Maharashtra cooperative societies act, 1960 provides order and laws for development of cooperative societies in the state of maharashtra. Section 22 to 35 maharashtra cooperative societies act 1960. According to section 216 of the maharashtra cooperative society act, 1960, housing society means a society, the object of which is to provide its members with open plots for housing. Selected sections of amended maharashtra cooperative. Ordinance to amend maharashtra cooperative societies act. The maharashtra cooperative societies act, 1960 enter your mobile number or email address below and well send you a link to download the free kindle app. The maharashtra cooperative societies act, 19601 maharashtra act, no. Do check section 6conditions of registration and section 9 registration. Xxiv of 19612 preamble an act to consolidate and amend the law relating to cooperative societies in the state of maharashtra whereas with a view to providing for the orderly development of the cooperative movement in the state of maharashtra in accordance with the. The time to time amendments and 97 th amendment of maharashtra state cooperative societies act amended, 20 has been incorporated. Section 155 to 167 of maharashtra cooperative societies act 1960. Chapter 2 section 3 to 11 of maharashtra cooperative societies act 1960. Do check section 30transfer of interest on death of member, section 35expulsion of members.
The maharashtra cooperative societies act, 1960 maharashtra act no. The mcs act 1960 cooperative housing society in mumbai. Mcs is now easy to read with the help of footnotes and section reference. Regarding redevelopment of buildings of cooperative housing societies. Relevant extract of section 81 of maharashtra cooperative societies act 1960 sahakarayukta. Read about important changes done in the maharashtra cooperative society act, 1960 and also in the model byelaws of cooperative. Hence little governmental interference is desirable. Selected sections of amended maharashtra cooperative societies act, 1960 for housing societies with latest changes from mcs amendment bill, 20 dated august, 20 dear reader, this book contains only those sections of the amended maharashtra cooperative societies act, 1960, which are directly relevant to housing societies. The maharashtra cooperative societies act 1960 are applicable to any cooperative society registered in maharashtra and having no branches outside maharashtra. Government pushes for bill that gives more teeth to co. Elections to the housing societies fir less than 200 members to be conducted internally by the society.
He was a member of deemed conveyance committee of govt. Section 72 to 73h of maharashtra cooperative societies act 1960. If any state does not have its own state act, the cooperative societies act, 1912 and rules become applicable. The maharashtra cooperative societies act 1960 has been amended extensively by the maharashtra cooperative societies amendment act 20 on dt. Offences the maharashtra cooperative societies act 1960. Page 2 entrustment, amount involved, and fix the responsibility for such misappropriation or embezzlement of funds or fraud. It shall be an offence under this act, if a any member of a society transfers any property or interest in property in contravention of subsection 2 of section 47 or any person knowingly acquires or abets in the acquisition of, such property. Goods and service tax on housing societies from april 2020 introduction cooperative housing societies are entities registered under the cooperative laws of the respective states. Section 81 to 90 maharashtra cooperative societies act 1960. Section 149 to 154 of maharashtra cooperative societies act 1960.
These rules may be called the maharashtra cooperative societies rules. On the death of a member of a society, the society shall transfer the share or interest of the deceased member to a. Section 81 to 90 of maharashtra cooperative societies act 1960. Without prejudice to the other provisions of this act or the rules made thereunder in relation to the disqualification of being a member of a committee, no person shall be eligible for being appointed, nominated, elected, coopted or, for being a member of a committee. Sections related to audit, inquiry, inspection and supervision of society. The elections for cooperative housing societies in maharashtra with less than 250 members will not be held before april as amended rules are yet to be ratified by the state government. Section 30 of the maharashtra cooperative societies act 1960 deals with the provision of transfer of interest which is as under. Mcs act is now easy to read with the help of footnotes and section reference. Limitation the maharashtra cooperative societies act 1960. Do check section 72final authority of society and section 73committee, its powers and functions of mcs act. Relevant extract of section 81 of maharashtra cooperative. Chapter 2 section 19 to 21a of maharashtra cooperative societies act 1960. The maharashtra cooperative housing society byelaws. Aug 20, 20 and whereas the governor of maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further to amend the maharashtra cooperative societies act, 1960, for the purposes hereinafter appearing.
Maharashtra cooperative housing society bye laws ii. Housing society members oppose nomination rules pune news. Chs 2007cr55414c cooperation, marketing and textiles department date. Easy to refer the cooperative society rules with rule number and footnotes. A new chapter in a move to reduce litigation relating to cooperative housing societies arising from the provisions of the maharashtra cooperative societies act, 1960 act, a recent amendment to the act has been effected on 31 october 2018 through maharashtra ordinance no.
