In the digital age, convenience and speed are key factors influencing how we handle financial transactions. Housing societies are no exception. As online payments become […]
Category: Co-operative Society
Can a Housing Society Committee Be Penalised for Not Providing Audited Balance Sheets to a Member?
Transparency and accountability are core principles in the functioning of cooperative housing societies. Members have a legal right to access certain documents, including audited balance […]
Who Should Sign Share Certificates in a Housing Society?
In cooperative housing societies, share certificates are a key legal document that confirms the ownership of shares by a member. These certificates not only prove […]
Benefits of Joint Ownership in Property: Tax, Loan, Legal & Practical Gains
Buying a property, especially in a high-value market like Mumbai, is often a major financial decision. One of the most effective ways to manage this […]
Can Housing Society Issue Consolidated Bills Without Break up of Maintenance Charges
One common grievance among members of cooperative housing societies is the lack of transparency in maintenance bills. Often, societies issue consolidated bills under the generic […]
Can the Secretary and Chairman Resign at the Same Time in a Housing Society?
In a cooperative housing society, situations may arise where the Secretary and the Chairman wish to resign simultaneously. This is legally permissible and the Maharashtra […]
Election of Board Members in a Condominium: Can Authority Letters Override Bye-Laws?
In Maharashtra, condominiums are governed by the Maharashtra Apartment Ownership Act, 1970 (MAOA). Unlike cooperative housing societies, which are governed by the Maharashtra Cooperative Societies […]
Who Is Liable for Unpaid Electricity Dues After Buying a Property in a Bank Auction?
When a property is purchased through a bank auction, especially under SARFAESI or DRT proceedings, it is typically sold on an “as is where is”, […]
Do All Members Need to Sign a Redevelopment Agreement?
The process of redeveloping a housing society is a significant undertaking, often fraught with questions and concerns from its members. One of the most frequently […]
Associate Member in Housing Society – Rights, Voting & Legal Status as per MCS Act
With the 2019 amendment to the Maharashtra Cooperative Societies (MCS) Act, the concept and role of an associate member have been clearly defined and legally […]