Procedure for expulsion of a Member Bye - Law 50
a) Procedure for expulsion of a Member : The cases of expulsion from the Membership of the Society shall be dealt with in the manner provide...
Friday 31 August 2018
Grounds on which a Member could be expelled Bye Law 49
A member may be expelled from the Membership of the Society, if such a Member: a) has persistently failed to pay the charges due to the Soc...
Restrictions on storing of certain goods Bye Law 48
No Member, without the previous permission of the Committee, in writing, shall stock or store any kind of goods or materials, which are comb...
Examination of flats and report about Repairs to Flats Bye Law 47
a) Examination of flats and report about repairs to flats : For facilitating discharge of functions mentioned under the Bye-law No 156 by ...
Maintenance of Flats by Members Bye Law - 45
Additions & Alterations in a flat is permissible only with the committee’s permission as per bye-laws no 45 ,46(a) Application for perm...
Thursday 30 August 2018
Utilization of the Funds Bye Law-14
Utilization of Sinking Fund Sinking Fund : On the resolution passed at the meeting of the general. Body of the Society, the Sinking Fund may...
Creation of Education & Training Fund Bye Law-13(d)
To create Education and Training Fund from contribution by the Members Rs 10 per month / per unit or as decided by the General Body.
Creation of Sinking Fund Bye Law-13(c)
The Sinking Fund at the rate decided at the meeting of the General Body subject to the minimum of 0.25 per cent per annul of the constructio...
Creation of Major Repairs Fund Bye Law-13(b)
Major Repairs Funds, as and when required and decided by the by the General Body at the rate fixed pro-rata on area basis.
Creation of other fund Bye Law-13(a)
Creation of Repairs & Maintenance Fund The Repairs and Maintenance Fund, at the rate fixed at the general body subject to the minimum of...
Constitution of Reserve Fund Bye Law-12
A) The Reserve Fund of the Society shall comprise of 1. All entrance fees received by the Society from its Members; 2.All transfer fees r...
Housing Society Share Capital Bye Law-8
The Authorized Share Capital of the Society shall be Rs 17500 Divided into 350 shares of Rs 50/- each. Ex. 35x500 = 17500 One share 17500/50...
Raising of Funds Housing Society Bye Law-7
Modes of raising Funds of the Society : The funds of the Society may be raised in one or more of the following ways: By entrance fees, By is...
Wednesday 29 August 2018
Non Occupancy Charges to the Society
Bye-laws 43(c) He shall pay non-occupancy charges to the Society. Non-occupancy charges shall be levied in accordance with the circular issu...
Permission of the Society not required sublet
Bye-laws 43(b) Permission of the Society not required sublet : No permission of the Society is required to sublet the flat/ shop. However th...
Restrictions on assignment of occupancy right in the flat Bye - Laws 44
No Member of the Society shall assign, mortgage or create any charge on his occupancy right in the flat without the previous permission in w...
Transfer of Shares and interest Bye Law 38
Transfer of Shares and interest in the Capital/Property of the Society Bye Law 38 A) A Member, desiring to transfer his shares and interest ...
Tuesday 28 August 2018
After death of Member, What Committee should do?
1. The managing committee of the society should verify the nomination form duly submitted by the deceased member, and application for member...
After death of Member, What Nominee should do
1. Nominee/s should submit an application for membership within 6 months of the death of the member. 2. If there is more than one nominee, s...
Rights of the Nominee Housing Society
1. After death of the member, the nominee will be entitled to all the rights in the member's shares to the exclusion of all other person...
Payment of the value of Shares and interest of the deceased Member in the capital / property of the Society to the heir / legal Representative Bye - Law-37
1) If, in the opinion of the Committee, there is only one heir / legal representative of the deceased Member and if he demands payment of t...
Payment of the value of Shares and interest of the deceased Member in the Capital / Property of the Society Bye - Law 36
1) If there is a single nominee and if he demands payment of the value of Shares and interest of the deceased Member, in the capital/proper...
Transfer of Shares and interest of the Deceased Member in the Capital / Property of the Society to the heir Bye Laws-35
1) Where a Member of the Society dies without making a nomination, or no nominee comes forward for transfer, the Society shall invite withi...
Transfer of shares and interest of the deceased Member in the capital / property of the Nominee/Nominees Bye Law-34
1. Subject to the provisions of Section 30 of MCS Act. 1960 Bye-law No. 17A or 19 , on the Death of a Member, the Society shall transfer t...
Recording of Nomination Revision Bye-Law 33
1. On receipt of the Nomination form, or the letter of revocation of the earlier nomination, the same shall be placed before the meeting of ...
Nomination Fees Housing Society
1. No Fees shall be charges for recording the first nomination. 2. A Member may revoke or revise his nomination, at any time, by making an a...
Recording of Nomination or revocations/revisions thereof Bye - Law 33
On receipt of the Nomination form, or the letter for revocation of the earlier nomination, the same shall be placed before the meeting of th...
Procedure for Nomination by a Member and its revocation /revision – Bye - Law 32
A Member and / or Associate Member of the Society may by writing under his hand, in the prescribed form, nominate a person or persons to who...
Bye-Laws 75(a)
The Member, person/firm who had purchased the flat under any agreement under Section 4 of the Ownership Flats Act. Or acquired interest in t...
