The Maharashtra Co-Operative Societies Act, 1960
CONTENTS
We have been removed the sections which has been deleted as per MCS Amendment ACT 2019, below mentioned sections applicable in housing society :
SECTIONS | CHAPTER - I | PAGE |
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1 | Short title, extent and commencement. | 3 |
2 | Definitions | 3 |
SECTIONS | CHAPTER III - MEMBERS AND THEIR RIGHTS AND LIABILITIES | PAGE |
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22 | Person who may become member. | 22 |
23 | Open Membership. | 23 |
25 | Cessation of Membership | 25 |
25A | Removal of names of members from membership register.(Not Applicable) | 25 |
31 | Share or interest not liable to attachment. | 30 |
33 | Liability of past member and estate of deceased member. | 30 |
34 | Insolvency of Members | 31 |
35 | Expulsion of Members | 31 |
SECTIONS | CHAPTER IV - INCORPORATION, DUTIES AND PREVILEGES OF SOCIETIES | PAGE |
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36 | Societies to be bodies corporate | 31 |
37 | Address of Societies | 31 |
38 | Register of Members | 31 |
40 | Admissibility of copy of entry as evidence | 32 |
41 | Exemption from compulsory registration of instruments relating to shares and debentures of society. | 32 |
42 | Power to exempt from taxation ; power to refund. | 33 |
43 | Restrictions on borrowings | 33 |
45 | Restrictions on other transactions with non-members. | 35 |
47 | Prior claim of Society | 35 |
SECTIONS | CHAPTER V - STATE AID TO SOCIETIES | PAGE |
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50 | Direct partnership of State Government in societies. | 40 |
62 | Other forms of State aid to societies. | 42 |
SECTIONS | CHAPTER VI - PROPERTY AND FUNDS OF SOCIETIES | PAGE |
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64 | Funds not to be divided. | 43 |
65 | Ascertainment and appropriation of profits. | 43 |
66 | Reserve Fund. | 44 |
67 | Restrictions on dividend. | 44 |
68 | Contribution to education fund of the State federal society. | 44 |
69 | Contribution to public purposes. | 45 |
69B | Constitution of District Level and State Level Committees. | 45 |
70 | Investment of fund. | 45 |
71 | Employees’ provident fund. | 46 |
71A | Funds not to be utilised for certain proceedings filed or taken by or against officers in personal capacities. | 46 |
SECTIONS | CHAPTER VIII - AUDIT, INQUIRY, INSPECTION AND SUPERVISION | PAGE |
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81 | Audit. | 73 |
82 | Rectification of defects in accounts. | 77 |
83 | Inquiry by Registrar. | 77 |
84 | Inspection of books of indebted society. | 78 |
85 | Costs of inquiry and inspection. | 79 |
86 | Recovery of costs. | 79 |
87 | Registrar to bring defects disclosed in inquiry or inspection to notice of society. | 79 |
88 | Power of Registrar to assess damages against delinquent promoters, etc. | 80 |
88A | Deposit towards fees of inquiry. | 80 |
89 | Power to enforce attendance, etc. | 81 |
89A | Power to inspect working of society. | 81 |
SECTIONS | CHAPTER X - LIQUIDATION | PAGE |
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102 | Winding up. | 93 |
103 | Appointment of Liquidator. | 93 |
104 | Appeal against order of winding up. | 94 |
105 | Powers of Liquidator. | 94 |
106 | Effect of order of winding up. | 96 |
107 | Bar of suit in winding up and dissolution matters. | 96 |
108 | Audit of Liquidator’s accounts. | 96 |
109 | Termination of liquidation proceedings. | 97 |
110 | Disposal of surplus assets | 98 |
SECTIONS | CHAPTER XII - OFFENCES AND PENALTIES | PAGE |
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145 | Prohibiton of use of the word “ Co-operative ” | 129 |
146 | Offences. | 130 |
147 | Punishments for offences under section | 132 |
148 | Cognizance of offences. | 134 |
148A | Contempt of Co-operative Courts and of Co-operative Appellate Court. | 134 |
SECTIONS | CHAPTER XIII - APPEALS, REVIEW AND REVISION | PAGE |
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149 | Maharashtra State Co-operative Appellate Court. | 136 |
150 | Review of orders of Co-operative Appellate Court. | 137 |
151 | Co-operative Appellate Court to have power of Civil Court. | 138 |
152 | Appeals. | 138 |
152A | Appeal against rejection of nomination paper at election. | 139 |
153 | Extension of period of limitation by appellate authority in certain cases. | 139 |
154 | Revisionary powers of State Government and Registrar. | 139 |
SECTIONS | CHAPTER XIII-B - MAHARASHTRA STATE CO-OPERATIVE COUNCIL | PAGE |
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154A | Constitution of State Co-operative Council, its functions, etc. | 140 |
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