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 […]
Category: Maharashtra
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 […]
What Is Corpus Fund in Housing Societies and When Should the Builder Pay It?
A corpus fund is a significant financial component in housing society redevelopment or new housing projects, especially in cities like Mumbai, Pune, and other parts […]
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 […]
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 […]
What Can Be Done If a Housing Society Fails to Maintain Accounts and Call AGMs for Years?
Housing societies are governed by the Maharashtra Cooperative Societies Act (MCS Act), 1960, and are bound to follow statutory obligations such as maintaining books of […]
What Housing Societies Must Know About Valid Committee Elections Under MCS Rules
In Maharashtra, housing societies are governed by the Maharashtra Cooperative Societies Act, 1960 (MCS Act) and the rules framed under it, including the MCS (Election […]