Bye-laws of cooperative housing society

Such changes under various headings become imminent and that is how the new model byelaws came into effect from July 2, You needed to obtain the registrar's permission to purchase a second flat in the same society or within the limits of a certain district. These are called byelaws and are limited to the Maharashtra state.

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The member, too, can take legal recourse, such as approaching the civil or the cooperative court.

Recent changes in Maharashtra CoOperative Society Act

Over the years it was felt that the amount was not sufficient. International Business World News. It's the society's consent that matters. Cash on hand is maintained by the society for day to expenses such as plumber's payments for instance.

However, Rule 24 and Bye-law No. Get instant notifications from Economic Times Allow Not now. You needed to obtain the registrar's permission to purchase a second flat in the same society or within the limits of a certain district. To see your saved stories, click on link hightlighted in bold.

Defence Defence National International Industry. Additional responsibility to file FIR if misappropriation, etc is provided.

Can housing societies refuse tenants? Here's what you need to know

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. Foul language Slanderous Inciting hatred against a certain community Others. Applicant to take 10 shares of Rs. Under the old byelaws the maintenance charged varied among members.

Vinod Sampat, president, Cooperative Societies Residential Users Association, and a real estate lawyer, explains that any regulation which infringes on the fundamental rights of an individual can be challenged in the court of law.

In the new byelaws the same has been done away with. Security bond for holding cash from the employee and officer and if paid up capital is less than 1.

Being single is the biggest disadvantage if wociety are looking to rent a house in the metros. But when a new co-operative society approaches the registrar it would have to compulsorily adopt the new byelaws. Filing of Annual Mandatory Returns with the Registrar.

Penalties prescribed for various offenses and a consolidated penalty for cooperztive defaults to be Rs. For instance, under the new model byelaw number 61, the managing committee needs to inform the member in writing within seven days of the date of the decision of committee about cessation of a membership.

For more on personal finance, click here. Sinking fund can be utilized by the society and no permission of the Registrar is needed. Service charges include salary of the office staff, liftmen, watchman, the property taxes, electricity charges, water charges, etc.

Leave a Reply Cancel reply Your email address will not be published. Under byelaw number 3 25 family members means the following group of persons: In other words while these are more or less the same there could be minor changes depending on which district you fall in whether it is Mumbai, Pune or Thane.

Co-operative society: All about new byelaws

Education and Training fund of Rs. Under the old byelaws there were restrictions on holding more than one flat. In many casessuch bye-laws are interpreted in a certain manner in order to achieve this. The housing society regulations don't have the same stature as that of a law. For instance, if you were the owner of a flat in Mumbai you could not own another flat in the same city. But another flat in Pune or Thane was allowed.

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