2. Open terrace means a terrace to which all members have access.[Bye-Law No. 3[21]]
3. Recognizing the need of redevelopment and its impact with the passage of time.
4. Linking rights of members to the number of flats.[Bye-Law No. 7[j]].
5. Giving papers to members within 15 days of request of the member.[Bye-Law No. 23]
6. Specifying time limit for certain acts. [Bye-Law No. 23,27[d],28,29,30,38[c],106,165]
7. Nominee cannot create interest in favour of third parties without establishing the rights of the legal heirs.[Bye-Law No. 34]
8. Submission of stamp duty and registration receipt At the time of transfer of flat.[Bye-Law No. 41[6],38[e][4]]
9. Child labour prohibited from working in co-operative societies.[Bye-Law No. 50[b] and 161[c]]
10. Dues of society can be recovered from the legal heirs of the deceased member and /or the occupant.
[Bye-Law No. 70[b]]
11. Structural audit to be done by structural engineer.[Bye-Law No. 76]
12. Member will not have a right to sell the parking space which has not purchased by him at the time of
transfer of shares. [Bye-Law No. 77]
13. Money of the society for day to day activities can be invested in scheduled co-operative bank or
nationalised bank.Intimation of the same has to be given to the concerned registrar within 15 days
from the date of opening of bank account.[Bye-Law No. 114]
14. If lady member is not willing to be a managing committee member than the said vacancy can be filled
by other male member.[Bye-Law No. 115]
15. If share capital of the society exceed Rs. 10,000/- than voting has to be by secret ballot at the time of
election of the society. [Bye-Law No. 116[a]]
16. If a candidate pays the society dues prior to scrutiny of nominations than the said candidate would be
eligible to contest the election. [Bye-Law No. 110]
17. No confidence motion cannot be moved within a period of six months from the date of moving the no
confidence motion against the same office bearer if the earlier no confidence motion is rejected.[Bye-Law
118[b]]
18. Casual vacancy can be filled not exceeding two seats. However the same will be done only with registrars
consent. [Bye-Law No. 129]
19. Amounts above Rs. 1,500/- should be by Account payee cheque only. [Bye-Law No. 146]
20. Honorarium that can be paid to office bearer not exceeding 15% of income or Rs. 2,000/- for each office
bearer which ever is lower. [Bye-Law No. 149[b][2]]
21. Repair contract upto Rs. 1,00,000/- can be decided by committee with a right to give increase by 10%
in the contract allotted to the lowest tender. However in such cases committee will have to take the
decision pertaining to quality of goods at its own risk [Bye-Law No. 158]
22. Every society will prepare disaster management plan which will include possibility and analysis of risk,
stake with reference to the risk, responding mechanism to risk management.Important telephone No.
to be maintained by society which will include the Tel. No. of members and Government Officer
concerned with emergency management. [Bye-Law No. 161[b]]
23. Stringent provision to ensure that the provision of Child Labour Act 1986 to be implemented. The
penalty as per law on the erring party is one year imprisonment or fine Rs. 20,000/-
24. Intimation to police authorities, social organisations, labour commissioner [Bye-Law No. 161[c]]
25. To protect the interest of the widows of the members by restricting the right of the nominee to deal
with the property.[Bye-Law No. 161[d]]
26.Maximum penalty that can be levied cannot exceed Rs. 1,000/- [Bye-Law No. 166]
27. If a member is aggrieved with any decision of the general body than the complainant must approach the
advisory committee and if satisfactory decision is not received than the complaint can lodge the complaint
with the concerned Authorities. [Bye-Law No. 175]
28. Compliance of the terms and conditions of the circular dated 03/01/2009 with regards to redevelopment
of the property. [Bye-Law No. 176]
(i) 'Act' means the Maharashtra Co-operative Societies Act 1960 (Amendment 2013 (ii) 'Rules' means the Maharashtra Co-operative Societies Rules, 1961. Bye-laws’ means by-laws consistent with Act and registered under this Act for the time being in force and includes registered amendments of such bye-laws.
- CA SHILPA SHINAGARENew Model Bye Laws of the Co-operative Housing Society.edit By Kishor Kanade.
- Maharashtra Co-operative Housing Society Bye Laws II. INTERPRETATIONS / Definitions 3. Interpretations of the words and terms: Unless otherwise separately provided in these bye-laws, the following and terms shall have the meaning assigned to them herein: (i) 'Act' means the Maharashtra Co-operative Societies Act; (MCS Act) 1960.
- Rules or by bye-laws of the society, of the profits accruing from such procurement, production or processing and distribution; (10) “Co-operative bank” means a Co-operative society which is doing the business of banking as defined in clause (b) of sub-sections (1) of section 5 of the Banking Companies Act, 1949.