Monday 27 August 2018
Resignation by a Member Bye - Law 27
a) Notice of resignation of Membership of the Society : A Member may resign from Membership after giving three months notice in the prescr...
Inspect Society’s record/documents Bye - Law 23
A) A Member shall have the right to inspect free of cost books, registers documents etc. as provided in Section 32 (1) of the Act and...
Rights of Members In Housing Society Bye - Law 22
a) A Member shall be entitled to exercise such rights as provided in the Act, Rules, and Bye-laws. Provided that no Member shall exercise t...
Occupation of Flats Bye - Laws 24
a) The Member, who is deemed to have been allotted the flat under the Bye-Laws 76(a) of the Society shall have a right to occupy the flat ...
Eligibility for Membership Housing Society
Individual who is competent to contract under the Indian Contract Act, 1872; A Firm, Company or any other Body Corporate constituted under a...
Member Definition & Rights Housing Society
Classes of Members as per amendment 2018 Member means a person joining in an application for the registration of a housing society which i...
Officer in co-operative housing society
"Officer" means a person elected or appointed by a Society to any office of such Society and includes any office bearer such as a ...
Functional Director housing society
Functional Director” means and includes a Chief Executive Officer or Manager or by whatever designation called, Nominated by a Committee and...
Expert Director housing society
Expert Director” means and includes a person having experience in the field of Housing, cooperation and the field relating to the objects an...
State Co-operative Election Authority
“State Co-operative Election Authority” means an Authority constituted or nominated by the State Government for the purposes of superintende...
What is Authorized Person
‘Authorized Person’ means a person duly authorized to take action under the provisions of this Act.
Working Capital housing society
"Working Capital" means funds at the disposable of the Society inclusive of the paid up capital, share capital, funds created out ...
What is Transfer Premium in housing society
'Premium' shall mean and include the amount payable to the Society by the Member, transferring his shares and interest in the capita...
What is Transfer Fees CHS
'Transfer Fees' means the sum payable by a transferor to the Society for the transfer of his shares along with occupancy right as pr...
What is Family in housing society
Bye Law No 3 (25) - "Family" means Group of persons which includes husband, wife, father, mother, sister, brother, son, daughter, ...
What is Active Member housing society
One who has purchased and owns a Flat / Unit in the Society. One who attends at least one General Body Meeting of the Society in the previou...
Common Areas and Facilities housing society
The land on which the building is located; The foundations, columns, girders, beams, supports, main walls, roofs, halls, corridors, lobbies,...
Open terraces in housing society
Open terraces means terraces which are otherwise not in the exclusive possession of any of the Members.
What is Open space housing society
Open space means an Area, forming a integral part of the site, left open to sky.
What is Major Repair Funds
Major Repair Funds means a Fund created by the Society and constituted under Bye-law No. 13 (b), for the purpose of Major Repairs including ...
What is Sinking Fund
Sinking Fund means the fund constituted under the Bye-law No. 13(c);
Repairs and Maintenance Fund housing society
Repairs and Maintenance Fund means the fund constituted under the Byelaw No. 13(a);
Reserve Fund housing society
Reserve Fund means the fund constituted under the provisions of Section 66 (1) of the Act and the Bye-law No. 12(i);
Rules in Co-operative housing society
Rules means the Maharashtra Co-operative Societies Rules, 1961;
Promoter Builder housing society
Promoter Builder means a person and includes a partnership firm or a body or association of person, [whether registered or not] who constru...
Promoter in co-operative housing society
Promoter means a person, who has signed the application for registration of the Society.
Parking Slot in housing society
Parking Slot means demarcated and numbered individual parking slot for a single vehicle ( for four wheeler LMV or two wheeler ) within the P...
Parking Space Co-Operative housing society
Parking Space means open space within the premises of the Society earmarked by it for parking of vehicles and includes a stilt, basement, po...
Papers in housing society
Papers means all or any of the items mentioned in the bye-laws Nos. 142 and 143
Ownership Flats Act
Ownership Flats Act means the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act. ...
What is Housing Society Federation
Housing Society Federation means the federation of co- operative housing societies, registered and notified under the Act.
What is Flat housing Society
Flat means a separate and self contained set of premises used or intended to be used for residence, or office, or show-room, or shop, or god...
Committee Meaning Housing Society
Committee means the Committee of management or board of directors or the governing body or other directing body of a cooperative Housing Soc...
Chief Promoter in housing society
Chief Promoter means the person who is elected by the Promoters, in their first meeting, or in their subsequent meetings in case the post of...
Co-operative housing society Bye-laws
Bye-laws : Bye-laws means by-laws consistent with Act and registered under this Act for the time being in force and includes registered amen...
Co-operative housing society Acts
Act : Act means the Maharashtra Co-operative Societies Act; (MCS Act) 1960
Important Term in Co-Operative Housing Society Bye - Law 3
1. Act 2. Bye-laws 3. Chief Promoter 4. Committee 5. 15 Days Clear Notice means 6. Flat 7. Housing Society Federation 8. Ownership Flats A...
Friday 17 August 2018
Important Account Books and register need to maintain in housing societies mumbai
As per Bye laws No. 142 and 143 following maintenance of account books and register required to maintain every co-operative housing society...
