Creation of Funds 7. The funds of the society may be raised in one or more Modes of raising of the following ways: the funds of the society… i by and for Election Fund. Active Member… He has purchased and owns the Flat I Unit in the Society. He has at least paid the amount equivalent to one year of society Maintenance and Service charges, within a consecutive period of Five years. Certified copy of the approved Bye-laws of the Society Rs.
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Modes of communication of Notices, Resolutions, Decisions etc. Bye Law No a It shall be open to the Society, having regard to the importance of the matter and the specific provision made thereof under the MCS Act, the MCS Rules and the Bye-laws of the Society, to give notice of every General body meeting and communicate the resolution or the decision, to the Members of the Society on their last known addresses, by one of the following modes: i Hand delivery ii Dispatch through post office or by registered post, with or without acknowledgement due, or by email.
Bye Law No Accounting Year The accounting year of the Society shall be that commencing on 1st April and ending on the 31st March of the subsequent year. If there is more than one building, the similar Notice Board shall be fixed in all the buildings.
The General Body Meeting, after considering the Say of the Member and after giving him hearing, may levy penalty to the extent of maximum consolidated penalty not exceeding Rs. Such penalty should be reasonable and equal to all such erring Members. The managing committee shall recover such penalties with proper care. Operation of Lifts, Solar Water Heaters etc. The Committee shall regulate the operation of the lifts, solar water heaters taking into consideration the convenience of the majority of the Members of the Society.
Restriction on Playing Games The meeting of the General Body of the Society may, after taking into consideration the location of the building or buildings of the Society and their surroundings and the open space available for playing games by the Members of the Society and their children, allow such games to be played during such hours as may be fixed by the meeting of the General Body of the Society and subject to such restrictions, charges and penalties as it may impose.
The use of such areas shall be restricted to the cause for which these are meant. Any Member violating the above directives shall pay an amount equal to five times the monthly maintenance charges, per month with retrospective effect for the period for which such violation is existed.
The said systems may include i Solar collector stand, hot water tank, cold water tank, stand for the tank and hot water pipeline etc, ii Solar Panels, battery, inverter charging controller, cabling etc.
Fees of supply of copies of the documents The Member of the Society, requiring copies of the documents shall pay copying fees and other charges at the rates mentioned against them : Sr.
MODEL BYE LAWS OF COOPERATIVE HOUSING SOCIETY
The condition for membership — Applicant to take 10 shares of Rs. Bye law No. Education and training of Co-operative members, committee members, officers and employees — Education and Training fund of Rs. Regarding the use of Sinking Fund — Sinking fund can be utilized by the society and no permission of the Registrar is needed. General body permission, however, is a must.
Recent changes in Maharashtra Co-Operative Society Act 1960
These bye-laws provides a distinct guidelines to the co-operative society management to facilitate ease of functioning and peaceful cohabitation of the members. Also Maharashtra Cooperative Housing Society Bye-Laws aids societies to initiate any redevelopment process as per the norms of the authority. Therefore, let us have a look at the key features that the MCS Act states: Area of operation: The act states that the area of operation for any co-operative housing society is confined to all the cities and towns of Maharashtra. Affiliation: Upon registering, the society becomes a member of Housing Federation of the district.
Model Bye–Laws of Cooperative Housing Society