Maharashtra cooperative society act 1960 recent changes adda. On the death of a member of a society, the society shall transfer the share or interest of the deceased member to a person or persons nominated in accordance with the rules. Whereas, with a view to providing for the orderly development of the cooperative movement in the state of maharashtra in accordance with the relevant directive principles of state policy enunciated in the constitution of india, it is expedient to. Dec 25, 2016 following are some of the important changes done in the maharashtra cooperative society act, 1960 and also in the model byelaws of cooperative housing societies. Keywords auditor, bonus, central bank, committee, consumers, cooperative bank. Maharashtra act no xvi of 20 maharashtra cooperative society act 1960 english. The maharashtra cooperative societies act, 1960 ebook. This act may be called the maharashtra cooperative societies act, 1960. Oct 16, 2012 the maharashtra cooperative societies act, 1960.
It shall come into force on such date as the state government may, by notification in the official gazette, appoint. Maharashtra cooperative societies act, as it stood, is designed to regulate the affairs of cooperative societies, in general, treating all societies, including housing societies in the same manner. Following are some of the important changes done in the maharashtra cooperative society act, 1960 and also in the model byelaws of cooperative housing societies the condition for membership. It extends to the whole of the state of maharashtra.
An ordinance to amend the maharashtra cooperative societies. For the purpose of registration of an amendment of the bylaws, a copy of the amendment passed, in the manner prescribed, at a general meeting of the society, shall be forwarded to the registrar. Notwithstanding anything contained in, the limitation act, 1963 but subject to the specific provisions made in this act, the period of limitation in the case of a dispute referred to the cooperative court under the last preceding section shall a when the dispute relates to the recovery of any sum, including interest thereon, due to as society by a member thereof be, computed from the. Directive under section 79a of maharashtra cooperative. Order us 79a of the maharashtra cooperative societies act 1960. Download full text of the amended maharashtra cooperative. He is a chartered account practicing for the last 2 decades. It has been appreciated that the affairs of cooperative housing societies, being distinct and peculiar from societies engaged in other activities.
Maharashtra act no xvi of 20 maharashtra cooperative society act 1960 english act. Maharashtra cooperative society act 1960 recent changes. Is an order issued by the deputy district registrar under section 79a and 25a of the maharashtra cooperative societies act 1960, to remove a persons name from the register of members appealable before the divisional joint registrar under section 152 154. With a view to make it easy for cooperative societies to recover amounts due by members exceptionally special provisionprocedure has been introduced in the legal system of the state by inserting section 101 in the m c s act 1960. The government is keen to tighten the noose around the corrupt elements operating within and around states cooperative societies from credit and sugar to housing societies. Some changes have been arbitrarily made by the cooperation department. Now mcs act is easy to read with the help of footnotes and section reference. As per the earlier schedule, the elections were to be completed between april and june 2020. Housing society federation members are against the new rules regarding nomination of members as announced in the recent ordinance to amend the maharashtra cooperative societies act 1960.
Section 101 of mcs act 1960 recovery of dues of co. Xxiv of 1961 received the assent of the president on the 4 th may, 1961. Maharashtra cooperative societies act, 1960 bare acts live. Mar, 2018 vii housing federation means the federation of cooperative housing societies, registered and notified under the act. Unless otherwise separately provided in these byelaws, the following and terms shall have the meaning assigned to them herein. No amendment of the bylaws of a society shall be valid until registered under this act. Of maharashtra represented before the joint committee for making changes in the maharashtra housing act 2012. Gst on cooperative housing societies from april 2020.
The condition for membership applicant to take 10 shares of rs. Though seemingly wellintentioned, some new provisions have dangerous sideeffects. The maharashtra cooperative societies act i960 maharashtra. Information related to annual general meeting, special general meeting and section 79a of. The maharashtra cooperative societies act i960 maharashtra act no. An act further to amend the maharashtra cooperative societies act, 1960. Every order passed 2by the official assignee of a deregistered society under subsection 3 of section 2 1a or every order passed by the registrar or a person authorised by him under section 88 or by. The maharashtra cooperative societies act 1960 apps on. Niyaman laws of the cooperatives cooperation is an activity of the people. Table of content for maharashtra cooperative society rules 1961.
Section 72 to 73h maharashtra cooperative societies act 1960. You will find sections related to reconstruction of societies, cancellation of registration, deregistration of societies etc. As per the provisions of the maharashtra cooperative societies act 1960, cooperative housing societies in the state have to invest their surplus funds that are not required. Rights of an associate member in a housing society lawzilla. Every society which does, or can, derive a profit from its transactions, shall maintain a reserve fund. The maharashtra cooperative societies act, 1960 laws of india. Forms and applications maharashtra cooperative societies rules. Section 22 to 25 of maharashtra cooperative societies act 1960. Download or read online co operative society laws maharashtra book in our library is free for you.
