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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However, Rule 24 and Bye-law No.
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.
There is also a non-refundable sinking fund which is charged by the society for major repairs.
Penalties prescribed for various offenses and a consolidated penalty for all defaults to be Rs. You May Also Like. Ownership in the property individually or jointly with others is must and whose name does not stand first in the share certificate.
Recent changes in Maharashtra Co-Operative Society Act 1960
The most commonly used and popular method to calculate the apartment maintenance fee is paying according to the area. Procedure for changing the name. Casual vacancy in management committee to be informed to Election Authority and co-option is not allowed.
Partially Equal Fee In this method, a particular amount of money is charged on the houslng up to a predetermined square feet value. Recovering the dues from members is complicated task as it also harm the personal relation with the committee members and defaulter members.
Other Maharashtea bye law provisions auditor should know: It is conventional to collect at least 0. Name of the Society b The society shall follow the procedure laid down under Section 15 of the Act and Rule 14 of the Rules for the change of its name.
But have you given a thought about maintenance? Registrar may ask for hearing with defaulter member and verify the records.
You can find some of the popular methods to calculate the maintenance fee for your apartment along with their advantages and disadvantages below: This means that if you have a larger home, you will end up paying more. Though you own the apartment, you are a resident of the apartment complex, which means you are required to pay monthly charges for the maintenance of the common areas in addition to plumbing and electrical repairs inside your apartment.
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. Mxharashtra method involves splitting maharaehtra 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. Education and training of Co-operative members, committee members, officers and employees —.
MODEL BYE LAWS OF COOPERATIVE HOUSING SOCIETY
For More Details — Source. Procedure for changing the address of the Society. The condition for membership — Applicant to take 10 shares of Rs. Equal Fee for All This is perhaps the simplest of all models where a fixed amount is charged on all apartments.
Mandatory filing of Annual returns and auditors appointment should be insisted for. In current situtation houxing a society smoothly depends on how much cash reserves the society has in its bank. To arrive at the monthly maintenance fee https: In this method, a particular amount of money is charged on the area up to a predetermined square feet value.
Every member is bylass to contribute to the sinking fund, which grows over the years. Beyond that, any increment in area is charged according to a unit decided by the apartment association.
Recent changes in Maharashtra CoOperative Society Act
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. Copy of Bye laws, list of members to be kept open for inspection to the public free of charge. After verifying and hearing if registrar find the appeal truthful he will issue recovery certificate to society.
This also depends on the size of the apartment and the amount stays with the society until repairs are undertaken. Name of the Society. The auditor should be a panel auditor societ maximum appointment for consecutive three years and maximum mahaeashtra audits excluding for societies with a paid capital of less than Rs.
Amendment of bye-laws – Maharashtra Cooperative Societies Rules,
The popularity of this method comes from the fact that it is easier to calculate. However, it is also one of the most unfair. For More Details — Source Disclemair: For financial advice online check out OakParkFinancial.