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…
Category: Maharashtra
Who Should Sign Share Certificates in a Housing Society?
In cooperative housing societies, share certificates are a key legal document that confirms the ownership…
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…
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…
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…
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…
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…
Do All Members Need to Sign a Redevelopment Agreement?
The process of redeveloping a housing society is a significant undertaking, often fraught with questions…
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…
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…