Seeing the provisions of the act the units of textbook of cooperation has been. An act to consolidate and amend the law relating to cooperative societies in the state of maharashtra. Whereas both houses of the state legislature were not in session. As provided under section 30 of the maharashtra cooperative societies act, 1960, and the byelaw no 36 of the society i state that on my death the shares mentioned above and my interest in the flat, the details of which are given above, should. It is now easy to read with the help of footnotes and section reference. Recovery under section 101 of the m c s act 1960 indian. In these rules, unless the context otherwise, requires. Choose another year for the list of laws from maharashtra. Real estate and property april 1, 2020 urgent requisitioning of fivestar hotels to fight covid19 need to amend law constitution and public policy. While presenting this units maharashtra state cooperative societies act, 1960 and rules 1961 has been considered. Xxiv of 1961 the maharashtra cooperative societies act, 1960 as modified upto the 5th september 2012 printed in india by the manager,government central press,mumbai and published by the director,government printing,stationery and publications, maharashtra state,mumbai. Every application for registration of an amendment of the bylaws shall, be disposed of by the registrar within.
In this act, unless the context otherwise requires. Then you can start reading kindle books on your smartphone, tablet, or computer no kindle device required. Maharashtra state cooperative council the maharashtra cooperative societies act 1960. Section 64 to 71a of maharashtra cooperative societies act 1960. Constitution of india, it is expedient to consolidate and amend the law relating to cooperative societies in that state. Maharashtra cooperative societies act 1960 ramesh prabhu. Recent changes in maharashtra coop society act december 26, 2016 following are some of the important changes done in the mcs act, 1960 and also in the model byelaws of cooperative housing societies. Also, the rules covering the products in which housing societies can invest their surplus funds, have been amended. A new chapter in a move to reduce litigation relating to cooperative housing societies arising from the provisions of the maharashtra cooperative societies act, 1960 act, a recent amendment to the act has been effected on 31 october 2018 through maharashtra. It is hereby enacted in the eleventh year of the republic of india as follows. Model bye laws of cooperative housing society blogs. Section 64 to 71a maharashtra cooperative societies act 1960.
It is a selfgenerated, voluntary and selfsufficient activity. Government of maharashtra law and judiciary department maharashtra act no. Sep 16, 2019 the maharashtra cooperative societies act 1960 are applicable to any cooperative society registered in maharashtra and having no branches outside maharashtra. For statement and reasons, see maharashtra government gazette, 1960, part 5, pages 270273. Chapter ii,registration,3 registrar and his subordinates. Appointment of member of committee, new committee or administrator, where there is failure to elect member, to constitute committee or where committee does. Mar 06, 2020 a bill to amend the maharashtra cooperative societies act 1960 was passed in the assembly giving the government an upper hand in determining the polls to the 21 district cooperative banks. Whereas, with a view to providing for the orderly development of the cooperative movement in the state of maharashtra in accordance with the relevant directive principles of state policy enunciated in the constitution of india, it is expedient to consolidate and amend the law relating to co. Section 74 to 80 of maharashtra cooperative societies act 1960. Not all the changes in the new model byelaws are based on recent amendments in maharashtra cooperative societies mcs act 1960. Nov 12, 2018 maharashtra cooperative societies act, as it stood, is designed to regulate the affairs of cooperative societies, in general, treating all societies, including housing societies in the same manner. Directive under section 79a of maharashtra cooperative societies act 1960 to all the cooperative housing societies in the state of maharashtra. An ordinance to amend the maharashtra cooperative societies act of 1960, dated 30th october 2018 with immediate effect salient features of new housing chapter in mcs act 1960. Xxiv of 1961 the maharashtra cooperative societies act, 1960 as modified upto the 5th september 2012 printed in india by the manager,government central press,mumbai and published by the director,government printing,stationery and publications, maharashtra.
This act was passed as a law by the maharashtra legislative assembly in 1960 enacted in the eleventh year of the indian republic. Maharashtra cooperative society rules 1961 table of content. Maharashtra cooperative societies act 1960 complete act. April 8, 2020 rights of an associate member in a housing society real estate and property april 7, 2020 legal issues in joint ownership of flat by husband and wife how to resolve them. Appendix14 form of nomination to be furnished in triplicate. Vii housing federation means the federation of cooperative housing societies, registered and notified under the act. Reserve fund the maharashtra cooperative societies act 1960.
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