There has been a lot of debate as to what is the lifespan of buildings (RCC structure) in India when you talk about building redevelopment? Some people have an opinion that RCC buildings can last for 50-80 years and hence there is no need to go for building redevelopment. As per the experts, the conservative Read more about Key Benefits of Building Redevelopment[…]
It’s important for the Managing Committee of the Hosing Society to keep them self updated on the various compliance requirements as listed below. Is it mandatory to adopt Model Bye-laws? Yes. In accordance with the 97th constitutional amendment 2013, it is must for the housing society to adopt the Model bye-laws in your society. You Read more about SOCIETY BLUES : CONCERNS & ISSUES[…]
There has been a lot of confusion regarding the payment of the maintenance and repair charges, regarding the use of the lift in Housing Co-op. Society. It would be important to mention here that some of the Societies are still following the old bye-laws, whilst most of the Societies have adopted the Model Bye-Laws. In Read more about Whether all the members are supposed to pay charges for using & maintaining lift?[…]
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[…]
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[…]
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[…]
In 2013, Government has amended the Maharashtra Cooperative Societies Act, 1960 on 13th of August and introduced a new election procedure for cooperative housing societies as per the amended provisions of section 73 CB (1) in the State Cooperative Election Authority. There are two categories as per housing societies; first is Housing Societies having 200 Read more about Election procedures for Housing Societies have changed[…]
After the consideration of the Committee’s Report, the state Government issued an Order dated 1.8.2001 in Public Interest under Section 79 A of the said Act, there by directing the Societies not to charge non-occupancy charges beyond 10% of the service charges (excluding Municipal Taxes) The levy of non-occupation charges has been a controversial issue Read more about Non Occupancy Charges can not be more than 10%[…]