Maharashtra Co-operative Housing Society Bye Laws. 1. PRELIMINARY. 1. (a) Name of the Society: The name of the Society shall. Mar 13, Smart way to manage your Co-Operative Housing Society. Web based Apartment Home; Blog. Bye Laws for Housing Society in Maharashtra. Aug 19, Procedure To Recover Dues From Housing Society Maintenance Bill Defaulters. In current situtation running a society smoothly depends on.
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This is perhaps the simplest of all models where a maharasshtra amount is charged on all apartments. Education and Training fund of Rs. This means that if you have a larger home, you will end up paying more. Partially Equal Fee In this method, a particular amount of money is charged on the area up to a predetermined square feet value.
Recent changes in Maharashtra CoOperative Society Act
Equal Fee for All This is perhaps the simplest of all models where a fixed amount is charged on all apartments.
Though it aims to be fair on all parties, there is still a difference in opinion on which items should be charged as per housiny size. Appointment of Auditors, their Remuneration, Rights and Responsibilities, removal etc.
Beyond that, any increment in area is charged according to a unit decided by the apartment association. Recovering the dues from members is complicated task as it also harm the personal relation with the committee members and defaulter members.
Additional responsibility to file FIR if misappropriation, etc is provided. Address of the society. To arrive at the monthly maintenance fee https: However, since the common facilities such as lift, garden, club, security services, swimming pool etc.
There is also a non-refundable sinking fund which is charged by the society for major repairs. The method involves splitting the charges into two with the first part including all the common expenses incurred on lifts, security staff salary, stationary, property taxes, conveyance, audit fees, meeting charges, common electricity etc.
You can find some of the popular methods to calculate the maintenance fee for your apartment along with their advantages and disadvantages below:.
Name of the Society. The condition for membership — Applicant to take 10 shares of Rs. Mandatory filing of Annual returns and auditors appointment should be insisted for.
Tag Archives: Bye Laws for Co-operative Housing Society in Maharashtra
You bought an apartment and you moved in with your family and household items. Exhibition of Name Board.
You can find some of the popular methods to calculate the maintenance fee for your apartment along with their advantages and disadvantages below: The most commonly used and popular method to calculate the apartment maintenance fee is paying according to the area. Penalties prescribed for various offenses and a consolidated penalty for all defaults to be Rs.
Leave a Reply Cancel reply Your email address will not be published. In this method, a particular amount of money is charged on the area up to a predetermined square feet value. For financial advice online check out OakParkFinancial.
This also depends on the size of the apartment and the amount stays with the society until repairs are undertaken. Sinking fund can be utilized by the society and no permission of the Registrar is needed.
The second part includes the area based charges that are specific to the apartments such as water charge and electricity usage. Further, a half-yearly meeting should be held to discuss the feasibility of the plan and also to cut down any charges that are imposed unnecessarily.
For More Details — Source. Society Committee can follow below procedure to recover dues from defaulter society member: Copy of Bye laws, list of members to be kept open for inspection to the public free of charge. Other Important bye law provisions auditor should know: After verifying and hearing if registrar find the appeal truthful he will issue recovery certificate to society. Registration number and the registered address.