Ordinance to amend Maharashtra Co-operative Societies Act 1960: All you need to know

By K. K. Ramani (Advocate) The Maharashtra Cooperative Societies (Third Amendment) Ordinance 2018 promulgated by the Governor of Maharashtra brings about significant changes in the Cooperative Societies Act, mainly to cater to the issues of cooperative housing societies. Maharashtra Cooperative Societies Act, as it stood, is designed to regulate the affairs

Maharashtra Co-operative Societies Act, 1960 – Amendments 2013

By Accommodation Times News Services Maharashtra Co-operative Societies Act, 1960 - Amendments 2013 vide Ordinance dated 14 February, 2013 By- Mr. Fazalahmed B. Khan Former Deputy Secretary, Urban Development Department, Government of Maharashtra 1. The recital of an Act

Maharashtra Co-operative Societies (Second Amendment) Act 2018: All You Need To Know

The sub-section (4), section 166 of the principal Act is been removed. By Rohit Sharma MUMBAI The members of the committee and its office bearers not only have to co-terminus of the committee after five years from the date of election but also the members shall be deemed to have vacated their offices

PNB freezes bank account of fake Housing Societies in Vidya-Vihar West

By Rohit Sharma MUMBAI: Recently, Punjab National Bank (PNB) has blocked the bank account of Avanti CHS Ltd (proposed) and two other buildings in the residential complex, Neelkanth Kingdom located in Vidya-Vihar (West), for flouting KYC requirements and illegally opening the bank account, said the sources. On February 2019, PNB had sent a

Procedure for Self Redevelopment of housing societies in Maharashtra

By Dr Sanjay Chaturvedi, LLB, PhD Builders are not finding viable projects offered by housing societies in Maharashtra, are going in for self redevelopment. Due to slow down in market and new DCR where the redevelopment is not viable in Mumbai, housing societies in Maharashtra are going in for self redevelopment. Developing

Chapter II: Properties On The Plots Allotted By Cidco To Co-Operative Housing Societies

By Advocate S. R. Agarwal Besides leasing out the plots by CIDCO as tender plots as discussed in the earlier Article, plots are allotted by CIDCO to various groups at concessional rates, decided from time to time, including Housing Co-operative Societies formed by the persons of 15 years domicile in Maharashtra. As per

New Chapter: housing societies can conduct elections if less than 200 members

By Rohit Sharma MUMBAI: Now, the housing society can self-conduct elections of the committee if the society has less than or up to 200 Members, according to Maharashtra Co-operative Societies (Third Amendment) Act, 2018. “The Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further

Maha state to have separate office for cooperative housing societies

By Accommodation Times Bureau MUMBAI The State Cooperation Minister, Subhash Deshmukh on Monday said that the Maharashtra government will set up a different office for issues related to cooperatives housing societies to safeguard the interest of residents. Deshmukh informed that “The new chapter will be ready in 3-4 months. Some new rules will