

Under byelaw number 3 25 family members means the following group of persons: Casual vacancy in management committee to be informed to Election Authority and co-option is not allowed. For instance, if you were the owner of a flat in Mumbai you could not own another flat in the same city. 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.

Recent changes in Maharashtra Co-Operative Society Act

Right to minutes of meeting: But bye laws of cooperative housing society note that when a new co-operative society approaches the registrar it would have to compulsorily adopt the new byelaws. Under the old byelaws there were restrictions on holding more than one flat.

Condition for membership — Applicant to take 10 shares of Rs. 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.

Filing of Annual Mandatory Returns with the Registrar. Housing society byelaws The actions of all co-operative society members, insofar as they affect other members or the building itself, are governed by a set of rules.

Housing Society Byelaws & Member Rights

Penalties prescribed for various offenses and consolidated penalty for all defaults to be Rs. I f your co-operative society is old it may continue to follow old byelaws. You May Also Like. In all three cases, the minutes of the meeting are recorded.