- Cooperative housing society bye laws download in marathi pdf. Creeper World 3 Keygen. Inspect free of cost books, registers documents etc. This document contains the procedure to take decision on various subject on the society level according to the co-operative Act, Rules, Bye-Laws. Operative housing society bye laws pdf.
Maharashtra Co-operative Housing Society Bye Laws offer a clear set of guidelines for management of cooperative housing societies in the state of Maharashtra. Maharashtra Co-operative Housing Society Bye Laws acts in accordance with the rules drafted in the Maharashtra Co-operative Societies Act of 1960. Each housing society needs to follow the rules as listed in the Maharashtra Co-operative Housing Society Bye Laws to qualify as a registered housing society.
Definitions Used in the Act
Act: Act mentioned in the Maharashtra Co-operative Housing Society Bye Laws corresponds to the Maharashtra Co-operative Societies Act (MCS Act) of 1960.
Bye-Laws: Bye-laws mean the registered bye-laws of the society.
Chief Promoter: Chief Promoter means the person who is elected by the Promoters till the first general body meeting of the society takes place.
Committee: Committee means the Committee of the members that look after the overall management of the affairs of the society.
Days: Days mean the number of calendar days between the day of posting the notice and society meeting.
Flat: Flat means any self contained set of premises used for residential or commercial purpose.
Housing Society Federation: Housing Society Federation means the federation of co-operative housing societies, registered under the Act.
Parking Space: Parking Space means open space within the premises of the society earmarked by it for parking of vehicles and includes a stilt.
Promoter: Promoter or builder is a person or set of persons who constructs or causes to be constructed a block or building of flats or apartments for the purpose of selling.
Co Op Housing Society Bye Laws In Marathi Pdf Online
Common Areas and Facilities: Common areas and facilities for all apartments include the land on which the building is located including its foundation, terraces, halls, corridors, stairs, fire escapes as well as all entrances and exits.
Member: Any person joining the cooperative society as per the bye-laws and by submitting an application for registration is known as a member once accepted.
Working Capital: The funds at the disposal of any society including its paid up share capital, profits as well as other raised or borrowed money all come under the definition of working capital.
Key Features of the Act
Area of Operation: The area of operation for any cooperative housing society as defined under the Maharashtra Co-operative Housing Society Bye Laws shall be confined to all cities and towns of the state of Maharashtra. For the societies in Brihan Mumbai, insert City Survey Number and Ward in the gap are mandatory.
Affiliation: The Society immediately after its registration shall become a member of the Housing Federation of the District. The District Central Co-operative Bank of the District will pay funds to the society as per the bye-laws of the respective organizations.
Fund Raising: Each society can raise funds as and when required either by charging an entrance fee or issuing shares or offering loans and subsidies. The society is also allowed to receive voluntary donations. Housing societies can charge a fee on transfer of shares along with occupancy rights.
Member Rights and Responsibilities: The membership of the society as per the Maharashtra Co-operative Housing Society Bye Laws must include associate members and nominal members. Any individual who is competent to contract under the Indian Contract Act, 1872 or a corporate body constituted under any law for the time being in force, or a society registered under the societies registration act, 1860 are eligible for membership. An individual who is eligible to be the member must may the membership fee as per the society bye-laws for before being inducted as a member.
Incorporation of Duties: The registration of the Society shall render it a body corporate by the name under which it is registered. The Society shall cause the structural audit of the building of the society once in five years for buildings between 15 to 30 years of age and once every three years for buildings above thirty years of age.
Society Management: The Management of the affairs of the Society shall vest in the Committee duly constituted in accordance with the provisions of the MCS Act, 1960, the MCS Rules, 1961 and the Bye-laws of the Society. A Banking Account shall be opened by the society in the nearest State or District Central Co-op. Bank or its branch or in any scheduled co-op Bank.
Resolution of Complaints: As per the section 91 of the Maharashtra Co-operative Societies Act of 1960, any dispute regarding the business activities of the society can be forwarded to any society member of surety of the member for resolution.
Co-operative Housing Society Bye Laws Free Download In Marathi Pdf
What the Act means for people involved?
Maharashtra Cooperative Housing Society Bye-Laws promote peaceful cohabitation among the members on the Cooperative Principles. The society bye laws ensure voluntary formation ensuring participation from all concerned. Maharashtra Cooperative Housing Society Bye-Laws also helps societies to initiate any redevelopment process as per the norms of the authority from structural audits to repair and renovation work along with day to day affairs of the society.