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

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

Housing societies below 100 member may hold election on own

By Accommodation Times Bureau After several efforts from consumer activists, the state cabinet immune those cooperative housing societies who have less than 100 members may soon be allowed to hold elections itself rather than going to long process. “The decision of cabinet will have to enacted through amendment or ordinance of  Maharashtra

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

No Stamp Duty on new flats acquired after redevelopment

By Accommodation Times Bureau According to circular No.K.5/Stamp-17/Pra.Kr.10/13/303/17 dated 30th March 2017, Department of Stamps, Inspector General of Registration & Controller of Stamps (Maharashtra State), there shall be no Stamp Duty payable on the areas previously held by the members of the society or areas of rehab in new construction. The circular says: It has

Mumbai housing societies have not audited from 3yrs says, state co-operatives department

By Accommodation Times News Service Office-bearers in a majority of societies in the Mumbai metropolitan region (MMR) have not appointed auditors for the last three financial years, revealed the Maharashtra cooperatives department officials. Only 7,000 societies in the MMR have qualified auditors examining their account books, which mean that large sums of