A member means a person joining in an application for the registration of a Co-operative Society which is subsequently registered, or a person duly admitted to membership of a society after Registration and includes a National and Associate or sympathizer member. Classes of Members 1. Associate Members : Means a member who holds jointly a Read more about Classes of Members in Cooperative Societies[…]
The government of Maharashtra has allowed the Associate members along with original member to attend General Body Meetings of Co-operative Housing Societies on following conditions : 1. If a member of cooperative housing society being a senior citizen or due to old age or due to infirmity can attend a General Body meeting of cooperative Read more about Special Privilege to senior citizens in CHS[…]
In order to eliminate draw-backs, shortcomings etc as outlined above and to bring about a large scale improvement in the matter of audit of non-aided societies, the following procedure should be followed :- (i) All non aided societies will be free to select and appoint their own Auditor from the panel maintained by District Deputy Read more about Non-aided Societies[…]
Nowadays more and more housing cooperative societies are receiving notices from the government, ever wondered why? Housing cooperatives are not exempted from income tax, but to avoid tax liability housing cooperative avoid paying tax. A housing cooperative is either fully or partially taxable are not an exception to this either. Income Tax department does not Read more about Income Tax and Housing Society Cooperatives[…]
Our common query, Who has the right to remove an office bearer of the committee in Housing Society? An office bearer is a person who is responsible for in managing under the authority and holds the responsibility of the smooth functioning of the housing society and its office. Nowadays, the scene has been changing; more Read more about Who has the right to remove an office bearer of the committee in Housing Society?[…]
If individual members enter into partnership deed in a shop can society recover non-occupancy charges ? If a shop keeper enters into a partnership deed for carrying out any business in the shop which is in the individual’s name, the individual will have to transfer the shop in the firm’s name; after proper procedure of Read more about Members, Housing Society Interest Rates, Advance Payment. A Few queries solved![…]
The Co-operative Housing Societies are democratic bodies, their affairs are managed by the members of the societies itself. The managing committee elected by members from themselves are responsible to look after the management of the society as per the approved bye-laws of the society, under the provisions of the Act and as per the Rules Read more about Why attend your General Body Meeting without Fail[…]
It’s the 1st CHS of Mumbai !!! This Co-operative housing society was built in 1949 much before the Maharashtra Society Act came into existence. It was inaugurated by Mr. Morarji Desai; an Indian Independence Activist and former PM of India from 1977-1979. This CHS has a rich history; one of the most differentiating factor of Read more about Do you know Swadhin Sadan CHS ?[…]
The cooperative societies are not set up or established under any act of Parliament or State Legislatures. Cooperative Societies and Multi-State Cooperative Societies are registered and governed by the Cooperative Societies Act of Different states and Multi-State Cooperative Societies Act respectively. Cooperative legislation’s and rules are brought into force for the sole reason of the Read more about Is co-operative organization a co-operative employee a public authority and public servant respectively ?[…]
Maharashtra Society Act, 1960 was amended on 14th February, 2013, for the 97th time and was publicized recently. The recent changes has both positive & negative impact on co-operative housing societies all across the city of Mumbai and state of Maharashtra. The most significant points which may impact Housing Societies and its members are as Read more about Impact on changed election rules for housing societies across Maharashtra[…]